Wall St drops on US-China trade comments

Wall St drops on US-China trade comments

Wall Street’s main indexes have fallen, extending declines for the third straight session, as comments from President Donald Trump renewed worries over China-US trade relations and added to concerns of a prolonged economic downturn. Trump said he was very...
Wall St drops on US-China trade comments

Airbus ‘to be resized, could cut output’

Plane maker Airbus has told senior staff the company must be “resized” in plans to be set out around end of June and is ready to cut jet production again to tackle any second wave of the coronavirus crisis, people briefed on the matter say. Chief Executive...
Wall St drops on US-China trade comments

Virgin Australia bids due on Friday

Virgin Australia’s administrators at Deloitte will have a better sense of which parties are interested in buying the beleaguered airline, when non-binding indicative offers are made on Friday. Nineteen parties interested in buying the airline, which entered...
Wall St drops on US-China trade comments

Aussies under housing stress due to COVID

Roughly 15 per cent of Australians are facing housing stress as the economic toll of the coronavirus pandemic mounts, a survey has found. A survey of 1,010 respondents by consumer research website Finder revealed that 15 per cent, equivalent to 2.9 million Australian...
Wall St drops on US-China trade comments

Caltex Australia officially renamed Ampol

A legendary Australian brand is back in business. More than 99 per cent of shareholders at Caltex Australia’s annual general meeting on Thursday approved renaming the company Ampol, the name of one of its predecessor companies that operated for decades in...