Australian market to dip as trade resumes

Australian market to dip as trade resumes

The Australian share market is expected to dip slightly when trade resumes for the week, but a significant sell-off which saw prices tumble on Friday is unlikely to be repeated. The futures market suggests the benchmark S&P/ASX200 will fall by a modest seven...
Australian market to dip as trade resumes

Reasons for optimism for Australian market

Signs of a flattening coronavirus curve in Australia and higher oil prices could bolster the local share market as it resumes trading although US futures were pointing to an overnight drop on Wall Street. The session after the Easter holiday is always difficult to...
Australian market to dip as trade resumes

Foxtel Australian Pay-TV slashes jobs

Australia’s pay-TV leader Foxtel has made 200 staff redundant, as it struggles to cope with the impact of coronavirus and the changing media landscape. It has also put 140 additional staff, mostly in its Fox Sports division, on leave until June. The company, 65...
Australian market to dip as trade resumes

Australian Country Road shops closed

South Africa’s Woolworths Holdings has closed all Country Road Group stores in Australia for four weeks and will stand down 5000 employees there who will not be paid during the period in a bid to restrict the spread of the coronavirus. After more than 4000 cases...