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ASX LIVE: ASX to rise with global bear market rally

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Australian shares to open higher; Michael Carroll appointed chairman of Incitec Pivot Fertilisers; Fletcher Building confirms guidance; Janus Henderson appoints CEO. Follow updates here.

Stanmore Resources has hit back at changes to the coal royalty regime announced by the Queensland government as part of its budget.

The company said it is analysing the impact of the additional taxes on the business and will provide an update in due course.

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