ASX live trading: shares to rise; China has room to boost debt in stimulus measures
Local shares open higher. TPG sells fibre, EGW assets to Vocus in blockbuster deal. Web Travel dives on update. New bosses at Lendlease, Pacific Smiles. BCA puts councils performing poorly on housing on chopping block.
Welcome to the Trading Day blog for Monday, October 14. The ASX 200 is up 0.7 per cent to 8270 points at 2.30pm AEST.
The Aussie dollar is trading around US67.28c.
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Originally published as ASX live trading: shares to rise; China has room to boost debt in stimulus measures
Major banks hit by outage
Westpac, St George and two regional banks have been hit by an outage affecting app access and online banking, with Aussies left unable to access their money.
‘Dodgy’ tax act costing Aussies $16 billion
The Australian Taxation Office has issued a fresh warning to Aussie businesses using cash as a way of tax evasion.