Live: ASX 200 gives up gains; iron ore miners down; Alumina jumps; Lowe's new role
Alumina accepts Alcoa takeover. Business conditions rebound: NAB. Lowe new Future Generation chair. Iron ore majors down after price tumble. Gold, lithium stocks gain. Bitcoin's record. QV up on merger.
Welcome to the Trading Day blog for Tuesday, March 12. The ASX 200 index gave up its gains to be flat, closing up 0.1 per cent to 7712.50 points, after earlier rising as much as 0.4 per cent.
The Aussie dollar is trading around US66.16c.
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Originally published as Live: ASX 200 gives up gains; iron ore miners down; Alumina jumps; Lowe's new role
Updates
Committee for Brisbane elects new president
A leading member of the Deloitte’s team in Brisbane has been elected president of a top level research and advocacy group that is helping to steer the city’s future.
Chalmers the stock picker makes a bad call
The Future Fund has thrived by having the independence to make its own financial calls. The Treasurer wants to trash this with his own risky bets.
‘Howzat for a holiday’ asks Cummins in new tourism ad
Forget Lara Bingle and her bikini. Pat Cummins and a cricket ball are front and centre of a new Australian tourism ad campaign.
PwC scandal broadens as international partner named
A former PwC Australia partner has named an American heavyweight within the firm allegedly linked to its tax leaks, potentially broadening the scandal to its international offices.
Superannuation fund Aware strikes Brisbane office deal
Investment giant and superannuation fund Aware has bought into a major tower in Brisbane’s CBD from a venture run by heavyweight Dexus.
Mysterious departure of two key banking directors
Westpac chair Steven Gregg has some explaining to do at the AGM after noting in his annual report two of four directors would renominate – but they have now stepped down.