As the world continues to face challenges in dealing with the Coronavirus (COVID-19) pandemic, we are taking steps to provide some safety measures to our clients and staff.
Given the wide-ranging impact of the pandemic and in line with advice from government and the World Health Organisation (WHO), limiting unnecessary human contact is an invaluable precaution. We therefore strongly encourage you to use our suite of digital tools and trading platforms for your financial needs. Digital platforms provide an efficient, fast, safe and nearly instantaneous solution to many, if not all your investing requirements, away from public spaces.
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.
The widespread concern around COVID-19 creates the perfect opportunity for cybercriminals to defraud customers. To ensure protection against targeted ransomware and Malware attacks, remember to install the latest version of a Multi-layered Antivirus program and never share your account details online or via email.
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:
07/07 Australian shares gave up early gains to
close flat on Tuesday, as fresh restrictions to contain a spike
in coronavirus cases in the country's second-largest state
dented investor confidence.. . .
07/07 Australia's central bank held its
cash rate at an all-time low on Tuesday, in a widely expected
decision, and said it will help buttress the economic recovery
by maintaining its accommodative approach for "as. . .
07/07 Australia's second most populous
state of Victoria will reimpose stay-at-home restrictions in
metropolitan Melbourne and one regional area of the state,
Premier Daniel Andrews said, after a record daily rise in
coronavirus infections.. . .
07/07 Australian shares climbed on Tuesday
ahead of the central bank meeting, as a survey showing a
resurgent U.S. services industry and hopes of a rebound in
China's economy lifted investor sentiment.. . .
06/07 Australian shares closed lower on Monday,
snapping four straight sessions of gains, as a spike in domestic
cases of the novel coronavirus forced fresh restrictions and
renewed fears of further economic pain.. . .
06/07 The valuation of Asian shares surged to a
10-1/2-year high in June, tracking a rally in global stocks, as
upbeat U.S. and China data renewed hopes of a swift economic
recovery, offsetting concerns over. . .
06/07 Virgin Australia Holdings Ltd
bondholders have applied to the Takeovers Panel for
approval to allow them to make an alternative proposal to
creditors for the sale of the airline to private equity group
Bain Capital,. . .
06/07 Australian shares inched lower on Monday
as a spike in COVID-19 cases both locally and globally dented
investor sentiment, a day before the central bank meets to
decide on its monetary policy.. . .
05/07 Bali conducted
mass prayers on Sunday as the Indonesian resort island prepares
to reopen to tourists shut out due to the COVID-19 pandemic.
More than a thousand people attended a prayer at Besakih
Hindu temple. . .
03/07 Some of Australia's biggest companies
have been caught up in underpayment scandals, prompting the
federal government to say it would introduce tougher laws that
criminalise what it called "wage theft" and ban executives from
being. . .
03/07 Australian shares rose on Friday, on
track for a fourth straight session of gains, after a record
surge in U.S. payrolls for June raised hopes that a recovery
from the coronavirus-led economic downturn was. . .
02/07 Australia's prudential regulator said on
Thursday said it has imposed new licensing conditions on the
pension units of Commonwealth Bank of Australia and
Suncorp Group following directions by a
government-ordered enquiry.. . .
02/07 Australian shares ended at their highest
level in three weeks on Thursday, led by financials and
technology stocks, as positive developments in a COVID-19
vaccine trial and optimism about fresh stimulus raised hopes of
a. . .
02/07 A coronavirus-driven collapse
in fuel demand is threatening Australia's oil refining industry,
just as supply chain disruptions wrought by the pandemic have
focused the government on the need to shore up fuel security.. . .
02/07 Analysts have sharply upgraded
forecasts for the Australian and New Zealand dollars in the
latest Reuters poll, rushing to match their meteoric rally as
investors wagered heavily on global economic reopening even as
the coronavirus. . .
02/07 Australian shares were higher on
Thursday, taking cues from a robust Wall Street session
overnight on promising results from a coronavirus vaccine trial,
and on encouraging data from top economy United States and
largest trading. . .
01/07 The Perth Mint's sales of gold products
fell 30% to its lowest in four months in June as the coronavirus
crisis weakened demand for jewellery, coins and minted bars,
even though investors in international. . .
01/07 Australian shares started the financial
year on a positive note as investors pinned hopes on fresh
stimulus measures, though concerns about further lockdown
restrictions in the country's second-most populous state capped
gains on Wednesday.. . .
01/07 Australian shares traded higher on
Wednesday, boosted by hopes for further stimulus measures to
prop up a pandemic-hit economy, although gains were capped by
fears of a second wave of coronavirus infections.. . .
01/07 Insurer Suncorp Group Ltd on
Wednesday forecast higher natural hazard costs for the year
through June 2021 than a year earlier when bushfires ravaged
Australia, and said the COVID-19 pandemic was likely neutral for
earnings. . .
01/07 Australian home prices slipped
for a second month in June as coronavirus lockdowns and rising
unemployment cooled a once red-hot market, though a sharp
rebound in sales was a positive for economic activity.. . .
30/06 Seaborne coal
prices in Asia have plunged to the lowest in more than a decade
as shipments to the region's top importers, especially India,
have come under pressure in the midst of the coronavirus-led
economic. . .
30/06 Australian shares rose on Tuesday after
the country's central bank played up prospects of fresh stimulus
and as employment continues to recover from the lockdown,
although a spike in COVID-19 cases globally and at. . .
30/06 Australia's economy will need
"considerable" support for some time, Reserve Bank of Australia
Deputy Governor Guy Debelle said on Tuesday, adding it would be
a "problem" if the government ended fiscal stimulus in September
as. . .
30/06 Arnott's, maker of Tim
Tam biscuits and other snacks, is shedding about 50 staff, a
representative told Reuters, the first such cuts since U.S.
private equity firm KKR & Co Inc bought one of
Australia's. . .
30/06 An end to the COVID-19 driven
fiscal stimulus by September, as initially flagged by the
government, would be a "problem", Reserve Bank Of Australia
Deputy Governor Guy Debelle said on Tuesday.. . .
30/06 Australian shares rebounded on Tuesday,
tracking overnight gains on Wall Street amid hopes of further
stimulus from the U.S. Federal Reserve to counter the
coronavirus-led economic downturn, even as new cases pile up
worldwide.. . .
30/06 The Reserve Bank of New
Zealand (RBNZ) has reaffirmed its guidance on keeping interest
rates unchanged until March next year and is not expected to
review this guidance, the bank's chief economist said on
Tuesday.. . .
29/06 Australian shares kicked off the week on
a lacklustre note to close 1.5% lower on Monday, with financials
and energy stocks leading the declines, as a global upsurge in
COVID-19 infections sent traders towards. . .
29/06 Australia's second most populous
state said on Monday it is considering reimposing social
distancing restrictions after the country reported its biggest
one-day rise in new coronavirus infections in more than two
months.. . .
29/06 The new boss of Australia's
Ampol Ltd, Australia's biggest fuel supplier, sees
opportunities for the company to grow coming out of the
coronavirus pandemic, potentially through acquisitions, while it
weighs when to reopen its lone. . .
29/06 Regional Express Holdings Ltd
(Rex) said on Monday its board had approved plans to
raise at least A$30 million ($20.57 million) to launch jet
services that would compete against Qantas Airways Ltd
and Virgin. . .
29/06 Australian shares are likely to open
lower on Monday amid the rise of novel coronavirus cases at home
and abroad, and the prospect of continued economic pain as
virus-led restrictions are renewed.. . .
26/06 New Zealand's tourism
industry is suffering, Prime Minister Jacinda Ardern said on
Friday as she launched the ski season in the absence of foreign
visitors, who are being kept out to keep the novel. . .
26/06 Qantas Airways Ltd successfully
completed a discounted A$1.36 billion ($940 million) share
placement to institutional investors on Friday, before its
shares dropped to a one-month low as they resumed trading.. . .
26/06 U.S. private equity group Bain
Capital has been selected as the preferred bidder for Virgin
Australia Holdings Ltd, the airline's administrator
said on Friday without disclosing the terms of the deal.. . .
25/06 A company owned by Australian
universities said on Thursday it was raising cash by selling
down its stake of a listed business that finds placements for
foreign students, a sign of pressure on the. . .
24/06 The world's largest
mining company BHP Group has hired Macquarie
Bank and JP Morgan to sell its Australian thermal coal mine,
three sources said, as miners face increasing pressure to reduce
their exposure to. . .
24/06 Virgin Australia Holdings Ltd
bondholders lodged a last-ditch recapitalisation
proposal for the struggling airline on Wednesday, seeking to
recoup more of their investment and stop its sale to a U.S.
private equity firm.. . .
24/06 Gold and healthcare stocks helped
Australian shares eke out another session of gains on Wednesday,
as investors remained cautiously optimistic about hopes of an
economic recovery even as coronavirus cases continue to rise.. . .
24/06 New Zealand's central bank
kept rates unchanged on Wednesday and maintained its pace of
quantitative easing, but struck a dovish tone by flagging it was
ready to ease policy to restore an economy hit. . .
24/06 Australian shares rose on Wednesday,
tracking a stronger Wall Street, as hopes for a quick economic
recovery persisted following an improvement in data from the
United States and an upbeat commentary from domestic regulators.. . .
23/06 The world's largest
mining company BHP Group has hired U.S.
investment bank JP Morgan to sell its Australian thermal coal
mine, following pressure from investors concerned about global
warming, two sources said.. . .
mining lobby group, the Minerals Council of Australia, long
derided by environmentalists as coal-loving dinosaurs, has
launched a climate action plan that is probably significant for
what it doesn't say than what it does.. . .
23/06 Moody's affirmed Australia's
coveted 'AAA' rating on Tuesday citing effective monetary policy
and solid financial buffers, differentiating itself from rivals
Standard & Poor's and Fitch who had cut their outlook on the
prized rating to. . .
23/06 Top Australian grocer
Woolworths Group Ltd revealed on Tuesday it had
underpaid staff at its pubs and liquor stores division and
forecast a decline in annual profit as a COVID-19 shutdown
hammered non-supermarket sales.. . .
23/06 Australian shares gained on Tuesday,
tracking Wall Street indexes that rose overnight on hopes of
more stimulus measures to combat a coronavirus-led economic
slump, while higher oil prices boosted energy stocks.. . .
22/06 Behind the boom in
China's steel production since March - and hopes for a quick
economic recovery - is a tale of two diverging sectors:
construction demand for infrastructure projects has been strong,
while manufacturing. . .
22/06 Australian shares are likely to open
lower on Monday as the rising number of coronavirus cases at
home and around the world diminish hopes of a quick recovery
from the pandemic-induced economic downturn.. . .
19/06 Australian shares pared sharp early
gains to settle a touch higher on Friday as worries about an
uptick in coronavirus cases in Beijing and several U.S. states
offset optimism stemming from a record. . .
19/06 Australian shares gained on Friday,
hitting a more than one-week high, helped by energy stocks that
tracked higher oil prices, although worries remained about a
second wave of COVID-19 infections around the world.
The S&P/ASX. . .
18/06 The International
Energy Agency (IEA) has laid out a compelling path on how
governments can use the recovery from the novel coronavirus
recession to switch to renewable energies and help meet global
climate change goals.. . .
18/06 Australian home prices are
expected to fall 7% over the next year largely due to the hit to
buyer confidence from the COVID-19 pandemic, the central bank
said in its baseline forecast for the. . .
18/06 Australian shares ended lower on
Thursday as the country's unemployment rate jumped to the
highest in about two decades, while a spike in fresh COVID-19
cases globally assuaged hopes of a quick economic rebound. . .
18/06 Chinese buyer enquiries for
Australian homes fell to their lowest in almost three years in
May, according to independent data, suggesting multi-billion
dollar housing demand could be another casualty of a diplomatic
spat between the. . .
18/06 Qantas Airways Ltd said
on Thursday it had cancelled most international flights until
late October after the Australian government indicated its
border closure because of the coronavirus was likely to extend
to 2021.. . .
18/06 Australian house prices will
decline this year and next as the damage from the coronavirus
pandemic's disruption to the economy lingers on, with demand
wilting on higher unemployment and lower immigration, a Reuters
poll showed.. . .
17/06 Strong government support in the
Australian securitisation market, one of the Asia-Pacific
region's largest after China, is underpinning a surge in
investor interest in mortgage-backed bonds at perceived bargain
prices.. . .
17/06 Australian shares advanced on Wednesday
as hopes for a swift global economic recovery rose after a
record jump in U.S. retail sales, although fears of a second
wave of coroanvirus cases capped gains.. . .
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