REX cuts Qld flights amid contract impasse

REX cuts Qld flights amid contract impasse

Regional Express (Rex) has declared a force majeure on its contract with the Queensland state government and will suspend all services in the state indefinitely. The struggling airline on Tuesday announced its decision to cut services in the state as it could see no...
REX cuts Qld flights amid contract impasse

Safe haven gold rises as virus spreads

Gold prices inched up on Monday after an extension of restrictions in the United States exacerbated concerns about the economic toll of the coronavirus pandemic, driving investors to safe-haven assets. Spot gold rose 0.1 per cent at $US1,618 an ounce. US gold futures...
REX cuts Qld flights amid contract impasse

Oil prices tumble to lowest since 2002

Global oil benchmark Brent crude plunged to its cheapest in almost 18 years overnight and US crude briefly tumbled below $US20 per barrel on growing fears the global coronavirus shutdown could last months and demand for fuel will decline further. With Saudi Arabia and...
REX cuts Qld flights amid contract impasse

Aluminium prices hit four-year lows

Aluminium prices hit four-year lows as worries about prolonged shutdowns around the world due to the coronavirus reinforced fears of a deep recession and tumbling demand for industrial metals. Benchmark aluminium on the London Metal Exchange was down 1.1 per cent at...
REX cuts Qld flights amid contract impasse

Wall St gains as investors mull stimulus

Wall Street has risen as US President Donald Trump followed last week’s massive fiscal stimulus package by extending his stay-at-home guidelines, leaving investors hopeful that the economic impact of the coronavirus could still be contained. A record $US2.2...