Sumary of As it happened: Vaccine blues take edge off barnstorming ASX:
- Australian takeover laws state that a company can’t own more than 20 per cent of another without making an official takeover bid..
- In September the $7.3 billion Boral announced sweeping board changes, including the appointment of Seven Group chief executive Ryan Stokes (son of Kerry) and chief financial officer Richard Richards..
- The Federal government on Thursday night decided to make Pfizer the preferred coronavirus vaccine for people aged under 50 after medical experts expressed concerns about rare blood clots potentially linked to the AstraZeneca vaccine..
- When asked this afternoon whether he could give people certainty that all adult Australians would have at least one dose by Christmas, the Prime Minister said he wasn’t in a position yet to be able to do that..
- EML Payments is up 17 per cent for the week after it earlier announced it was entering the European open banking market..
- The Rupert Murdoch-controlled firm earlier announced it was increasing its senior notes offering by more than $300 million, meaning it is now seeking to raise $1.3 billion in debt from the private market for potential acquisitions..
- The Reserve Bank has warned banks against cutting lending standards as prices of assets including houses are pushed higher by cheap debt, saying this could leave households and the financial system more vulnerable to future shocks..
- Despite the warning, however, the central bank says Australian banks’ lending standards remain prudent and the looming rise in bad debts and insolvencies will be much more modest than feared last year..
- The RBA Financial Stability Review on Friday reinforced its recent commentary that it is closely watching the surging property market, but it does not believe banks’ credit standards have slipped…