- The ASX200 is trading 0.27% lower at 7510 after lunchtime.
- PayPal acquires Japanese unicorn Paidy for US$2.7bn.
- Woolworths share price on watch after detailing sustainable bond issue.
The Australian market is trading lower again today, down 0.27% at 7510 after lunchtime as a sell off in gold mining stocks weigh on the key index.
The tech sector is trading more than 1% lower today as EML Payments tumbles more than 4% while Altium is trading 3.7% lower and Megaport is down more than 3.5%.
Bitcoin continues to plummet this afternoon, trading 11.11% lower over the last 24-hours at US$46,962.22 at 1:15pm AEST.
Payments company PayPal has announced its intention to acquire Japan-based unicorn buy now, pay later provider, Paidy, for US$2.7bn. Paidy offers buy now, pay later services that does not require a credit card and is one of just a few unlisted startups in Japan that has a market cap over US$1bn. The acquisition will place PayPal as a direct competitor to Square following its Afterpay acquisition.
Making headlines, Woolworths share price is on watch today as the grocery giant announced its plans to issue sustainable bonds. The grocery giant is looking to raise 500 million Euros or $798 million through a bond issue linked to emissions targets. The sustainable bond issue will be targeted to Europe, the region way ahead of others when it comes to global warming and climate change action.
And robots are being employed at Latin restaurants in Texas after eateries around the state struggle to find employees. The robots are able to take orders and even sign ?Happy Birthday? to attendees celebrating at the restaurant.