CBA customers return from loan holiday
MELBOURNE, AAP – Almost all CBA borrowers who took a loan holiday due to COVID-19 have restarted their repayments, chief executive Matt Comyn says. At the bank’s annual general meeting, held via videolink on Wednesday, Mr Comyn said about 160,000 mortgage holders and about 90,000 business loan holders deferred their loans during the pandemic. During…
Ransomware is so rife it’s a threat to national security
Cracking down on cryptocurrencies might ruin the risk-reward calculation for criminals. Tobias Vernon of the UK owns two small galleries that sell 20th-century ceramics and artworks. Thanks to marketing efforts, the business has almost 50,000 Instagram followers. One weekend in May, an email appeared from Instagram congratulating the business for getting a ‘blue tick’, which…
Silver investors remain undaunted
Silver has suffered a series of sharp selloffs since mid-June, serious collateral damage from gold-futures speculators’ fears of Fed tightening. Naturally silver bearishness has steadily mounted in recent months as this precious metal cascaded lower on balance. But interestingly this chronic silver weakness hasn’t seemed to faze investors. They’ve apparently largely held on to their…
Delivery delays as FedEx workers strike
SYDNEY, AAP – Thousands of workers at a major parcel delivery service have walked off the job across the country – the second courier strike in as many weeks – putting more pressure on the nation’s stretched postal system. Deliveries will be affected after about 2500 FedEx workers began a 24-hour strike at midnight over…
ASX up after Evergrande pledge to pay
SYDNEY, AAP – Investors breathed more easily and helped Australian shares higher after troubled property giant Evergrande said it will pay bond interest. The market closed modestly higher on Wednesday after the Chinese group committed to paying the first lot of a mountain of debt. Energy and mining shares were the best performers on the…
CommSec Daily Report Wednesday
Latest news The Australian sharemarket is lifting for a second day, with the ASX 200 up by 0.5 per cent at midday thanks to gains from resource stocks. This follows a slow start to trade, when local stocks were down by as much as 0.44 per cent on the open. This coincided with news that…
ASX higher as Evergrande pledges to pay
SYDNEY, AAP – Shares were higher by about half a per cent on the Australian market after troubled Chinese property group Evergrande said it would pay bond interest. The mining giants and energy providers had big jumps after investors were comforted by the news on Wednesday about Evergrande’s ability to pay its debts. The company’s…
ASIC the corporate lapdog
The implosion of Australia’s corporate watchdog, the Australian Securities and Investments Commission, under the federal government’s new directions, has gone from tragedy to farce. ASIC was described as “weak, hesitant and timid” in a 2014 Senate review of its performance. To be fair, that was before ASIC’s current leadership. Now any assessment could add “dazed…
CommSec Daiy Report Friday
Latest News Aussie shares started Friday’s session in the red and has remained near the lows of the day for the opening few hours of trade. The ASX 200 is down 66 points or 0.9% to 7,393 towards midday, following a mixed session on US markets overnight where the Dow Jones and S&P500 saw small…
Biggest lift in consumer confidence in 22 weeks
Biggest lift in consumer confidence in 22 weeks Consumer confidence; CBA card spending; Overseas arrivals & departures What happened? The weekly ANZ-Roy Morgan consumer confidence rating rose by 3.1 per cent – the most in 22 weeks – to an 8-week high of 103.1 (long-run average 112.5 since 1990). Sentiment surged 10.6 per cent in…
