PRE-MARKET AUSTRALIAN STOCKS NEWS
Australia
BHP (BHP AT) / Rio Tinto (RIO AT) - BHP is reportedly not planning a bid for Glencore (GLEN LN), Reuters reports citing sources. The Co. is said to be waiting out Rio Tinto's (RIO AT) talks around Glencore. (Reuters)
BlueScope (BSL AT) - AustralianSuper looks to have ended the Stokes family’s USD 30/shr takeover bid for BlueScope by buying shares at that price, signalling the steel giant could be worth as much as USD 50/shr. (The Australian)
Lynas Rare Earths (LYC AT) – CEO Lacaze has told the Board that she intends to retire after 12 years as CEO. (Lynas Rare Earths)
Suncorp (SUN AT) – The insurer reports 80 claims and is warning that it has surpassed its budgets for disasters for the six months to December. This comes following the recent bushfires in Victoria. (The Australian)