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Fortescue Ltd (ASX:FMG)

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Fortescue Ltd (ASX: FMG) is a global leader in the iron ore industry, known for its leading development of world class infrastructure and mining assets in the Pilbara region of Western Australia. Fortescue was founded in 2003 by Andrew Forrest, who is now one of Australia’s wealthiest people. The vast majority of Fortescue’s iron ore, a steel-making ingredient, is shipped and sold to Chinese customers.

Fortescue Ltd (ASX:FMG) share price

Fortescue Ltd (ASX:FMG) share price news

ASX Bank Shares
James Dunn

Banks lead S&P/ASX 200 (INDEXASX:XJO) lower

The Australian sharemarket closed at its lowest point in 11 months on Wednesday, hampered by a weak lead-in from Wall Street, and its interest-rate worries.

ASX Bank Shares
James Dunn

S&P/ASX200 (INDEXASX:XJO) feels the rates heat

The Australia share market retreated to a six-month low on Tuesday, as global markets felt the pressure from surging bond yields – despite, in Australia’s case, the Reserve Bank leaving the official cash rate on hold at 4.1 per cent, for a fifth straight month.

ASX Bank Shares
James Dunn

Traders stay on sideline ahead of October rates call

It was relatively quiet on the ASX on Monday with traders eyeing the Reserve Bank of Australia’s latest interest-rate decision, to be announced today (and a public holiday in most states dampening activity further).

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