Virus fears keep S&P 500, Dow subdued

Virus fears keep S&P 500, Dow subdued

The S&P 500 and Dow Jones indexes were muted at the open as coronavirus-related worries and simmering US-China tensions weighed on sentiment at the end of what is expected to be the S&P 500’s best quarter since 1998. The benchmark index has rebounded...
Virus fears keep S&P 500, Dow subdued

AGL ties bonuses to emissions cuts

AGL Energy, Australia’s biggest carbon emitter, will partly link executive long term bonuses to emissions cuts as part of a new climate action plan announced on Tuesday. The move makes AGL the first of Australia’s major polluters, including miners and gas...
Virus fears keep S&P 500, Dow subdued

Infigen board backs $864m Iberdrola offer

The board of wind farm operator Infigen are recommending that shareholders accept an $864 million takeover offer from Spanish utility Iberdrola. The recommendation on Tuesday came after Iberdrola waived conditions for its off-market bid, a day after raising its offer...
Virus fears keep S&P 500, Dow subdued

Economy will need support for years: RBA

Australia’s central bank believes the economy has done better than feared during the coronavirus crisis but the hit to growth will have a “long-lived impact” requiring policy support for years to come. “There is considerable uncertainty over...
Virus fears keep S&P 500, Dow subdued

Chinese, US data cheer Asian markets

Asian shares have risen after data showed China’s manufacturing sector grew more than expected in June, a hopeful sign for a global economy still struggling to recover from the sweeping impact of the coronavirus crisis. MSCI’s broadest index of...