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12Feb

Asian shares rise as Coronavirus infections slow: ASX poised to open higher

12 Feb 2020 - Following fresh highs from US markets, the ASX looks set to open higher this morning. In the US the Fed reported American households added $US193b of debt in the fourth quarter, driven by a surge in mortgage loans. In Asia, Hong Kong shares rose yesterday as coronavirus infections in mainland China slowed. TerraCom (ASX:TER) has released an offer document in relation to the takeover offer for Universal Coal.

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11Feb

Wall Street see positive start to the week: ASX set to open higher

11 Feb 2020 - Wall Street saw a positive start to the week and we can now expect to see the ASX open higher. Gold lifted over night as investors sought safe haven from the economic impact of the coronavirus. Moelis Australia (MOE:ASX) yesterday settled on the purchase of the Beach Hotel, Byron Bay for $104 million.

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10Feb

PSC Insurance Group (ASX:PSI) acquisition: Aus shares close 0.1% lower

10 Feb 2020 - The Australian share market opened weaker this morning, dropped in the first hour of trade and rebounded over the afternoon to close 0.1 per cent lower. Oil continued its 5 week slide. PSC Insurance Group (ASX:PSI) have acquired both the business assets of Ultimate Safety Solutions Australia, and 75 per cent of the share capital of Eden Software Pty Ltd.

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10Feb

Ramelius (ASX:RMS) lobs bid to acquire Spectrum Metals (ASX:SPX) : Aus shares 0.5% lower at noon

10 Feb 2020 - The Australian share market opened slightly weaker this morning following negative leads from Wall Street. It has taken a hit over the morning and is trading 0.5 per cent lower at noon. Most of the sectors are in the red, with Energy weighing heaviest on the market.Ramelius Resources (ASX:RMS) is lobbing a bid to acquire Spectrum Metals (ASX:SPX).

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10Feb

China factories reopen after extended break: ASX poised for a flat start

10 Feb 2020 - It’s a bit of a lacklustre start to the week on the markets, looking set for a flat start. Factories in China are expected to reopen today after being closed for an extended Lunar New Year holiday. Companies we can expect to hear schedules results from today are Aurizon (ASX:AZJ), GPT Group (ASX:GPT), JB HiFi (ASX:JBH). Advanced Nanotek (ASX:ANO) says the TGA have completed the approval process of their Brisbane laboratory licence.

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07Feb

Coronavirus impacts earnings: Aus shares close 0.4% lower

07 Feb 2020 - Despite today’s losses, over the week the market has gained 0.1%. RBA Governor says coronavirus has created economic uncertainty. This comes as Honda and Toyota extend the closure of their Chinese factories and Flight Centre (ASX:FLT) warns that coronavirus has affected travel patterns in Asia.

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07Feb

RBA expects economic growth to pick up: Aus shares 0.4% lower at noon

07 Feb 2020 - The Australian share market opened slightly lower defying positive leads from Wall Street and is now tracking 0.4 per cent lower at noon, with economic data on the services industry and optimistic projections from Reserve Bank of Australia Governor Philip Lowe doing nothing to turn the tide. Medicinal cannabis company Cann Group (ASX:CAN) has successfully completed its $8 million raising.

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07Feb

Melco abandons plans to increase stake in Crown Resorts (ASX:CWN): ASX poised to open higher

07 Feb 2020 - Australian shares are poised to open higher after positive leads from New York. All three US benchmarks closed higher, resetting record highs. Shares also rose across Europe in response to China's decision to cut tariffs on some imported US goods. Crown Resorts (ASX:CWN) have entered into a deed to terminate the sale of the second tranche of Crown shares to Melco Resorts Group.

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