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05Dec

Megaport (ASX:MP1) to raise $62 million: Aus shares nearly 1% higher at noon

05 Dec 2019 - The Australian share market opened lower defying positive leads from US markets, but has edged higher over the first 2 hours of trade. It is now tracking nearly 1 per cent higher at noon, with all sectors in the green. Megaport (ASX:MP1) is conducting a $62 million raising. Citi has upgraded oOh! Media (ASX:OML). Retail Trade figures for October are largely unchanged. Australia’s International Trade in Goods and Services for October capped a $6,341 million...

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04Dec

Trump signals delay in China trade deal: ASX poised to open lower

04 Dec 2019 - Following negative leads from US markets, the ASX looks set to drop at the open. The Dow fell for a third day and the rest of the US markets were rattled when US President Donald Trump suggested he may want to delay a trade deal with China until after the 2020 presidential election. Earlier this week Trump tweeted that the US would impose tariffs on steel and aluminium from Brazil and Argentina. iCar Asia (ASX:ICQ)...

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03Dec

RBA holds official cash rate at 0.75%: ASX closes 2.2% lower

03 Dec 2019 - It has been a disappointing day of trade for the ASX closing 2.2% lower. NRW Holdings (ASX:NWH) and Silver Lake Resources (ASX:SLR) all experienced small rises today. Avita Medical (ASX:AVH) and Wisetech Global (ASX:WTC) dropped over 6% today. Meanwhile, LiveTiles (ASX:LVT) has completed the acquisition of CYCL, a leading intelligent intranet software business in Europe.

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03Dec

Two consecutive current account surpluses: ASX 1.7% lower at noon

03 Dec 2019 - The ASX dropped at the open following soft leads from Wall Street and is now tracking 1.7 per cent lower at noon. Speedcast International (ASX:SDA) and shares in Western Areas (ASX:WSA) are on the up. Virgin Money UK (ASX:VUK) shares are falling after shooting up last week when they released strong results for FY19. The Uniti Group (ASX:UWL) is looking to raise $85 million for the acquisition of 1300 Holdings and its related entities for...

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03Dec

Trump to impose tariffs: Aus shares to tumble

03 Dec 2019 - The Australian share market looks set to tumble this morning. US President Donald Trump to put tariffs on steel and aluminum exports from Brazil and Argentina. Hannah Hamling will join the Mercury NZ (ASX:MCY) board from 1 February 2020.

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02Dec

Aus housing prices surge: Aus shares 0.5% higher at noon

2 Dec 2019 - The Australian share market has risen sharply this morning as investors await a big week of local economic data. All of the sectors except energy are in the green. Buy now pay later company Sezzle (ASX:SZL) has secured a US$100 million debt facility to support future growth.

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