Construction hits lowest level since 2005

Australia’s construction sector has recorded a dismal April with a slump in activity, new orders and employment dragging a key industry index to its lowest level since 2005. The Australian Industry Group and Housing Industry Association’s Performance of...

Copper hits 6-week peak on stronger demand

Copper prices climbed to a six-week high as the prospect of stronger demand in top consumer China and output disruptions outweighed expectations of rising supplies from producers emerging from new coronavirus lockdowns. Traders said copper rose on some purchases in...

Google’s growth slows as virus hits ads

Google has reported its weakest revenue growth in nearly five years in the first quarter as the pandemic-driven recession began to shrivel its advertising sales. The January-March earnings for Google parent Alphabet offer a first look at how the digital ad market has...

Copper hits six-week high on demand hopes

Copper bounced to its highest in about six weeks as investors hoped that easing of lockdowns and factory restarts would revive metals demand hit by the coronavirus pandemic. Industrial metals prices rose along with stock markets, which also took heart from further...

Oil crash hits stocks, US dollar gains

Global stocks fell on Tuesday, a day after US crude oil prices turned negative for the first time, as dismal company earnings reports underlined worries about economic damage from the coronavirus pandemic. The US dollar rose against a basket of peers as investors...