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  • Ascot Resources completes Wonmunna acquisition, $10M raising

    Mon 11:30 pm

    Ascot Resources completes Wonmunna acquisition, $10M raising

    The acquisition and $10 million capital raising ($5M - RCF) represents global commodities trader, the Gunvor Group's first investment in iron ore and first in Australia. It was also struck at a premium to prevailing Ascot share price. Wonmunna is adjacent to leading iron ore producers in the Pilbara and existing infrastructure.

  • Why did the Dow fall from record highs?

    Mon 11:24 pm

    Why did the Dow fall from record highs?

    U.S. stocks pulled back from record breaking territory overnight as investors worried about Chinese growth and housing data. Investors also took some money off the table as the Dow is up 14% for the past year. The ASX SPI 200 is off eight points to 5352.

  • ASX has dark day but one stock lights up

    Mon 7:50 am

    ASX has dark day but one stock lights up

    There were few places to hide on the ASX today, as investors sold off the blue chips across the board, pushing the local market down 1.3%. Miners were hit by another drop in the iron ore price, while the banks took a bath. But which stock jumped 34.8%?

  • Applabs Technologies has stake in Chat Center, hits 1 million downloads

    Mon 3:47 am

    Applabs Technologies has stake in Chat Center, hits 1 million downloads

    The software allows a user to chat with another user, irrespective of which chat app they use. e.g. A user with WhatsApp or Skype is able to chat with a user who has Viber. Part funded by Google Ventures, Chat Center will look to monetise the application almost immediately.