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Traffic slows, toll prices will still rise

Traffic slows, toll prices will still rise

Toll giant Transurban says contracted price increases will still apply in Sydney and Melbourne roads from Wednesday even as coronavirus lockdown measures put the brakes on traffic volume.Tolls for cars will increase by between 2.0 and 8.0 cents a trip on some of...

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Kathmandu announces capital-raising – 9Finance

Kathmandu announces capital-raising – 9Finance

Kathmandu Holdings will raise $NZ207 million ($A201 million) to strengthen its balance sheet amid the coronavirus pandemic and a 40 per cent drop in profit.The New Zealand company will raise equity via a fully underwritten $NZ30 million institutional placement and a...

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Gold slides, but set for quarterly gain

Gold slides, but set for quarterly gain

Gold prices dipped over 2.0 per cent to their lowest level in a week as the US dollar firmed, but the metal was on track for a sixth straight quarterly rise on concerns about the global economic damage caused by the coronavirus pandemic.Spot gold fell 2.1 per cent to...

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Japanese stocks tumble on lockdown fears

Japanese shares have plummeted on the first day of the new fiscal year as investors braced for a lockdown of Tokyo, a global recession, and sharp cuts in corporate earnings and dividend payouts due to the coronavirus pandemic.The benchmark Nikkei average fell 4.5 per...

China factory activity increases slightly

China's factory activity has improved in March after plunging a month earlier, a private survey showed, but the bare minimal growth highlighted the intense pressure facing businesses as the global coronavirus pandemic shuts down many countries.The Caixin/Markit...

Rex reverses Qld suspension decision

Regional Express (Rex) has reversed a decision to suspend its Queensland operations following a "last-minute" intervention by the state government.The regional airliner will resume its services on April 1 on a reduced scheduled to be introduced on all five routes...

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