As we have previously written, investors need to keep an eye on company announcements for further clarity on near-term impact from COVID-19 as Feb-20 updates/commentary were largely redundant by the end of February. In this regard, we have been keeping up with the recent ASX company announcements across a diverse range of companies to get
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Following last night’s national address by Prime Minister Scott Morrison, introducing an overseas travel ban, Virgin Australia (ASX: VAH) has made the difficult decision to ground 125 of its aircraft and stand down 80 per cent of its workforce. The move follows a similar one employed by Qantas (ASX: QAN) however, Virgin’s greater reliance on
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I don’t want to downplay the seriousness of the coronavirus know as COVID-19, nor suggest that the economic impact won’t be severe. However, there is plenty of negative and sensational media you can consume around the virus and instead, I choose to write about some of the positives. They say that conflict breeds innovation, that
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Due to the recent coronavirus pandemic sweeping the globe, James Hall reports that the Australian dollar has just hit a record low of 55 US cents – its lowest value in 18 years. In addition, the emergency interest rate was reduced to 0.25 percent by the Reserve Bank of Australia (RBA), which was a pending decision previously
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Professional athletes may soon have a new treatment for knee osteoarthritis after Paradigm Biopharmaceuticals (ASX: PAR) received glowing endorsements from two former NFL players undergoing the current round of Zilosul® treatment trials. The trials of Zilosul® have been conducted on ten patients suffering from varying degrees of knee osteoarthritis under the Food and Drug Administration’s
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It will be school holidays like none before with the coronavirus national emergency prompting Ardent Leisure (ASX: ALG) to shut their theme parks which include Dreamworld and Whitewater World. The decision comes after Ardent had endured significantly difficult trading conditions prior to the global outbreak of COVID-19 following the death of four patrons in 2016
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