Author - Craig Foley

Markets stumble as coronavirus confirmed in the US: ASX poised to open lower

22 Jan 2020 - The ASX looks set to open lower this morning. Wall Street saw weak leads possibly due to the first US case of coronavirus that has killed six people in China. In other news, Amazon filed to trademark ‘Amazon Pharmacy’ here signalling a potential move into selling prescription drugs outside of the US. Greg Fox, Bapcor’s (ASX:BAP) Chief Financial Officer and Company Secretary has announced that he will retire.

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Record-breaking run ends as Infotech drags on the market: ASX closed 0.2% lower

21 Jan 2020 - The local bourse failed to move into positive territory closing 0.2% lower. Tech losses are led by Wisetech Global (ASX:WTC) and Technology One (ASX:TNE). HUB24 (ASX:HUB) shares are down despite posting record first half net inflows of $2.5 billion. Altura Mining (ASX:AJM) recently shipped a record cargo of 24,500 wet metric tonnes (wmt) to long-term offtake partner Ganfeng Lithium.

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Orocobre (ASX:ORE) shares on the decline despite new deals: ASX tracking 0.4% lower at noon

21 Jan 2020 - The ASX fell at the open and has failed to gather momentum throughout the morning so far is now tracking 0.4% lower at noon. Orocobre (ASX:ORE) shares are on the decline – this comes as they reported yesterday they have signed two new contracts for supply of battery grade lithium carbonate to top tier Chinese cathode manufacturers. Resolute Mining (ASX:RSG) has agreed to repay all amounts outstanding under the Toro Gold acquisition finance facility.

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