by dellons | Jun 29, 2020 | Business News
Supply disruption in top producer Chile, solid demand in top consumer China and dwindling stockpiles kept copper prices near five-month highs on Monday. Benchmark copper on the London Metal Exchange (LME) was up 0.1 per cent at $US5,963 a tonne at 1615 GMT, close to...
by dellons | Jun 29, 2020 | Business News
Gold prices were little changed overnight, but held close to a near eight-year peak scaled last week, as the accelerating spread of the coronavirus threatened to derail hopes of an economic recovery. Spot gold eased 0.1 per cent to $US1,769.52 per ounce by 1742 GMT,...
by dellons | Jun 29, 2020 | Business News
Oil prices rose about $US1 a barrel on Monday, after bullish data from Asia and Europe, but investors are wary about sharp spikes in new coronavirus infections around the world. Brent crude gained 69 US cents, or 1.7 per cent, to settle at $US41.71 a barrel. US crude...
by dellons | Jun 29, 2020 | Business News
Wall Street’s main indexes have inched up following a sharp sell-off last week, as investors cling to hopes of a stimulus-backed economic rebound even as coronavirus cases surge, while a jump in Boeing shares boosted the blue-chip Dow. The planemaker rose 7.3...
by dellons | Jun 29, 2020 | Business News
Seafolly Pty Ltd, an Australian swimsuit maker part-owned by French fashion giant LVMH Moet Hennessy Louis Vuitton SE, has appointed administrators, citing a sales downturn from the coronavirus. “Seafolly made the appointment because of the crippling financial...
