US markets were stronger in the month, with the Dow Jones up +1.69% and S&P500 up +1.84%, as investors looked past concerns over a second coronavirus wave and focused on reopening of economies, better-than-expected economic data and potential new stimulus measures. Long-dated US treasury yields were mixed, with the 2-Yr yield higher at 0.15% and
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Engineering and construction company Civmec (ASX: CVL) has been awarded a key contract at the Iron Bridge Project, Australia’s largest magnetite resource, owned by joint venture partners Fortescue Metals (ASX: FMG) and Formosa Steel. The contract will see Civmec’s Metals & Minerals division construct structural concrete components for the Project’s dry plant which will include
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We might not be allowed out due to COVID-19 restrictions but that won’t stop Australians from getting their beloved puffer jackets for Winter with Kathmandu Holdings (ASX: KMD) reporting online sales to be up 78% over the past six weeks. The business update comes as Katmandhu continues its gradual store re-openings where the global retailer
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Although COVID-19 led to shutdown of their leisure venues, ISA Group (ASX: IDZ) has capitalised on new interest in home entertainment options where their home delivered virtual reality (VR) games were so popular that they will extend the business beyond the pandemic. Whilst their VR business Freak Entertainment was forced to shut its Penrith, NSW
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After meeting with the FDA, biopharmaceuticals company Alterity Therapeutics (ASX: ATH) has confirmed Phase II clinical trial plans for their ATH434 compound in the treatment of Multiple System Atrophy (MSA), an incurable Parkinsonian disorder with no regulatory precedent. Due to the unique scenario where there are no accepted efficacy endpoints, guidance has been provided by
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“The Directors of Bougainville Copper Limited report that there has been no production since 15 May 1989” It is not the kind of statement that you expect from a company worth $100m and it’s not the kind of statement you expect to send that value eight percent higher. And yet on its release
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Revellers looking for a buzz will soon have additional access to super high strength beer in Australia with Gage Roads Brewing (ASX: GRB) having secured an exclusive distribution deal with San Miguel to import Red Horse beer (8%) and other brands. San Miguel is one of the world’s largest and oldest beer companies with distribution
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Australians that are struggling to get a good night sleep can now screen their likelihood of suffering from sleep apnoea with medtech company ResApp Health (ASX: RAP) having launched their clinically tested SleepCheck app on the iPhone App Store. By downloading the smartphone app, SleepCheck can record and analyse breaking and snorting sounds during sleep
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Digital payments and fintech company Novatti Group (ASX: NOV) is poised to make splashes globally having secured $10.2 million from institutional investors to accelerate their growth strategy as the world shifts towards a cashless economy, expedited by COVID-19. The funds come after a very strong few months of corporate activity at Novatti which include integrating
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As one of the unluckier IPO’s to have listed on the ASX right before the coronavirus pandemic hit, craft beer company Founders First (ASX: FFL) is set for a much more active FY21 having secured 2000 new distribution points for their beer portfolio. From August 2020, packaged craft beers within the Founders First portfolio will
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