Finance News (Page 592)

Fed raises rates: Aus market set to open lower

14 Jun 2018 - The Australian share market is set to open lower this morning after Wall Street extended losses into the close. This was due to the Federal Reserve raising interest rates for the second time this year. Before New York closed, Comcast said it offered $86 billion for the businesses Twenty-First Century Fox had already agreed to sell to Walt Disney. Back home, SCA Property Group (ASX:SCP) sees total portfolio capitalisation rate improve.

Lacking direction mid week: Aus shares 0.6% lower at noon

13 Jun 2018 - Market at Midday. Miners and oil companies hold back ASX. Utilities surged after APA (ASX:APA) jumped 21% on $13 billion takeover offer. Pilbara Minerals (ASX:PLS) announces commissioning of its flagship lithium-tantalum project. ASX top 300, Global Geoscience (ASX:GSC) plans to raise $53 million from an institutional placement at 41 cents to fully fund its Rhyolite Ridge Lithium-Boron project in Nevada. Watch for more.