Copper prices have hit a four-week high, boosted by coronavirus-linked supply disruptions and expectations of stronger demand, although gains were capped by caution over the pace of an economic recovery. Benchmark copper on the London Metal Exchange was up 2.9 per cent at $US5,163 a tonne at. Prices of the […]
ASX tipped to edge higher on Wall St rise
The Australian share market is tipped to edge higher after a strong overnight session on Wall Street, where investors were buoyed by signs coronavirus lockdown measures could begin to ease. The SPI200 futures contract was up 10 points, or 0.18 per cent, to 5,500.0 points at 0700 AEST on Wednesday, […]
Wall St up 2{4c4eada76ecf1be575223a4ba5c40f01738ab49b07447a5a057265ba4edb475a} on hopes of lockdown easing
Wall Street has risen more than 2.0 per cent on signs some economies would ease strict coronavirus-induced lockdowns, with investors also looking at quarterly earnings from JPMorgan and Johnson & Johnson for clues on the business hit from the outbreak. Early gains were broad based with a 4.3 per cent […]
Johnson & Johnson slashes outlook
Johnson & Johnson, anticipating significant impact from the COVID-19 pandemic, has slashed its 2020 sales forecast by billions of dollars and also cut its profit expectations. It’s one of the first major US corporations to report first-quarter earnings and likely a harbinger of things to come as the outbreak disrupts […]
JPMorgan 1Q profit plunges due to virus
JPMorgan Chase says that first-quarter profit plunged by 69 per cent from a year ago, as the bank set aside billions of dollars to cover potential losses tied to the coronavirus pandemic. Chase, the nation’s largest bank by assets, is among the first of the nation’s big companies to report […]
Every day Enterprise Your Agenda, Recent And Knowledgeable
All the pieces that it’s good to know to start out your individual enterprise. That is the place you may sell your expertise and assist them maintain their enterprise operating. With Travelport, as your lengthy-time period expertise companion, improve the effectivity of the booking course of and use business intelligence […]
InvoCare to defer payout, raise $200m
Funerals provider InvoCare is deferring its dividend and will ask investors to pitch in $200 million as a revenue decline accelerates due to coronavirus restrictions on memorial services. InvoCare on Tuesday announced it will offer 14.4 million new shares at $10.40 – a 7.8 per cent discount to the last […]
Global virus cases near two million
The number of confirmed coronavirus cases around the world is hovering around 2 million, but the lack of fresh hot spots has yielded a ray of optimism. The brunt of the disease has been felt most heavily in New York, Italy, France, Spain and the United Kingdom, but grim projections […]
Record falls in activity, confidence: NAB
Measures of Australian business and consumer sentiment suffered their steepest falls on record in March as whole sectors of the economy were shut down to stem the coronavirus, likely tipping the country into its first recession in three decades. National Australia Bank’s index of business conditions dived to -21 in […]
Afterpay still growing amid virus crisis
Afterpay says it is still seeing strong growth amid the coronavirus crisis and has no need to raise more money in the foreseeable future. With $541.1 million in cash on hand and $719.2 million in total liquidity as of March 31, the buy now, pay later giant says “downside scenario […]