ASX up, miners boost the market

  • 📰 abcnews
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 83%

Business News News

Business Business Latest News,Business Business Headlines

Australian shares are trading higher as mining stocks boost the market. Meanwhile, Telstra takes over a South Pacific telco and Origin Energy cops a $5 million fine.

The Australian share market opened higher on MondayIron ore up $US2.85 or 2.4 per cent to $US120.35 a tonne

Kogan was down 4.2 per cent, Aurizon lost 2.4 per cent, Appen fell 2.7 per cent, St Barbara lost 2.2 per cent and Afterpay was down 2.1 per cent.Telstra deal mostly funded by the federal government Origin Energy has been fined $5 million for charging exit fees to more than 20,000 gas and electricity small business customers.

The regulator said Origin was aware that exit fees had been banned in Victoria but continued to charge customers.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Personal debts at at 20 year low.They either put in ASX or properties ,with the latter at all time high beyond average Aussie reach. Inflation? Aus Banks are flushed with loan repayment excess cash, what credit squeeze? Maybe mid 2023 perhaps

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ross Greenwood assesses the big market moves from this week
Source: SkyNewsAust - 🏆 7. / 78 Read more »