Record fall in overseas arrivals in March

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...
Record fall in overseas arrivals in March

Oil firms as OPEC+ begins record cuts

Oil producers should start the week buoyant after two industry benchmarks posted their first weekly gains in four weeks as OPEC and its allies cut output to tackle a supply glut from the coronavirus crisis. In April, US crude fell to an all-time low and traded...
Record fall in overseas arrivals in March

ASX set to open lower after record month

Share prices are set to decline when trading begins on Friday after the Australian stock market recorded its best month since 1988. The SPI 200 futures contract was down 123 points, or 2.22 per cent, at 5,417.0 points at 0700 AEST on Friday. Overnight, US stocks lost...
Record fall in overseas arrivals in March

World stocks head for best month on record

World stocks are heading for their best month on record as encouraging early results from a COVID-19 treatment trial and expectations of more European Central Bank (ECB) stimulus help ease the pain of February and March. Europe saw a cautious start on Thursday, with...
Record fall in overseas arrivals in March

Oil sinks after record US crude build

US crude prices fell to an 18-year low and Brent lost more than 6.0 per cent after the United States reported its biggest weekly inventory build on record, while global demand is expected to fall to quarter-century lows due to the coronavirus pandemic. The grim...