Month: March 2021

FINSOC Weekly Wraps Vol.07

– The JobKeeper wage subsidy ($93 billion) has ended today on 28th March – The RBA is pushing for an unemployment rate of 3-4% in order for wages growth to increase and inflation to return to the 2-3% target. – Blackstone has offered a takeover bid to acquire Crown Resorts at $11.85 per share. – International: There are talks of a potential acquisition of Discord by Microsoft for more than $10 billion USD – This week’s company spotlight examines Fortescue Metals Group Limited and its expansion throughout the COVID-19 pandemic.

FINSOC Weekly Wraps Vol.06

– The government has announced to invest an additional $1.1 billion to extend Australia’s covid-19 health response- The RBA has raised concerns on house prices following the major cut in interest rates- Leaders of the US, Australia, India and Japan agreed to send 1 billion coronavirus vaccines to Asian and Pacific Island countries – This week’s company spotlight looks into AMP Limited and its performance over the last year- General Electric agreed to sell its jet-leasing business to rival AerCap Holdings