Finance News (Page 2)

ASX plunges following on from Wall St: ASX closed 2.9% lower

15 Aug 2019 - The ASX saw the biggest drop of the year closing 2.9% lower today taking the benchmark S&P200 back to where it traded in early June. It comes as Wall St saw its biggest drop of 2019 as the bond market reared a recession indicator. QBE Insurance Group (ASX:QBE) today announced a 1H19 statutory net profit after tax of $463 million, up 29 per cent from $358 million in the prior period.

Unemployment rate steady, wages rise: ASX tracking 2.4% lower at noon

15 Aug 2019 - The ASX dropped at the open following a plunge in the US markets overnight. It is now tracking 2.14% lower at noon. Treasury Wine Estates (ASX:TWE) shares have soared after it reported NPAT up 16% on the pcp. Packaging manufacturer meanwhile Orora's (ASX:ORA) share price dropped after reporting on challenging market conditions today. Gold Road Resources (ASX:GOR) and Gold Fields ramp up progress on Gruyere process plant.

Dow plunges, Europe stocks fall: ASX set to open lower

15 Aug 2019 - Following a shocking plunge in US markets yesterday, the ASX looks set to open lower. The Dow Jones Industrial Average had its worst performance of 2019. Bank stocks led the declines with the financials sector down more than 10 per cent from a recent high. Elders (ASX:ELD) has refinanced its debt facilities for working capital facilities for Australian Independent Rural Retailers.

Healthcare sector sees biggest gain a year: Aus shares close 0.4% higher

14 Aug 2019 - Healthcare sector sees biggest gain in a year. CSL (ASX:CSL) shares hit a new high on immunoglobulin (anti-infection) business. Pilbara Minerals (ASX:PLS) shares bounce off 2017 levels. Aussie wages price more than expected. Aveo (ASX:AOG) inks implementation for $1.3b takeover. Pact Group (ASX:PGH) swings into loss on higher costs. Tabcorp (ASX:TAH) profit up 100% on digital lotteries growth.