Category: asx

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

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…


Sydney Airport Agrees to $23 Billion Takeover Deal

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…


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

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…