Virus fears keep S&P 500, Dow subdued

The S&P 500 and Dow Jones indexes were muted at the open as coronavirus-related worries and simmering US-China tensions weighed on sentiment at the end of what is expected to be the S&P 500’s best quarter since 1998. The benchmark index has rebounded...

AGL ties bonuses to emissions cuts

AGL Energy, Australia’s biggest carbon emitter, will partly link executive long term bonuses to emissions cuts as part of a new climate action plan announced on Tuesday. The move makes AGL the first of Australia’s major polluters, including miners and gas...

Infigen board backs $864m Iberdrola offer

The board of wind farm operator Infigen are recommending that shareholders accept an $864 million takeover offer from Spanish utility Iberdrola. The recommendation on Tuesday came after Iberdrola waived conditions for its off-market bid, a day after raising its offer...

Economy will need support for years: RBA

Australia’s central bank believes the economy has done better than feared during the coronavirus crisis but the hit to growth will have a “long-lived impact” requiring policy support for years to come. “There is considerable uncertainty over...

Chinese, US data cheer Asian markets

Asian shares have risen after data showed China’s manufacturing sector grew more than expected in June, a hopeful sign for a global economy still struggling to recover from the sweeping impact of the coronavirus crisis. MSCI’s broadest index of...