Author - Craig Foley

First surplus in 44 years, RBA to hold rates at 1%: Aus shares 0.1% up at noon

03 Sep 2019 - Better than expected Aussie current account surplus $5.9b, vs $1.4b, while retail trade disappoints. Independence Group (ASX:IGO) shares trading at 4-year years highs on nickel price surge. Bellamy's Australia (ASX:BAL) sees JP Morgan bump up stake in its business. Oil Search (ASX:OSH) expects key PNG Govt decision later today. Iron ore continues to bounce back. AUD new 10.5 year low.

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Moelis announces selective share buyback

03 Sep 2019 - Financial advisory business Moelis Australia (ASX:MOE) has today announced its entered into a binding buyback agreement with Moelis & Company (NYSE:MC) to purchase 8 million Moelis shares from M&C via a selective buyback at a price of $3.40 per share.

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Wall Street closed, European markets lift: Aus shares to drift lower at open

03 Sep 2019 - The Australian sharemarket looks set to open lower this morning ahead of the Reserve Bank's interest rate decision. US markets were closed on Monday for the Labor day holiday. Abacus Property Group (ASX:ABP) has exchanged contracts for the acquisition of five self storage properties for $57 million with settlement expected by the end of the year.

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Nickel miners surge on Indo export bank: Aus shares snap 4-day win streak, lose 0.4%

02 Sep 2019 - Aussie shares see first day of red in five sessions, falling 0.4%. Manufacturing rises more than expected. Incitec Pivot Limited’s (ASX:IPL) kicks off review of Asia Pacific businesses, drops EBIT forecast. Western Areas (ASX:WSA) shares jump to year-high, up 14% on nickel price jump & JV progress. Telstra (ASX:TLS) updates guidance. Australian Unity Office Fund (ASX:AOF) $495m takeover on the cards.

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