Rolls Royce taps shareholders for STG2bn
Britain’s Rolls Royce says it plans to raise STG2 billion ($A3.6 billion) from shareholders, STG1 billion from the bond market and secure further loans to rebuild its balance sheet after COVID-19. The pandemic has battered Rolls’s finances as airlines pay the company according to how many hours its engines fly in wide-body jets. Worries that…
Qld inks mining royalties deal with Adani
The Queensland government has signed a deferred royalties deal with Adani for its $2 billion Carmichael coalmine. Treasurer Cameron Dick sealed the deal with the Indian-owned firm on Thursday, guaranteeing state revenue amid an opposition election promise to freeze mining royalties for a decade. “I can assure you that Adani will pay the dollars in…
ASX ends 1pc higher, all sectors up
Australia’s share market has started October strongly as all sectors finished higher, though gains eased in the final hour. Miners and property did best as the S&P/ASX200 benchmark index closed higher by 57 points, or 0.98 per cent, to 5872.9 points on Thursday. The index was up 1.5 per cent for much of the day,…
White House offers $1.5 trillion aid plan
The Trump administration has proposed including a $20 billion extension in aid for the battered airline industry in a new stimulus proposal to House Democrats worth over $1.5 trillion. House Democrats, who seeking $2.2 trillion to combat the effects of the coronavirus on the US economy, had been at loggerheads over the new measure with…
CommSec Daily Report Thursday
Latest News As we enter the final quarter of 2020, the Aussie market is off to a much brighter start to October compared to its finish to September. The ASX 200 is rebounding from the 2.3% slide yesterday and is now 88pts or 1.5% higher to 5,903 heading towards midday. This follows a more optimistic…
Record home prices in 18 Aussie regions.
Record home prices in 18 Aussie regions Mixed messages in manufacturing Home prices; Manufacturing activity Home prices: The CoreLogic Home Value Index of national home prices fell by just 0.1 per cent in September. Prices were up 4.8 per cent over the year. Prices rose in six of the eight capital cities in September. Record…
Budget sweetener to promote great outdoors
Australians are being tempted to take an interstate trip through a dusting of funding for outdoor attractions. Next week’s budget will sprinkle a little Commonwealth cash over a range of environmental tourism projects. The money will be used to upgrade hiking huts in the Tasmanian wilderness, fix walking tracks in northern NSW, build water crossings…
ASX up 1.5pc, all sectors higher
Australia’s share market has started October higher, with all sectors up and the materials sector a standout. The S&P/ASX200 benchmark index was higher by 92.3 points, or 1.58 per cent, to 5908.2 points at 1200 AEST on Thursday. The All Ordinaries index was up by 93.7 points, or 1.55 per cent, to 6103. Materials led…
US stocks higher as fiscal stimulus talks continue
US equities closed out Q3 with another higher close overnight. The statement from US Treasury Secretary Mnuchin saying: “one more serious try” on a fiscal stimulus deal after more talks took place overnight, helped improve investor sentiment. The escalator clause could be the special sauce and maybe how the Republicans try to meet the Democrats…
Facebook bans US ads on ‘election fraud’
Facebook says it is immediately banning US Facebook and Instagram ads that call voting fraud widespread, or election results invalid, or impugn any one method of voting. The company announced the new rules in a blog post, adding to earlier restrictions on premature claims of election victory. The move comes a day after President Donald…
