YANCOAL AUSTRALIA ORD
Weekly Wrap: Shares fall another 2.6% for the week as conflict worsens
ASX 200 slides 2.6% this week to 8,617 as Iran-Israel conflict lifts oil above $100; NST and SYR plunge, while EOS soars on a Middle East contract.
ATO report reveals almost one-third of large corporations paid no income tax
Almost one-third of large corporations including more than half of Australia’s major mining, energy and water companies paid no income tax for financial year 2021, according to new government research. The ninth corporate tax transparency report released this week by the Australian Taxation Office (ATO) has named and shamed 831 big businesses (or 31% of […]
Australia’s major banks settle class actions, Core Lithium’s shares surge and AGL board defeated
Three of Australia’s major banks have announced the settlement of separate class action lawsuits totalling $126 million with compensation and class action law firm Slater and Gordon. Slater and Gordon first took the banks to court two years ago over the sale of credit insurance products. The law firm filed the suits against the Commonwealth […]
Yancoal prepays US$1b of debt, Janus Henderson chair retires and Telstra suffers ‘data breach’
Australian coal miner Yancoal (ASX: YAL) has announced plans to prepay US$1 billion of debt, which is expected to provide a US$207 million reduction in finance costs over the loan period. Yancoal will fund the prepayment with available cash on 4 October. Funds will go towards the company’s syndicated facility and its unsecured related-party loans. […]