The age-old notion of Australians betting on anything that crawls has been supported by the behaviour of sports punters during the virus lockdown that has stymied most professional sporting events. Undeterred by the lack of football, tennis and cricket, gamblers have discovered the joy of offshore table tennis tournaments and obscure European second tier soccer
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Figures show that the budget deficit is currently running at $44 billion per annum. As the handouts kicked in, the monthly deficit for April 2020 was $13 billion, with the expectation that there will be similar deficits until September. The Australian Government publishes “Commonwealth Monthly Financial Statements” that allows us to track rolling 12 months budget surplus/deficit
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Australian clean energy company Infigen Energy (ASX: IFN) shares have soared this morning on news of a takeover bid by investment firm UAC Energy, a subsidiary of AC Energy which is wholly owned by Philippines energy conglomerate Ayala Corporation. The intended takeover bid sees UAC seek to acquire all outstanding shares in Infigen for $0.80
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Since being purchased by and integrated into Novatti Group (ASX: NOV) in April, Emersion Software Systems has thrived in the digital payments market through COVID-19 with uptake of their cloud hosted billing and payments platform exceeding expectations. The smooth transition into Novatti Group has been aided by Novatti’s decision to continue operating Emersion as an
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A website editing mishap has led to a landmark lawsuit with nickel and gold explorer Indiana Resources (ASX: IDA) having now secured USD $4.65m litigation funding to advance its claims against the Tanzania Government for international law and obligation breaches. Upon news of Indiana’s intention to file a suit, various legal financiers expressed interest in
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The U.S. Fed’s unprecedented market interventions was recently on display. If you are trying to work out why there is such a difference between Main Street and Wall Street, the example below may provide some clues. As of 12 May 2020, the U.S. Fed has started to purchase ETFs as part of its emergency program
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