Crown Resorts has suffered a heavy protest vote against its executive pay for a second straight year, but shareholders voted against unseating the embattled company's board ahead of a decision on the future of its biggest casino. Shareholders delivered a 'second strike' at the company's annual general meeting on Thursday, with 30.73 per cent votes cast against adopting the 2021 remuneration report.
ASX to open higher and US stocks gain on hopes US debt ceiling deal will end Washington impasse US stocks have gained after recouping early losses as investors turned hopeful that congressional Democrats and Republicans could reach a deal to avoid a government debt default. Key points: The Dow Jones index has risen 0.3pc to 34,417, the S&P 500 has risen 0.3pc to 4,364, and the Nasdaq Composite has risen 0.5pc to 14,502
SYDNEY, NSW, Australia - Despite widespread power failures across China, the ailing of property giant China Evergrande, and disappointing Chinese manufacturing data, stocks in Asia on Thursday steadied. "It is likely that the power crunch in China will persist until end-2021, as the local governments are under pressure to fulfil emission reduction goals for this year," Chaoping Zhu, Global Market Strategist, J.P. Morgan Asset Management said in a note, according to Reuters.
Upgrades to its technology systems and a reduction in technology debt have helped the Australian Securities Exchange reduce potentially inherent risks. The Australian Securities Exchanges (ASX) has reported technology and operational incidents across the organisation has fallen by 93% over the past five years, with the organisation attributing the drop to its infrastructure upgrades.
SYDNEY, NSW, Australia - Most Asian stock markets rose on Friday, however, the ASX fell sharply as the Australian market adapted to an iron ore price that is less than half of what it was four months ago. Iron ore is Australia's largest export, and its biggest customer is China.
As billionaires Jeff Bezos and Richard Branson blasted off for joy flights this year, investors’ thoughts have turned to space. For many decades, the prohibitive cost of sending humans outside earth meant space travel was monopolised by the public sector. But this is no longer the case, according to Nucleus Wealth head of investments Damien Klassen.
Owners of women's clothing stores Noni B, Rivers and Katies close 288 stores in retail bloodbath caused by the pandemic - a day after stationery brand kikki.K collapsed in Australia
Aussie fashion retailer Mosaic Brands has revealed it has closed 288 stores since the pandemic began, only a day after much-loved stationery brand kikki.K collapsed. The company, which owns brands such as Rivers, Katies and Noni B, has been forced shut-down a staggering 165 stores since February this year.
The company owns fashion brands such as Noni B, Rivers, Millers and Katies Stubborn landlords who refused to lower rent cited as a factor behind closures Comes a day after much-loved stationery brand kikki.K collapsed in Australia Fashion retailer Mosaic Brands has revealed 288 stores have been forced to close since the start of the pandemic, only a day after the much-loved stationery brand kikki.K collapsed in Australia.
ASX investors were mostly parked on the sidelines on Friday as markets awaited direction from the US Federal Reserve at tonight’s Jackson Hole symposium. The benchmark S&P/ASX200 closed just 2.4 points lower at 7488.3 in the final session of the week as losses for blue-chips BHP, ANZ, and Wesfarmers offset gains for Commonwealth Bank, CSL, Rio Tinto, and NAB.
Big Blue has served the ASX with 17 recommendations and found a number of shortcomings in the ASX Trade Refresh project, which resulted in a pause of trading on the day of go-live. The Australian Securities Exchange (ASX) experienced "software issues" when it went live with the refresh of its trade equity platform in November last year, causing the exchange to pause trade.
After posting a record profit last year of AU$498 million, the Australian Securities Exchange has reported just shy of AU$481 million for FY21. The Australian Securities Exchange (ASX) has reported its financial results for the 2021 financial year, seeing a AU$17.7 million -- 3.6% -- drop in profit from its 2020 record result.
Origin Energy slashes value of Australia’s biggest coal-fired plant due to impact of cheap renewables
Shares tumble after company announces $1.5bn asset writedown and lower expected earnings Origin Energy has slashed the value of its assets, including Australia’s biggest coal-fired power plant, by more than $1.5bn as cheap power from renewables floods the national grid. Company shares tumbled as much as 10% on Friday morning after Origin announced the writedown and lower expected earnings next year to the Australian Securities Exchange, before recovering slightly to be down about 7.85% about 12.45pm.
The ASX has highlighted challenges in relation to custody arrangements on cryptocurrency exchanges, suggesting perhaps a more regulated environment would provide assurance to investors. The Australian Securities Exchange (ASX) has issued a warning to investors keen to buy into the crypto scene, particularly around the security of the private keys used to access digital funds.
* Miners and energy firms biggest losers on ASX 200 * Oil Search ends up 6.3% on rejecting Santos bid * Healthcare stocks climb up to 1% (Updates to close) By Savyata Mishra July 20 (Reuters) - Australian shares pared back sharp losses made in morning trade but ended lower on Tuesday, as a steep drop in mining and energy stocks outweighed gains in tech and healthcare firms.
SYDNEY, NSW, Australia - Stocks in Asia were mostly lower on Wednesday, although the Australian market showed some life. In Japan, the Nikkei 225 slid 109.75 points or 0.38 percent to 28,608.49. China's Shanghai Composite dropped 38.02 points or 1.07 percent to 3,528.50.
* Gold miners led gains on ASX * Buy-now, pay-later firms capped gains * NZX 50 down 0.5% (Updates to close) By Riya Sharma July 14 (Reuters) - Australian shares closed higher on Wednesday, outweighing any investor concerns after a lockdown was extended in the country's most populous city, with heavyweight gold miners helping offset turmoil in the buy-now, pay-later sector.
AIM and Media Release BASE RESOURCES LIMITED Kwale SML 23 extension - update African mineral sands producer, Base Resources Limited (ASX & AIM: BSE) (Base Resources) notes recent reports in the Kenyan media regarding statements made by the Cabinet Secretary for the Ministry of Petroleum and Mining at a recent Kenyan Chamber of Mines conference that the proposed extension to the Kwale Special Mining Lease (SML 23) has been approved and that the licence will be issued soon.
* Platinum Asset Management top loser on ASX * Major banks wiped early gains on ASX * NZX 50 up 0.2% (Updates to close) By Riya Sharma July 13 (Reuters) - Australian shares closed flat on Tuesday, as major banks capped the advances made by heavyweight miners, with the possibility of a coronavirus-led lockdown being extended in the country's largest city still left open.
* Energy stocks lead gains on ASX * IDP Education surges over 20% * NZX 50 ends 0.2% higher (Updates to close) By Riya Sharma July 2 (Reuters) - Australian shares closed higher on Friday, boosted by the country's four-phase plan to reopen the economy from virus-led lockdowns, though they ended the turbulent week flat.
SYDNEY, June 29 (Reuters) - Asian shares dropped on Tuesday on concerns new coronavirus outbreaks in the region could undercut an economic recovery, even as robust momentum in the United States prompts the Federal Reserve to contemplate a quicker exit from accommodative policy. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.15% lower, hovering near recent highs, though momentum has stalled as some countries re-impose lockdowns to contain the spread of the Delta virus variant.