Monthly Archives - September 2020

Web.com increases takeover bid for Webcentral (ASX:WCG): Aus shares to edge higher at the open

18 Sep 2020 - Australian shares are set to edge higher at the open following a paced sell off on Wall Street. US home building fell in August following strong gains in the prior three months. IT solutions company, Webcentral Group (ASX:WCG) has received an updated takeover offer from Web.com, which is now offering 18 cents per Webcentral share.

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Iron ore miners lead decline: ASX tracking 0.9% lower at noon

17 Sep 2020 - The ASX took a dip this morning, following negative leads from US futures and a sharp fall in the iron ore price overnight. Iron ore miners Mineral Resources(ASX:MIN) and Fortescue Metals (ASX:FMG) led the decline, joining the ranks of the worst performers at noon. The tech sector was also lower, adding further downward pressure.

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Fed Reserve set to keep rates at near zero: ASX poised to open lower

17 Sep 2020 - The ASX looks set to open lower this morning as stocks in the US fell after a tech sell-off and Federal Reserve Chairman Jerome Powell vows to keep rates near zero for three years. Platinum Asset Management (ASX:PTM) to extend its on-market share buy-back for up to 10% of PTM’s issued share capital.

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Seek (ASX:SEK) shares surge on talks around its Chinese platform: ASX closed 1% higher

16 Sep 2020 - It has been a positive day of trade for the ASX after a small dip around lunchtime the local bourse managed to closed 1% higher. Shares in Seek (ASX:SEK) closed over 9% today after confirming that its Chinese jobs platform Zhaopin was in investment talks with a number of parties. A British court has ruled against QBE (ASX:QBE) in a dispute over customers' efforts to recoup losses from the coronavirus.

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