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Daily Archives: April 6, 2020

RBA keeps rates on hold, ASX 1pc lower in afternoon

Our latest episode of The Shot Squeeze is available here. However, turns out Kyle’s guess about the RBA possibly moving below 0.25 per cent was wrong, as it has kept rates at that level. Senior investment advisor at Shaw and Partners, Craig Sydney, says the ASX was tracking US futures …

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Zoom says it’s safe for Australian companies to use as security concerns escalate

The US-based company’s video conferencing service has surged in popularity since March, becoming the go-to option for millions of people forced to work and socialise from home amid the Coronavirus pandemic.But the newfound popularity has led to increased scrutiny on some of the service’s existing issues, new use cases the …

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Deadly pollutant surged by 3000 per cent at coal-fired power plant

A spokesman for EnergyAustralia, which operates the Yallourn power station, said that in 2018 power production from Yallourn was down by about 6 per cent and most emissions that power generators are required to report on were also down. But he did not explain the 82 per cent increase in …

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Online abuse surges along with screen use during virus pandemic

“As kids get more bored and frustrated, they’re more likely to act out online, as are adults, so we expect to see more cyber-bullying. “As children are exploring their sexuality and aren’t seeing the teenage love of their life, we’re expecting them to seek out more pornography … and to …

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Bilby baby boom hailed as a big success for Western Plains Zoo

A bilby breeding program at Taronga Western Plains Zoo is being praised as a huge success with 19 joeys born during the program since it commenced six months ago. Five of the young bilbies are already completely independent from their mothers while all seven adult females in the sanctuary are …

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Queensland cop returns to work 18 months after he was hit by stolen car

On September 27, 2018, Constable McAulay rolled out spike strips to stop the stolen sedan on Brisbane Road in Booval. The driver swerved to avoid the spikes, hitting the policeman. Loading The officer, who was 24 at the time, was knocked unconscious and paramedics rushed him to hospital in a …

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Plumbing giant Reece turns on the tap for $600 million capital raise

The Wilson family, Reece’s biggest shareholder group, said it would subscribe for $170 million of shares. On completion the aggregate holding of the Wilson family shareholding will reduce from 73.3 per cent to 67.7 per cent. We think we’re being prudent, we think we’ve sized this right. Peter Wilson, Reece …

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Bushfire emergency warning for out-of-control blaze near Mandurah

A bushfire emergency is threatening lives and homes near Mandurah. The fire was first reported near the intersection of Goodooga Road and Jannali Road in Furnissdale about 1pm on Monday. A bushfire emergency alert is active for people along Riverside Drive and Furnissdale Road in the southern part of Furnissdale …

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Hopes for higher oil prices push ASX to three-week high

Optimism that the US government will provide more financial support to its economy and corporations, and hopes OPEC+ and Russia will meet this week to cut oil production boosted markets on Monday. Wall Street futures pushed the Australian market to a three-week closing high and a one-day gain of 4.3 …

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Qantas in talks for rescue flights to India

“As you know the Australian government’s policy precludes assisted departures,” the email says. “The survey results were very clear on this point, with only 126 of the over 3100 respondents indicating they are willing to pay over $3000 for the return flight. Loading “We know many of you have asked …

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