Copper under pressure amid stockpiling

Copper prices were set for a weekly loss as rising stockpiles and dire economic data around the world hammered home fears that demand will remain weak despite a rebound in Chinese factory activity. China, meanwhile, threatened retaliation after the United States moved...

US-China tensions help gold to 7-year high

Gold prices have jumped to levels last seen in 2012, as renewed US-China trade tensions added to concerns about a deep economic slump due to the coronavirus pandemic. Spot gold rose 0.7 per cent to $US1,741.65 per ounce by 1847 GMT. During the session it hit its...

Oil prices jump on signs of higher demand

US crude prices have reached their highest price since March, on strengthening fuel demand as countries around the world eased travel restrictions they had imposed to curb the spread of the coronavirus. US crude gained 19.7 per cent last week and Brent crude rose 5.2...

Wall Street ends up after choppy trading

Wall Street’s three major indexes have closed higher after swinging between gains and losses as investors weighed worries about China-US trade relations and weaker-than-expected US economic data against growing optimism that easing coronavirus restrictions would...

Emirates to cut about 30,000 jobs: report

Emirates Group is planning to cut about 30,000 jobs to reduce costs amid the coronavirus outbreak, which will bring down its number of employees by about 30 per cent from more than 105,000 at the end of March, Bloomberg News reports. The company is also considering...