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KEEPING EVERYONE SAFE
The safety of our employees and clients is something that we care deeply about. While the extent of COVID-19 is still unknown, our plans have the necessary flexibility to evolve as the situation requires.
As a result, Sharenet will unfortunately not be accommodating client meetings at a branch level, for the forceable future. As soon as the situation changes, we will advise you, our valuable clients accordingly.
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Sharenet remains fully operational and should you experience any technical difficulty, rest assured that our superior support staff is ready to assist with any technical queries and can be reached on:
31/03 South Africa's Woolworths Holdings has temporarily closed all Country Road Group stores in Australia for four weeks and would stand down 5,000 employees there who will not be paid during the period, in a bid to restrict the spread of the coronavirus.
07h33 Major Australian banks can weather a
substantial rise in credit losses triggered by the coronavirus
outbreak while credit ratings of most banks in the country are
not at risk of a downgrade, ratings agency. . .
05h05 Australia's central bank was
worried about the potential for a "very material contraction" in
economic activity when it unveiled quantitative easing in an
emergency meeting last month, minutes released on Wednesday
showed.. . .
04h59 Australian authorities opened a
pop-up coronavirus testing clinic at Sydney's Bondi Beach on
Wednesday, as the country's central bank warned the economic
fallout from the pandemic could last for more than a year.. . .
04h40 Australian shares kicked off the new
quarter in positive fashion by rising 3% on Wednesday, as
investors hoped unprecedented stimulus unleashed by governments
and central banks around the world would soften the coronavirus'
devastating economic. . .
31/03 Australian shares are likely to open
higher on Wednesday in a start to a new quarter as a slowdown in
new coronavirus cases is expected to lend support to investor
sentiment, while higher iron. . .
31/03 Asian stocks fell sharply in March and
were on track to post their biggest monthly drop since October
2008 on fears that corporate earnings could be hit due to
lockdowns enforced by several nations. . .
31/03 Australian shares closed 2% lower on
Tuesday, recording their worst monthly performance ever, as
worries of a recession due to coronavirus-led lockdowns
outweighed large fiscal support measures announced by the
country.. . .
31/03 Australia's coveted "AAA"
sovereign rating faces growing risks from ballooning debt as the
government ramps up spending to support an economy on the brink
of its first recession in three decades.. . .
31/03 Rio Tinto Ltd
will close one of the aluminium production lines at its
smelter in Tiwai, New Zealand, to comply with government
restrictions to contain the coronavirus, its New Zealand's
Aluminium Smelters (NZAS) venture. . .
31/03 Australian shares extended gains on
Tuesday, helped by quarter-end balancing and on measures to slow
the spread of the coronavirus outbreak and contain its economic
impact, but the benchmark index was poised for its. . .
31/03 Virgin Australia Holdings Ltd
is seeking a government loan of A$1.4 billion ($863.38
million) to help it weather the coronavirus crisis, a person
with knowledge of the matter said on Tuesday.. . .
30/03 Australian shares are likely to open
higher on Tuesday, tracking gains on Wall Street, with the $80
billion wages subsidy stimulus package announced on Monday
expected to continue to lift investor sentiment amid the
coronavirus. . .
30/03 Australia will spend A$130
billion ($79.85 billion) to subsidise the wages of an estimated
6 million people, marking a third tranche of stimulus designed
to limit the fallout of the coronavirus pandemic on the
country's. . .
30/03 Anglo American Platinum
said on Monday it had declared force majeure on certain supplier
contracts not considered essential as the bulk of its South
African operations are temporally shut to comply with a
three-week national. . .
30/03 Australian shares rose 7% on Monday in
their biggest single-day jump in history, as a stimulus package
to invigorate the coronavirus-hit economy and a slowdown in the
rate of daily infections spurred buying.. . .
30/03 Australian pension funds unable
to return part of their A$3 trillion savings to unemployed
workers and to those in financial distress should expect to have
their risk-management frameworks scrutinised by the regulator, a
government official. . .
30/03 Australia faces a 10% economic
contraction in the March quarter as shockwaves from the
coronavirus pandemic rip through the economy, the head of the
Commonwealth Bank of Australia, the country's largest
lender, warned on Monday.. . .
30/03 Australian shares rose on Monday after
a sharp drop in the previous session, driven by the healthcare
and financial sectors, while fears of a deep recession due to
the coronavirus outbreak continued to weigh. . .
27/03 Australia's Myer Holdings
said on Friday it will shut all its stores for four
weeks and temporarily shed 10,000 employees, as the spread of
coronavirus leaves much of the country confined to their homes.. . .
27/03 Australia's iron ore giants
are looking to reduce the threat to their operations from a
coronavirus pandemic, by pushing workers to spend weeks on site
away from families and relocate from the eastern seaboard,
company. . .
27/03 Australian shares slipped more than 5%
on Friday, but managed to clock a marginal weekly gain, as
sweeping quarantine rules to curb the spread of the coronavirus
intensified fears of a deeper economic fallout. . .
27/03 Australian shares fell on Friday as
investors booked profits amid rising coronavirus cases at home,
but the index was set for its best weekly gain since 2011 as
policymakers launched a raft of. . .
27/03 Woodside Petroleum
halved its forecast spending for 2020 and deferred
go-ahead decisions for its two biggest gas projects to ride out
the pain of the coronavirus pandemic and plunging oil prices.. . .
26/03 Australian shares were set to open
higher on Friday, tracking Wall Street peers, as investors
focused on the passage of a massive coronavirus relief bill in
the U.S. Senate and the possibility of more. . .
26/03 Aveng will stop mining activities at its South African sites during a 21-day lockdown over the coronavirus crisis, while some of its operations in New Zealand have stopped temporarily, the construction. . .
26/03 Asia's seaborne
coal market is increasingly diverging between higher-quality
Australian coal, where prices are holding up despite the
economic shock being caused by the coronavirus, and
lower-quality Indonesian fuel, which is losing ground.. . .
26/03 Rio Tinto
said on Thursday it had found several cases where Australia's
biggest mining industry body advocated for thermal coal in
contravention of 2015 Paris climate goals, as it released a
review of its membership. . .
26/03 Australian shares settled higher for a
third straight session on Thursday, as investor sentiment was
lifted by the U.S. Senate passing a massive stimulus package to
mitigate the economic blow from the coronavirus epidemic. . .
26/03 The Reserve Bank of Australia
(RBA) on Thursday proposed to buy A$3 billion ($1.8 billion) in
sovereign government bonds as part of its quantitative easing
programme to keep short-term yields around the cash rate. . .
25/03 Australian shares are poised to open
higher on Thursday as the U.S. Senate neared a vote to clear a
massive economic aid package aimed at mitigating the fallout
from the coronavirus pandemic.. . .
25/03 Australian shares jumped 5% on
Wednesday, ending just short of the 5,000 mark, fuelled by a
bout of last-minute buying after the U.S. government agreed on a
massive stimulus package to mitigate the impact. . .
25/03 Australia's central bank
stepped into the semi-government bond market for the first time
since launching its quantitative easing programme to combat the
coronavirus pandemic as state revenues deteriorate sharply.. . .
25/03 Australian shares rose sharply on
Wednesday, tracking Wall Street gains on hopes U.S. lawmakers
were moving closer to passing a massive stimulus package to curb
the coronavirus outbreak's economic impact.. . .
25/03 Star Entertainment Group Ltd
said on Wednesday 90% of its 9,000 staff will be asked to stand
down temporarily with two weeks paid "pandemic leave" due to
casino closures mandated by the Australian government. . .
25/03 Qantas Airways Ltd
said on Wednesday it had secured A$1.05 billion ($628 million)
of funding against its aircraft fleet to help strengthen its
financial position as it grapples with a plunge in demand due. . .
25/03 Australia's central bank has
suspended the media lock-up arrangement at its Sydney head
office until further notice, it said on Wednesday amid
restrictions on large gatherings due to the coronavirus
pandemic.. . .
24/03 Virgin Australia Holdings Ltd
said on Wednesday it was cutting 90% of its domestic
capacity, temporarily grounding 125 aircraft, and putting 80% of
its employees on leave until at least the end of May. . .
24/03 Australia's pension funds are
slashing the values of their unlisted infrastructure and
property investments, as countries around the world move into
lockdown to combat the spread of the coronavirus pandemic.. . .
24/03 Australian shares jumped more than 4%
on Tuesday, bouncing back from sharp falls in the previous
session as investors cheered massive support measures from the
U.S. Federal Reserve to temper the economic damage from. . .
24/03 Australia's central bank
injected A$6.9 billion ($4.1 billion) into the financial system
on Tuesday and bought A$4 billion in bonds as economists
predicted a spike in unemployment and the worst recession in the
country's history. . .
24/03 Australian shares rose on Tuesday,
regaining some of the sharp losses from the previous session, as
a pledge by the U.S. Federal Reserve to spend whatever it took
to stabilise the financial system lifted. . .
24/03 New Zealand said on Tuesday
that retail banks will offer a six-month principal and interest
payment holiday for mortgage holders and small business
customers whose incomes have been affected by the economic
disruption from COVID-19.. . .
24/03 Fuel supplier Viva Energy Ltd
said on Tuesday it expects jet fuel demand to plunge by up to
90% as airlines ground flights due to travel restrictions
imposed to arrest the coronavirus' spread.. . .
24/03 Australian coal producer New
Hope Corp said on Tuesday that attributable profit
after tax fell 46% in the first half as it flagged slimmer
second-half profits on the back of weaker coal prices and. . .
23/03 Australian shares are set to open
slightly higher on Tuesday as an aggressive credit boost by the
Federal Reserve added to a worldwide effort to fight the
coronavirus pandemic that could push the global. . .
23/03 Australia's A$3
trillion ($1.72 trillion) pension industry was not consulted on
the federal government's decision to allow the unemployed and
sole traders early access to retirement savings and is now in
urgent talks about the. . .
23/03 Australian shares slumped to their
lowest close in more than seven years on Monday as widespread
curbs on travel and public life fed recession fears,
overshadowing policy efforts against the coronavirus pandemic.. . .
23/03 Australia's property market is
on the verge of another downturn as new social distancing
measures to stop the spread of the coronavirus threaten to
scuttle auction activity, data showed on Monday.. . .
23/03 Australian shares slumped more than 8%
on Monday in thin volumes as new government stimulus against a
coronavirus-induced slowdown did little to soothe recession
fears deepened by strict new measures to contain the outbreak.. . .
23/03 Australia's banking watchdog on
Monday said lenders must account for possible loss from the loan
repayment holidays they offered borrowers affected by the
coronavirus last week, to ensure banks keep stakeholders
informed of action taken. . .
23/03 Australia's prudential
regulator will announce plans shortly to reduce the regulatory
burden facing financial institutions already battling the hit
from the coronavirus pandemic, the Council Of Financial
Regulators (CFR) said on Monday.. . .
23/03 Rare earths producer Lynas Corp
said on Monday it closed its processing plant in
Malaysia temporarily after the government introduced strict
measures to curtail the spread of the coronavirus.. . .
22/03 SkyCity Entertainment Group
said on Monday it would shut its casino in Adelaide in line
with an Australian government order and was preparing for the
likely closure of properties in New Zealand to. . .
22/03 Australian shares are expected to open
lower on Monday as the widespread closure of venues across the
country offset new fiscal stimulus from the government to stem a
Australia. . .
22/03 The Reserve Bank of New
Zealand (RBNZ) said on Monday it would start buying up to NZ$30
billion ($17 billion) worth of government bonds, following other
central banks' moves to offset the impact of. . .
22/03 Tianqi Lithium Corp
, one of the world's biggest lithium producers, said
on Sunday it had postponed commissioning of the first phase of
its flagship Australian processing plant due to rising liquidity
problems after the. . .
22/03 Australia ordered
pubs, cinemas, churches and casinos to close and two more states
said on Sunday they would shut their borders, while the
government pledged an extra A$66.4 billion ($38.50 billion) to
combat the impact. . .
20/03 Australia's central bank bought
A$5 billion ($2.87 billion) in local government bonds on Friday,
in the first round of its unlimited quantitative easing
programme as it looks to cushion the economic shock from the
coronavirus. . .
20/03 Australia's benchmark stock index
marked its worst week since the 2008 global financial crisis,
but settled higher on Friday as hopes of a second round of
government stimulus offered a measure of relief to. . .
20/03 Australian shares rose on Friday after
a 10% slump over the past two sessions as the government
signalled a second round of stimulus spending, furthering a
worldwide effort to fight the coronavirus pandemic that. . .
20/03 New Zealand authorities
increased financial aid for markets and bailed out the national
airline on Friday, strengthening its efforts to prevent the
economy from sinking into recession because of the coronavirus
outbreak.. . .
20/03 Australia's Sonic Healthcare Ltd
recalled its full-year earnings outlook on Friday as it
expects lab testing volumes to take a hit from a growing number
of people self-isolating themselves to curb the spread of. . .
19/03 Australian shares are likely to open
higher on Friday after shedding nearly 10% over the past two
sessions, as investors pin hopes on measures by global central
banks to stem the coronavirus-driven economic damage.. . .
19/03 Australia's prudential
regulator on Thursday loosened its capital requirements to
enable banks to lend more freely, backing the government's
efforts to stave off a recession amid the coronavirus outbreak.. . .
19/03 Australia made a historic foray
into quantitative easing on Thursday and said it would do
"whatever is necessary" to ensure funding costs are low and
credit is freely available as the coronavirus pandemic jolts
businesses.. . .
19/03 Australian shares closed 3% lower at a
more than four-year low on Thursday, as an emergency stimulus
package by the country's central bank failed to ease worries
about the coronavirus' economic blow.. . .
19/03 Australia's central bank will
do whatever is necessary to make sure credit is freely available
and that yield on three-year government bonds stays at its newly
set target of 0.25%, Governor Philip Lowe said. . .
19/03 Commonwealth Bank of Australia
will cut interest rates for small business and household
customers, after the central bank's second rate cut this month
to battle a coronavirus outbreak, the lender said on Thursday.. . .
19/03 Australian shares gave up early gains
to hit a four-year low on Thursday as investors turned their
focus to a key central bank policy meeting amid rising fears of
a coronavirus-induced recession.. . .
19/03 Australia's unemployment rate
surprisingly slipped in February though risks are surging as
travel restrictions and lockdowns related to the coronavirus
pandemic threatened to push the economy into recession.. . .
19/03 The Reserve Bank of Australia
(RBA) used its daily money market operation to pump a record
A$12.7 billion ($7.37 billion) into the banking system on
Thursday, aiming to ease liquidity constraints in a stressed
bond. . .
19/03 Mitsubishi UFJ Financial Group
(MUFG) sold off its $85 million loan to Glencore's
Wiggins Island Coal Export Terminal (WICET) in Australia to a
hedge fund on Wednesday at about 52 cents on the dollar,. . .
18/03 Qantas Airways Ltd
said on Thursday it would halt all international flights from
late March until at least the end of May and stand down the
majority of its 30,000 employees during that period. . .
18/03 Australian shares are set to drop on
Thursday as concerns about a coronavirus-induced recession are
likely to eclipse supportive measures anticipated to be
announced later by the country's central bank.
Markets. . .
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