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Australian shares are set to open lower, tracking overseas losses. Techs continue to drag on Wall Street. $A briefly below US64¢. Latitude, Magellan to report.
Federal regulators say a “fair” profit margin on coal sales is about 20 per cent lower than the profit margin recommended by their expert advisor
Three of Australia’s major banks have announced the settlement of separate class action lawsuits totalling $126 million with compensation and class action law firm Slater and Gordon.
Former BHP executive Mark Swinnerton’s clean energy start-up has struck a deal with Yancoal to revive an idled mining hub.
Australian coal miner Yancoal (ASX: YAL) has announced plans to prepay US$1 billion of debt, which is expected to provide a US$207 million reduction in finance costs over the loan period.