Crown push to open amid bid
Officials from the NSW regulator met with Crown Resorts on Monday as the James Packer-backed casino operator pushes to re-open its shuttered Sydney gaming floor.
Officials from the NSW regulator met with Crown Resorts on Monday as the James Packer-backed casino operator pushes to re-open its shuttered Sydney gaming floor.
ASX closes down 0.6%, Covid fears send travel stocks diving, AMP higher after $7bn fund win, Peet secures $1bn development site and Aussie dollar higher.
The regulator has flagged a string of new court actions after lobbing a legal case against MLC over alleged financial harm to more than 260,000 insurance customers.
Australian markets have closed 0.2 per cent higher amid stronger global shares with Crown Resorts gaining on a new offer.
Australia’s S&P/ASX 200 index stabilised despite further falls in banks, with Evolution up 9.7%, Telstra at a 4-year high, and Macquarie at a record. ANZ tips housing slowdown and CBA boosts Nick Scali stake.
ASX closed down 0.7%, sharply dragged by a massive selldown of CBA and other major bank losses. Wages grew modestly in October but ‘pockets of pressure’ exist.
Westpac has lifted its fixed rates for the third time in four weeks as the major banks retreat from record low lending rates.
The ASX 200 closed down 0.7 per cent at 7420.4 after hitting a 2-day low of 7403.5. This was after rising bond yields saw the US market stall earlier. Miners led broad-based falls, but trading volume was generally light.
ASX closes up 0.4 per cent. Healthcare stocks up 1.2% as a sector, Woodside lines up a Pluto stake sale, Elders and Incitec book profit.
Australia’s share market recovered strongly from Thursday’s fall on high US CPI data. The S&P/ASX 200 closed up 0.8 per cent to 7443.
Original URL: https://www.theaustralian.com.au/author/matt-bell/page/117