- ASX200 closed 4.9 points higher on Friday at 7063.5.
- Field Solutions surged 50% on $20m government funding news.
- Citigroup to shutdown operations in Australia and 12 other locations.
The Australian market closed just 4.9 points higher at 7063.5 on Friday setting a fresh 13-month high, with the gold miners leading the sessions? gains. The key index gained 0.98% for the week.
The tech sector finished the session higher boosted by notable gains for Altium, EML Payments and Nuix.
Bitcoin is trading at US$62,077.17 at 4:15pm AEST, 2.03% lower in the last 24-hours.
Australian rural, regional and remote telecommunications carrier Field Solutions surged 50% during trade today after sharing news that it had secured $20m worth of government funding to help deliver new networks in 5 states and territories currently lacking connectivity.
Making headlines, global bank Citigroup has today announced plans to close its Australian operations which will leave up to 1.8 million Aussies in limbo. The bank also advised it will close operations in 12 other locations including parts of Asia, Europe and Africa, saying it doesn?t have the scale to compete as a consumer bank in these markets.
And Spot the robo-dog by Boston Dynamics has been rolled out into the New York Police Department this week, already playing a role in the arrest of a man with a gun.