Australia shares to start in positive mood
The Australian share market can expect to get off to a positive start to the week as the US and China score the first phase of a trade deal.
Asahi Beverages has committed to using 100 per cent renewable electricity across its Australia and NZ operations by 2025, matching a promise by Lion and CUB.
Lynas Corp has submitted a tender in response to the US Department of Defense’s call for proposals to build a heavy rare earths separation plant.
Galaxy Resources and satellite provider Speedcast will drop out of the ASX/200 after a dismal year.
The nation’s biggest lender expects its backpay scandal to cost it as much as $53.1 million.
Cloud accounting software firm Xero has named former Telstra chief executive and CSIRO chair David Thodey as the next chair of its board.
Shares in consumer lending fintech Moneyme are up 28 per cent following its $45 million IPO.
The Takeover Panel is allowing ERA’s $476 million entitlement offer to proceed but says Rio Tinto can’t use it to acquire all of the company.
Outgoing Westpac chairman Lindsay Maxsted says the bank was too slow to implement robust monitoring of money transfers potentially linked to child abuse.
The competition watchdog says Asahi’s proposed $16 billion purchase of Carlton and United Breweries could lead to it controlling most Australian cider sales.
Wellard is selling the world’s largest purpose-built livestock carrier - the Ocean Shearer - for $US53 million.
Westpac faces the threat of a second strike and board spill at its annual general meeting as shareholders demand answers over the bank’s AUSTRAC scandal.
Waste management company M8 Sustainable, Nitro Software and Terragen Holdings have all made their ASX debuts.
People feel less optimistic about the Australian economy, a consumer confidence survey from Westpac and the Melbourne Institute suggests.
UPDATE, 2.50PM: Thirty-two vehicles are now responding to the fire which is still burning out of control.
POLICE have confirmed there are so suspicious circumstances surrounding the death of a Cohuna woman.
Shepparton Police are appealing for information in regard to a serious assault which took place early Sunday morning on the corner of Wyndham and Fryers Sts.