The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went up 0.67% on Friday.
Australian Dollar ($A) (AUDUSD): 71.11US cents
Dow Jones (DJI): up 0.82%
Oil (WTI): $US60.14 per barrel
Gold: $US1,294 per ounce
ASX Sharemarket News
In ASX sharemarket news, mining giant Rio Tinto Limited (ASX: RIO) gave an update about its operations following Cyclone Veronica.
its iron operations in Pilbara, WA are progressively returning to normal with the cyclone passing. However, after initial inspections there has been damage to the Cape Lambert A port facility.
Rio Tinto said that the disruption to production will result in a loss of approximately 14 million tonnes of production in 2019. Therefore, shipments in 2019 are expected at the lower end of the 338 million and 350 million tonnes guidance.
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Asaleo Care Ltd (ASX: AHY) has announced it has completed the sale of its Australian Consumer Tissue business worth $180 million.
As a reminder, the division being sold includes Sorbent, Handee Ultra and Deeko, although Asaleo will retain its Australasian Personal Care and B2B operations as well as the Consumer Tissue business in New Zealand and the Pacific Islands.
Asaleo Care CEO and Managing Director Sid Takla said: “The sale proceeds will significantly strengthen our balance sheet, reduce net debt and improve our leverage ratio.”
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Debt collector and short term lending business Credit Corp Group Limited (ASX: CCP) has gone into a trading halt to announce a capital raising with institutional investors and for regular investors with a share purchase plan.
The company expects to come out of the trading halt either after the outcome of the institutional placement or the start of trade tomorrow.
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