ASX-listed energy producer Oil Search is tapping investors for $US1.16 billion ($A1.90 billion) in order to withstand a prolonged period of low oil prices. The Papua New Guinea and Alaska-focused firm says its $US700 million raising will be conducted at $2.10 per share, which represents a 23.1 per cent discount […]
Day: April 6, 2020
Gold jumps on COVID-19 stimulus measures
Gold prices surged over 2.0 per cent to a more than three-week high on Monday on expectations of global stimulus measures to counter the economic damage caused by the outbreak of the novel coronavirus. Spot gold was up 2.3 per cent at $US1,653.35 per ounce, having hit its highest level […]
Copper up on slowing COVID-19 infections
Copper has risen, supported by a slowdown in the death toll from coronavirus in some European countries and falling inventories, though fears of recession continued to weigh on prices. Benchmark copper on the London Metal Exchange was up 1.1 per cent at $US4,891 a tonne by 1705 GMT. Its 1.0 […]
Oil dips after delays in Saudi-Russia meet
Oil prices have slumped, pulling back from last week’s gains after Saudi Arabia and Russia delayed a meeting of oil producers aimed at resolving growing worldwide oversupply as the coronavirus pandemic pummels demand. The global oil market rebounded over 35 per cent last week after sources at the Organisation of […]
Wall St jumps as coronavirus deaths slow
The S&P 500 was on track to recoup about $US1 trillion ($A1.6 trillion) in market value in a frantic rally after New York, the biggest US coronavirus hot spot, reported a fall in daily deaths, raising hopes that the pandemic could level off soon. All three main stock indexes jumped […]
Stocks jump on virus hopes
World stock markets have jumped, encouraged by a slowdown in coronavirus-related deaths and new cases, though a delay in talks between Saudi Arabia and Russia to cut supply sent oil tumbling again. Equity investors were encouraged as the death toll from the virus slowed across major European nations including France […]
RBA to assess whether QE needs tweaking
The Reserve Bank board will consider whether its bond-buying program needs tweaking when it holds its first monetary policy meeting since unveiling a historic suite of stimulus measures to combat the impact of the coronavirus pandemic. Board members decided at a March 18 emergency meeting that Australia’s economy would likely […]
Dwell Breaking Information, US, World, Enterprise, Finance
When choosing a enterprise concept, it is sensible to have a look at your strengths, skill set, and stuff you’re already enthusiastic about. With over a hundred and forty,000 apps built, AppInstitute is the primary app building software for resellers By using highly effective software you’ll be able to build […]
ACCC pauses NBN inquiries due to virus
The competition watchdog is providing regulatory relief to the telecommunications industry on two fronts to allow the sector to better respond to the COVID-19 pandemic, its chairman says. Australian Competition and Consumer Commission chairman Rod Sims told the CommsDay telecommunications summit via Zoom the agency paused two inquiries into the […]
Seek defers dividend, eases payment rules
Seek has postponed its dividend and is allowing customers some payment concessions due to the coronavirus pandemic. Seek told the share market on Monday it would defer its first-half dividend to July 23 and was reducing costs to better manage cash flow. The business will also draw down some undrawn […]