The S&P/ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) went down 0.51% on Monday.
Australian Dollar ($A) (AUDUSD): 70.89US cents
Dow Jones (DJI): down 0.92%
Oil (WTI): $US56.51 per barrel
Gold: $US1,287 per ounce
ASX Sharemarket News
In ASX sharemarket news, the Australian Securities and Investments Commission (ASIC) is getting closer to launching a legal case against Commonwealth Bank of Australia (ASX: CBA) and its Board members according to an article in the Australian Financial Review.
Despite already paying a $700 million civil penalty to AUSTRAC for its role in the money laundering scandal, ASIC thinks the bank and Board of CBA did not respond adequately nor did they provide the proper disclosures that they should have.
The current CBA Chairman and former CBA CEO are just some of the management that ASIC is interviewing to see if it has a case against the major bank.
A member of the CBA media team said: “CBA continues to engage with ASIC regarding a number of matters and responds to requests made by the regulator. We won’t be commenting on any individual matter.”
[ls_content_block id=”15758″ para=”paragraphs”]
Crown Resorts Ltd (ASX: CWN) is another business facing public attention after its attempt to extend the construction commencement date of One Queensbridge has been informally denied by the Victorian Government. A formal notice is expected shortly.
The casino complex company said that a lack of reaching suitable financing arrangements was the reason why it hadn’t started construction yet, although it still owns 50% of the land along with its developer partner.
Popular Stories:
- ASIC Could Soon Sue Commonwealth Bank (ASX:CBA), Is The CBA Share Price A Buy?
- Insurance Australia Group (ASX:IAG) Shares – If It’s Good Enough For Warren!
- Did The Royal Commission Save House Prices In February 2019?
- Afterpay (ASX:APT) Share Price Drops On HY19 Report, Is It A Buy?
Metlifecare Limited (ASX: MEQ), one of New Zealand’s largest aged care operators, has reported its half year result this morning.
The company reported a 15% increase of underlying profit before tax to NZ$41.7 million and a 15% increase of the dividend to 3.75 cents per share. However, the reported net profit after tax declined 57% to $24.5 million due to a much smaller movement of valuations this half year.
[ls_content_block id=”14946″ para=”paragraphs”]
