QBE to raise $1.3bn for COVID-19 buffer

QBE to raise $1.3bn for COVID-19 buffer

Insurance giant QBE is embarking on a $US825 million ($A1.3 billion) raising to build a buffer against the impacts of the coronavirus pandemic. The company, which also said premium growth had been strong in the first quarter, is the latest in a growing list of...
QBE to raise $1.3bn for COVID-19 buffer

IMF gives debt relief for 25 poor nations

The International Monetary Fund has cancelled six months of debt payments for 25 of the world’s most impoverished countries so they can help tackle the COVID-19 pandemic. IMF Executive Director Kristalina Georgieva issued a statement saying the IMF executive...
QBE to raise $1.3bn for COVID-19 buffer

Gold prices shoot over seven-year peak

Gold soared over 1.5 per cent to its highest in more than seven years as panicked investors scurried towards the safe-haven metal on fears of coronavirus blow to the global economy and US corporate earnings. Spot gold surpassed the key $US1,700 pivot to touch its...
QBE to raise $1.3bn for COVID-19 buffer

Shanghai copper hits near four-week high

Copper futures prices climbed to their highest in nearly four weeks on supply worries, following a fall in inventories and operations suspension in major producer nations. The most-traded copper contract on the Shanghai Futures Exchange climbed as much as 1.9 per cent...
QBE to raise $1.3bn for COVID-19 buffer

Oil mixed as demand worries offset gains

Oil prices were mixed as the historic production-cut deal inked by major global oil producers was not enough to assuage existing worries about the demand destruction brought on by the coronavirus pandemic. Brent futures rose 26 US cents, or 0.8 per cent, to settle at...