Facebook and iron ore drop take effect: Aus shares 0.6% lower at noon

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20 Mar 2018 - Market at Midday: From the outset we had negative leads to follow as Wall Street closed lower when Facebook lost 6.8 per cent. Iron ore price drops and BHP and Rio Tinto lose 2 per cent. QBE Insurance (ASX:QBE) is offering note holders the opportunity to buy their notes for cash. New Energy Solar (ASX:NEW) has completed the purchase and financing of a 200 megawatt solar project in Southern California. WorleyParsons (ASX:WOR) has been awarded the project management consultancy contract by the largest oil refinery in the UAE, the Ruwais Refinery, which is owned by ADNOC. Click for full midday report.

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