The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) went down 1.90% on Friday.
Australian Dollar ($A) (AUDUSD): 70.82US cents
Dow Jones (DJI): down 1.77%
Oil (WTI): $US59.04 per barrel
Gold: $US1,313 per ounce
ASX Sharemarket News
In ASX sharemarket news, we have learned what the growth strategy is from new National Australia Bank Ltd (ASX: NAB) Philip Chronican, according to the Australian Financial Review.
The focus will be on a business banking growth strategy. It is apparently the largest in the country, and is growing well. However, he wants to accelerate the automation used by the bank to lower costs citing too much manual processing.
NAB is currently lending $3 billion a month to 250,000 SME customers, which is double the average of the other banks.
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New Zealand bank Heartland Group Holdings Limited (ASX: HGH) has announced it is considering a institutional and retail notes offer.
It could be unsecured, unsubordinated, medium term, fixed rate notes for a maturity of five years. It’s expected that full details of the offer will be released in the week beginning 1 April 2019 when the offer is anticipated to open.
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Think Childcare Ltd (ASX: TNK) shares have gone into a trading halt with the childcare operator confirming it is going to make an announcement about a capital raising to place shares with professional and sophisticated investors.
The trading halt will stay in place until the opening of trade on 27 March 2019.
The AFR’s Street Talk wrote that the childcare business wants to raise $18 million, perhaps at $1.58 each, for four more childcare centres across Western Australia. It will also use some of the funds raised to invest in its Nido Early School brand.
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