Wall St slides amid US-China tensions talk

Wall Street’s main indexes have fallen after US President Donald Trump threatened to slap new tariffs on China over the coronavirus crisis, while a profit warning from Amazon added to the gloom. Trump said late on Thursday his trade deal with China was now of...

Stocks fall after Trump’s tariff threat

World stocks have pulled back further on grim US economic data, mixed company results and President Donald Trump’s threat to impose new tariffs on China over the coronavirus crisis. MSCI’s index of global stocks fell 0.5 per cent after a tumble late on...

Helloworld says can survive virus downturn

Travel company Helloworld expects revenues to be just 5 per cent of pre-COVID levels between April and September and is forecasting losses of $1.5 million to $2 million a month until then. But with $150 million in cash reserves Helloworld says it is positioned to...

Origin buys stake in UK energy firm

Power and gas retailer Origin Energy has agreed to buy a 20 per cent stake in UK retailer Octopus Energy for $507 million, with an exclusive license to use its technology in Australia. Origin said the partnership with the fast-growing UK firm and use of its Kraken...