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ASX rises 1pc; BHP, Rio, Fortescue lead gains


ASX rises 1pc; BHP, Rio, Fortescue lead gains
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The market at midday
Resource Base dips on debut
William McInnes
Resource Base has dipped on its debut on the local sharemarket, despite the majority of gold miners trading higher.
Junior gold explorer had listed at 20¢ a share but inside the opening minutes of trading, was down 12.5 per cent to 17.5¢.
The company had raised $5.5 million through its initial public offering and listed with a market capitalisation of $10.7 million.
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Online broker SelfWealth to add crypto in Aussie first
Aleks Vickovich
ASX-listed share-trading platform SelfWealth will add cryptocurrencies as more than two thirds of its customer base of active traders and self-managed super investors hold or plan to invest in digital assets. ....

New Zealand , United States , New South Wales , Western Australia , Canada General , Jennison Mark Baribeau , Mark Baribeau , William Mcinnes , Alex Gluyas , Jules Pemberton , Malcolm Parmenter , Tom Richardson , Alex Dorsch , Jonathan Shapiro , Richard Vincent , Washingtonh Soul Pattinson , Rio Tinto , Fortescue Metals Group , Pilbara Minerals , Australian Pharmaceutical Industries , Jennison Associates , Idemitsu Group Boggabri Coal Operations , Company Limited , Iluka Resources , Whitehaven Coal , Corporate Travel Management ,

Woolworths, Westfield, Appen, Wisetech, Medibank: All the half-year results here


4.43PM – Feb 24, 2021
Harmoney, MoneyMe lift personal loan originations in bank tech battle
Loan originations are on the rise at two new, tech-driven personal lending brands, Harmoney and MoneyMe, which presented plans to beat the major banks at finding customers and assessing their risk but failed to convince the market.
Harmoney and MoneyMe have both developed machine learning tools using broad data sets to assess customers; Harmoney said a new model using data from 53,000 Australian loan applicants had resulted in its ‘Libra’ system doubling originations in the middle two weeks of February.
Over the half, Harmoney’s $194 million of new loans was down 28 per cent, adding to the negative sentiment on the market. But it explained this was due to a COVID-induced pullback in the first quarter and said new loans were up 47 per cent in the second quarter and momentum is continuing. It’s total loan book is $470 million including New Zealand, whe ....

United Kingdom , Mark Brayan , Brad Banducci , Simon Evans , Carrie Lafrenz , David Rowe , James Thomson , Arsineh Houspian , James Eyers , Tash Sorensen , Alastair Symington , Steven Cain , Ciaran Davis , Malcolm Parmenter , Aleks Vickovich , Rebecca James , Yolanda Redrup , Renato Mota , Cpaas Communications Platform , Coles Group , Sustainable Improvement Program , Australian Radio Network , Humm Group , National Australia Bank , Big W , Endeavour Drinks ,

ASX to fall; WiseTech upgrades EBITDA guidance


ASX hits three week low; tech stocks tumble
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Sarah Turner
Markets are challenging the Reserve Bank of New Zealand with higher bond yields and a rising currency, but the central bank has retaliated with hints that it could respond to undesirably tight financial conditions by slashing the cash rate.
Reserve Bank of New Zealand Governor Adrian Orr. 
Stuff
RBNZ governor Adrian Orr said “we are very aware of the rise in global bond yields. They directly impact on funding costs for banks which then pass that on to retail lending rates.”
The 10-year New Zealand government bond yield jumped from 1.598 per cent to 1.681 per cent in the afternoon. The New Zealand dollar is back at April 2018 levels, trading at US73.63¢. ....

New South Wales , United Kingdom , Scott Richards , Trevor Greber , Mayne Pharma , Sarah Turner , William Mcinnes , Alastair Symington , Vesna Poljak , David Gonski , Malcolm Parmenter , Tom Richardson , Scott Wyatt , Viva Energy Group , Risk Committee , Viva Energy , Sustainability Committee , Royal Commission , Singapore Airlines , Day Hospitals , Energy Group , Link Travel , Sydney Airport , Singapore Airlines Limited , புதியது தெற்கு வேல்ஸ் , ஒன்றுபட்டது கிஂக்டம் ,