Battling traders seize virus loan scheme

Battling traders seize virus loan scheme

Small and medium businesses have borrowed more than $150 million from the Commonwealth Bank as they battle the effects of the coronavirus pandemic. The loans are part of the federal government’s Coronavirus SME Guarantee Scheme, which became available on March...
Battling traders seize virus loan scheme

Gold rises on bleak US payrolls data

Gold prices edged higher after gloomy US nonfarm payrolls data magnified the economic toll from the coronavirus, although a stronger dollar capped bullion’s advance. Spot gold was up 0.4 per cent to $US1,619.40 per ounce on Friday. US gold futures settled 0.5...
Battling traders seize virus loan scheme

Saudi-Russia dispute to pressure oil price

Global benchmark oil prices are expected to open lower as a dispute between top crude exporters Russia and Saudi Arabia raises concerns of another collapse in talks to curb production at a meeting this week. The move lower may be muted as the market reacts to US...
Battling traders seize virus loan scheme

Metals slide after dire US jobs data

Copper prices slipped and aluminium carved out a four-year low on worries about an extended erosion in global demand for metals due to the coronavirus pandemic after dire US employment data. Traders and fund managers have been concerned about sliding metals demand as...
Battling traders seize virus loan scheme

US stocks fall as virus shreds US payrolls

Wall Street’s main indexes have fall enmore than 1.5 per cent as the coronavirus abruptly ended a record US job growth streak of 113 months, intensifying fears of a deep economic slowdown. Even the loss of 701,000 jobs that Labor Department data showed for March...