World stocks head for best month on record

World stocks head for best month on record

World stocks are heading for their best month on record as encouraging early results from a COVID-19 treatment trial and expectations of more European Central Bank (ECB) stimulus help ease the pain of February and March. Europe saw a cautious start on Thursday, with...
World stocks head for best month on record

AP Eagers has laid off 1,200 amid crisis

Australia’s largest car dealership chain says it laid off 1,200 employees last month as an initial response to the COVID-19 pandemic and associated lockdowns. Its 229 new car dealerships in Australia are operating as an essential service but with reduced...
World stocks head for best month on record

COVID gold surge boosts Aust export prices

Investors turning to safe-haven bullion and soaring demand for scrap metal helped push Australian export prices higher during a COVID-affected March quarter, but this was offset by softer petrol demand amid widespread lockdowns. The nation’s export price index...
World stocks head for best month on record

Newcrest announces $1.1b capital raising

Australia’s largest listed goldminer has announced a $1.1 billion equity raising, in part to fund its $US460 million ($A703 million) further stake in a goldmine in southeast Ecuador. Newcrest Mining’s capital raising consists of a $1 billion institutional...
World stocks head for best month on record

Fortescue hikes iron ore shipments outlook

Fortescue Metals has hiked its annual iron ore shipments forecast after it reported a 10 per cent rise in third-quarter shipments and said it had managed to keep a lid on costs amid the coronavirus pandemic. The company, one of the big four global iron ore miners, has...