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12Feb

Genworth (ASX:GMA) scraps dividend after $174M loss: Aus shares 0.3% lower at noon

12 Feb 2021 - The Australian share market opened flat following mixed leads from Wall Street and is tracking 0.3 per cent lower at noon. Most of the sectors are down this morning with Energy suffering the worst losses. Genworth Mortgage Insurance Australia (ASX:GMA) has scrapped its dividend after recording a $174.1 million loss for the 2020 financial year. The company made a statutory net loss after tax of $107.6 million.

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12Feb

Crown Resorts (ASX:CWN) board exodus continues: Aus shares set for a flat start

12 Feb 2021 - The ASX is set for a flat start after Wall Street retreated in late trade. The pull back in US stocks comes as investors seek to consolidate gains on the back of yesterday’s record highs. Meanwhile, US President Joe Biden has warned senators that China is aggressively outpacing the US on infrastructure. On the commodities front, OPEC has warned that world oil demand in 2021 will rebound more slowly than anticipated prompting OPEC+ to downgrade...

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11Feb

Unibail-Rodamco-Westfield (ASX:URW) to begin selling major US properties from 2022: ASX tracking steady at 6,857 at noon

11 Feb 2021 - The local market has had a bumpy start this morning with the S&P/ASX 200 Index steady at noon at 6,857 points. SPI futures are pointing to a fall of 25 points. Unibail-Rodamco-Westfield (ASX:URW) expects to begin selling its major US properties from 2022 following the severe restrictions from the Covid-19 pandemic.

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11Feb

Powell speech boosts US markets: ASX poised to open lower

11 Feb 2021 - The ASX is set to open lower this morning despite US stocks edging higher. Fed Reserve Chairman Powell says rates will stay low in the US and is expecting second half growth. He said they still have a long way to go in terms of employment. Back home, a number of large companies are reporting today Telstra (ASX:TLS), AGL Energy (ASX:AGL) and Transurban (ASX:TCL). AMP (ASX:AMP) will not pay a final dividend after underlying profit...

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10Feb

Two Crown (ASX:CWN) directors resign after inquiry report: ASX closes 0.5% higher

10 Feb 2021 - The S&P/ASX 200 Index closed 0.5% higher or 36 points higher at 6,857 points. Zip (ASX:ZIP) shares did well today meanwhile, CIMIC (ASX:CIM) shares fell over 17%. Consumer discretionary is only sector in the red. Two directors have resigned from Crown Resorts (ASX:CWN) following the report which found the company was ‘not suitable’ to hold a casino licence.

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10Feb

CIMIC (ASX:CIM) shares drop on Covid slowdown: ASX is 0.4% higher at noon

10 Feb 2021 - The ASX rose at the open, the S&P/ASX 200 Index is 0.4% higher or 29 points up at 6,850 points. Megaport (ASX:MP1) shares are up today after they reported their first half earnings were up 39% from the same period. Shares in CIMIC (ASX:CIM) dropped today after they reported a slowdown of projects due to Covid-19. Lendlease (ASX:LLC) Group Chief Executive Officer and Managing Director is to retire.

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10Feb

Tech stocks push up Wall Street: ASX poised to open higher

10 Feb 2021 - The ASX is set to open higher this morning as tech stocks advanced in New York. There is also optimism in the US regarding further stimulus and strong quarterly results from some of their major companies. The AUD rose as the greenback weakened slightly. And Infratil (ASX:IFT) announced a new CEO.

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09Feb

Crown Resorts (ASX:CWN) in a trading halt after inquiry report: ASX closes 0.9% lower

09 Feb 2021 - The S&P/ASX 200 Index closed 0.9% lower or 59.5 points lower at 6821 points. Shares in the Macquarie Group (ASX:MQG) are doing well today. And a NSW casino inquiry has found that the James Packer-backed Crown Resorts (ASX:CWN) is not suitable to hold the licence to operate a new Sydney casino at Barangaroo after a public inquiry.

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09Feb

Business confidence rises in January: ASX tracking 0.4% lower at noon

09 Feb 2021 - The local market dropped at the open, the S&P/ASX 200 Index is down 0.4% or 30 points lower at 6,851 points. SPI futures are pointing to a fall of 0.5%. Shares in the Macquarie Group (ASX:MQG) are doing well today after they reported improved trading conditions across the group in the December quarter. Buddy Technologies (ASX:BUD) report expected revenue to be up to $28 million.

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