ASX 200 up; Qantas reputation repair 'will take time'; Liontown lifts on Albemarle bid; SkyCity tanks
Mining, energy gains lift bourse. Qantas apologises for fallen service standards. Liontown's board keen on Albemarle's sweetened bid. SkyCity warns of possible NZ licence suspension.
Welcome to the Trading Day blog for Monday, September 4. The ASX 200 index closed 0.6 per cent higher at 7318.80 points, led by mining and energy gains.
The Aussie dollar is near US64.76.c.
More Coverage
ASX 200 down as NAB, Santos, MinRes hit
SA govt puts Whyalla Steelworks into administration. NAB shares slumps as margin strain dents earnings. MinRes tanks on massive loss. Santos results disappoint. WA rich lister sells $8.5bn Rio stake. MinRes' big loss triggers double-digit dive. Profitable Goodman taps investors for $4bn.
RBA delivers ‘hawkish’ rate cut; ASX down
Reserve Bank cuts rates 25 basis points, takes official cash rate to 4.1 per cent. First cut in more than four years. NAB, Westpac, CBA and ANZ lower home loan rates. Qatar-Virgin deal gets ACCC nod. Gold to outshine $US3000: UBS, Goldman.