Asian stocks skid on virus resurgence fear

Asian stocks skid on virus resurgence fear

Asian shares have skidded on growing worries about a second wave of coronavirus infections after the Chinese city where the pandemic originated reported its first new cases since its lockdown was lifted. The central Chinese city of Wuhan reported five new cases on...
Asian stocks skid on virus resurgence fear

Record fall in overseas arrivals in March

Overseas arrivals to Australia slumped 60 per cent in March – the largest ever drop in overseas travel – as the country imposed restrictions to prevent the spread of coronavirus. There were 331,900 short-term visitors to Australia in March 2020, down from...
Asian stocks skid on virus resurgence fear

Virgin Aust attracts 19 potential buyers

Virgin Australia’s administrator says 19 parties interested in purchasing the airline have been granted access to a data room as of May 11. Non-binding indicative offers are due on May 15, according to an affidavit published by the Federal Court of Australia on...
Asian stocks skid on virus resurgence fear

Amcor improves full year earnings outlook

Packaging provider Amcor has posted an robust increase in profits for the nine months to March 31 and raised growth in full year earnings per share. Amcor’s net income from the nine month period rose 10.8 per cent to $US719 million ($A1.1 billion), but was 12.7...