Category: asx

The Face of Investors Is Changing, More Millennials Participating: CBA Study

December 3, 2021
asxAustraliaaustralian property marketCommonwealth Bank of AustraliaInvestmentmillennialsShare MarketsWorld
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New research found that the COVID-19 pandemic accelerated the trend of millennials becoming self-directed investors, with the most favoured investments being property and shares. The Commonwealth Bank of Australia (CBA) conducted a study of 1,000 people during April 2021 and revealed 43 percent of millennials in the group were investing with the intention to create…

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Sydney Airport Agrees to $23 Billion Takeover Deal

November 8, 2021
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Sydney Airport, Australia’s biggest and busiest airport, could soon change hands, thanks to the huge losses brought by the COVID-19 pandemic and border closures. The airport has accepted an AU$23.6 billion (US$ 17.5 billion) bid with an international consortium, which plans to buy 100 percent shares of the Airport, according to an announcement to the…

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Twitter CEO Buys Australian ‘Buy Now, Pay Later’ Afterpay for $39bn

August 2, 2021
afterpayasxAustraliabuy now pay laterInternationalJack DorseyShare marketTechTech NewsUSUS NewsWorld
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Twitter co-founder and CEO Jack Dorsey’s digital payments platform, Square, announced on Monday that it entered a $39 billion (US$29 bn) agreement to acquire one of Australia’s leading buy-now-pay-later (BNPL) companies, Afterpay. “Square and Afterpay have a shared purpose,” Square CEO Jack Dorsey said in a joint statement. “We built our business to make the financial…

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