by dellons | Apr 6, 2020 | Business News
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...
by dellons | Apr 6, 2020 | Business News
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...
by dellons | Apr 6, 2020 | Business News
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...
by dellons | Apr 6, 2020 | Business News
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...
by dellons | Apr 6, 2020 | Business News
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...
