The S&P/ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) went up 0.69% on Wednesday.
Australian Dollar ($A) (AUDUSD): 70.94US cents
Dow Jones (DJI): up 0.58%
Oil (WTI): $US58.34 per barrel
Gold: $US1,309 per ounce
ASX Sharemarket News
In ASX sharemarket news, Commonwealth Bank of Australia (ASX: CBA) has provided an update regarding its wealth management and mortgage broking business.
Commonwealth Bank said that $1.46 billion has been spent or provisioned to address issues raised over recent years.
That $1.46 billion includes $610 million already paid to customers or provisioned for refunds, $650 million in program costs and internal process improvements relating to this work and $200 million for indemnity provision for wealth management-related issues and program costs.
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Myob Group Ltd (ASX: MYO) has announced that the independent expert, Grant Samuel & Associates, has concluded that the takeover offer by KKR is fair and reasonable and is in the best interests of shareholders.
Therefore, the MYOB Directors unanimously decided to recommend that MYOB shareholders should vote in favour of the proposal, assuming no other offers appear.
The vote on the proposal is scheduled to be held on 17 April 2019.
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Online seller-of-most-things Kogan.Com Ltd (ASX: KGN) has announced that it is launching Kogan marketplace, with more than 100,000 products now available to Kogan.Com customers.
Some of the household brands that will be participating are Microsoft, Breville, Lego, Fisher-Price, Paw Patrol, SodaStream, Gillette, Gucci and Phillips.
Lazar Monin, Director of Marketplace, said: “Our mission is to make the most in-demand products and services more affordable for all Australians.
“Retailers on the Kogan Marketplace Platform will get market-leading infrastructure and the ability to offer their goods to the Kogan Community.”
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