Monthly Archives - February 2020

Rio’s (ASX:RIO) iron ore shipments reduced due to cyclone: ASX set for a flat start

18 Feb 2020 - Wall Street was closed yesterday due to President’s Day. The ASX looks set to open flat this morning. European stocks closed higher as China’s central bank announced fresh policy to shield its economy from Coronavirus. Meanwhile, Apple reports they will not meet their quarterly revenue forecast as a result of the virus outbreak. Rio Tinto’s (ASX:RIO) iron ore operations in the Pilbara are progressively resuming following the passing of Tropical Cyclone Damien.

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UBS raises TPG (ASX:TPM) target price following merger approval: Aus market closes 1.1% lower

17 Feb 2020 - A bullish run in the back half of the session has boosted the market. However, it wasn’t enough to counteract this morning’s losses. The market closed 0.1% lower today. A subsidiary of GR Engineering Services (ASX:GNG) has secured an agreement with the Department of Industry, Science, Energy and Resources of the Australian Government.

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