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Australian shares take a beating as coronavirus continues its spread on the last day of 2020, leading to Victoria closing its border with NSW.
Why the New Energy Solar (ASX:NEW) share price is climbing higher today Aaron Teboneras | December 31, 2020 12:09pm | More on: The At the time of writing the New Energy Solar share price is 0.5% higher to 86 cents. In comparison, the All Ordinaries Index (ASX: XAO) is down 0.2% to 6,931 points. Sale of Mount Signal 2 This morning, New Energy Solar announced the sale of up to a 50% stake in its solar plant Mount Signal 2 (MS2) to US Solar Fund PLC. (USF). The purchase price for a split stake in MS2 is valued between US$44 million to US$46 million. Management said that this is based on the...
With the ASX tipped to outperform in 2021, shares in this sector could rocket Bernd Struben | December 23, 2020 4:00pm | More on: Image source: Getty Images Global share markets are entering the final days of 2020 in a tug of war between the same 2 prevailing forces that have dominated share prices since February. COVID-19, now responsible for more than 1.7 million deaths around the globe, continues to roil investors. Shares largely surged on the back of multiple successful vaccine approvals in recent weeks. But the new, more transmissible variant of the virus coming out...
ASX to drop as UK virus triggers global sell-off Save Share Australian shares are set to open lower, with news of a new virus variant in the UK putting investors on the defensive. The S&P 500 is set for its worst day in a month. ASX futures were down 30 points to 6558 near 5.10am AEDT, paring some of their earlier losses. The currency slid 0.6 per cent amid a shift to the safe-haven US dollar. The Bloomberg dollar spot index was up 0.3 per cent. The yield on the US 10-year note was down 1 basis point to 0.94 per cent. Oil dropped amid concerns the latest virus news from the UK could curtail d...
Australian share market ends on a high after Treasurer says recovery will be faster than forecast Posted ThuThursday 17 updated ThuThursday 17 Treasurer Josh Frydenberg says Australia's economy will make a faster recovery than previously forecast. ( Share Print text only Cancel Australian shares jumped to their highest close in almost 10 months, as projection of a faster economic recovery next year was announced by the Treasurer and unemployment figures were better than expected. Key points: The Australian dollar has risen again after yesterday's 2.5-month high to 75.7 US cents. Bitcoin has...