Bumpy Wednesday: Aus shares flat at noon
21 Mar 2018 – Market at Midday report. Rio Tinto (ASX:RIO) has launched a new debt reduction program, a bond purchase and redemption plan for up to US$2.5 billion. It comes as two of Rio’s coal assets have been snapped up only one week after binding bids were submitted. Santos (ASX:STO) looks to be leading the race as the lead candidate, in supplying back fill gas to Darwin LNG. The Central Bank of Norway (Norges Bank) has increased its stake oil and gas company, AWE (ASX:AWE) from 5.47 per cent to 7.39 per cent. James Packer resigns as a director of Crown Resorts (ASX:CWN), Myer (ASX:MYR) lifted 2.3 per cent after announcing its results. Click for more and details.
Source: Finance News Network