Copper prices firmed overnight as data from China pointed to signs of gradual recovery from the novel coronavirus, but gains were capped by concerns about global growth and falling metals demand. New home prices in top metals consumer China grew at their slowest annual pace since June 2018, but a […]
Day: April 16, 2020
Gold eases amid hope for lockdown easing
Gold fell after climbing 1.3 per cent overnight, as safe-haven demand weakened after US jobless claims rose less than a week ago and hopes grew for an easing of coronavirus-led curbs. Spot gold eased 0.2 per cent at $US1,711.29 per ounce by 1830 GMT. US gold futures settled down 0.5 […]
OPEC cuts demand forecast; prices mixed
Oil prices were mixed overnight, as Brent crude rose modestly while US futures ended unchanged at an 18-year-low after some European countries said they would relax coronavirus restrictions even though OPEC lowered its global oil demand forecast. Brent futures gained 13 US cents, or 0.5 per cent, to settle at […]
Wall St slips on grim earnings, virus fear
The S&P 500 and Dow Jones have slipped, giving up early gains as concerns about dismal first-quarter earnings and lasting economic damage from the coronavirus pandemic offset better-than-expected weekly jobless claims numbers. A 4.7 per cent fall for Boeing drove the blue-chip Dow Jones Industrials down more than one per […]
Commerce Business Day by day
Look right here for ideas for starting a business and for including new services to an current business. At present there are plenty of instruments you can use to construct an internet enterprise that makes the technical work so much easier than it was prior to now. When you really […]
Sportsbet blames WFH for ASX betting blue
Sportsbet has blamed its ill-fated foray into stock market betting on the need to have staff to work remotely during the coronavirus pandemic. The Melbourne-based betting agency grabbed the attention of ASIC when it began offering bets over the S&P/ASX 200 Index, with concerns that the bets constituted a financial […]
COVID-19 testmaker Atomo pops on ASX debut
Rapid blood test company Atomo Diagnostics, which has recently pivoted to supplying kits for COVID-19 antibody tests, has more its debut on the ASX at more than double its initial public offering price. It is the first float on the ASX in six weeks, since junior gold explorer Kaiser Reef […]
Caltex reports pick-up in refiner margins
Caltex Australia says its refiner margin has shown short-term growth but remains roughly half as strong compared to 2019 amid the coronavirus pandemic. The company on Thursday said in a statement its March refiner margin was $US4.62 per barrel – above the February figure of $US4.14 per barrel, but significantly […]
Bendigo Bank withdraws 2H20 commentary
Bendigo and Adelaide Bank has withdrawn its second-half outlook commentary due to uncertainty created by the coronavirus pandemic. The regional lender said in February it expected growth to continue in its mortgage lending, small business portfolio and commercial real estate business. However, on Thursday it said the current environment had […]
COVID-19 puts toll traffic in slow lane
Only three of Transurban’s 17 toll roads got busier during the March quarter – and one of those was in the United States – as coronavirus restrictions slowed average daily traffic across Sydney, Melbourne and Brisbane. Car trips on nearly all the company’s Australian roads fell in the three months […]