ASX 200 lower; Iron ore prices slid to near $US100, Downer's shock impairment
A second day of losses sets bourse up for first weekly fall in a month. Iron ore nears $US100. Downer slides on 'surprising' writedown. ASIC slaps ban on fund linked to former RBA boss.
Welcome to the Trading Day blog for Thursday, August 3. It was a sea of red across the Australian sharemarket on Thursday as the S&P/ASX 200 index fell 0.6 per cent to 7311.80.
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Miners, energy players drive ASX; Telix, Paladin drop
Glencore preps for Qld smelter closure. Housing, productivity at the core of Australia’s problems, NAB CEO Andrew Irvine warns. Quarterly updates weigh on health stock Telix and uranium miner Paladin.
ASX ends flat amid banks/miners switch; RBA keeps rate cuts in the frame
CBA leads bank losses, offset by gains in miners and CSL. RBA lowers chance of 'severe' hit to economy. Insignia's relief rally as CC Capital's lower-than-expected $4.80 per share offer lands.
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