by dellons | Apr 15, 2020 | Business News
Gold prices have fallen, a day after scaling over seven-year highs, as the dollar firmed and investors booked profits, although concerns of a global recession put a floor under prices. Spot gold fell 0.6 per cent to $US1,716.79 per ounce. On Tuesday, prices had jumped...
by dellons | Apr 15, 2020 | Business News
Copper has fallen as moves by China’s central bank to bolster the economy were overshadowed by predictions of a deep global recession, which drove down stock markets and oil prices. Copper, used in power and construction, has tumbled from above $US6,300 a tonne...
by dellons | Apr 15, 2020 | Business News
US crude prices fell to an 18-year low and Brent lost more than 6.0 per cent after the United States reported its biggest weekly inventory build on record, while global demand is expected to fall to quarter-century lows due to the coronavirus pandemic. The grim...
by dellons | Apr 15, 2020 | Business News
US stocks have fallen as dismal economic and first-quarter earnings reports compounded concerns over the extent of damage from the coronavirus outbreak. Shares of Bank of America and Citigroup Inc dropped as they joined JPMorgan Chase & Co and Wells Fargo & Co...
by dellons | Apr 15, 2020 | Business News
Finance officials from the Group of 20 major economies have agreed to suspend debt service payments for the world’s poorest countries through the end of the year, a move quickly matched by a group of hundreds of private creditors. The actions to freeze both...
