Wall St jumps as coronavirus deaths slow

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The S&P 500 was on track to recoup about $US1 trillion ($A1.6 trillion) in market value in a frantic rally after New York, the biggest US coronavirus hot spot, reported a fall in daily deaths, raising hopes that the pandemic could level off soon. All three main stock indexes jumped […]

Stocks jump on virus hopes

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World stock markets have jumped, encouraged by a slowdown in coronavirus-related deaths and new cases, though a delay in talks between Saudi Arabia and Russia to cut supply sent oil tumbling again. Equity investors were encouraged as the death toll from the virus slowed across major European nations including France […]

RBA to assess whether QE needs tweaking

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The Reserve Bank board will consider whether its bond-buying program needs tweaking when it holds its first monetary policy meeting since unveiling a historic suite of stimulus measures to combat the impact of the coronavirus pandemic. Board members decided at a March 18 emergency meeting that Australia’s economy would likely […]

Dwell Breaking Information, US, World, Enterprise, Finance

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When choosing a enterprise concept, it is sensible to have a look at your strengths, skill set, and stuff you’re already enthusiastic about. With over a hundred and forty,000 apps built, AppInstitute is the primary app building software for resellers By using highly effective software you’ll be able to build […]

ACCC pauses NBN inquiries due to virus

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The competition watchdog is providing regulatory relief to the telecommunications industry on two fronts to allow the sector to better respond to the COVID-19 pandemic, its chairman says. Australian Competition and Consumer Commission chairman Rod Sims told the CommsDay telecommunications summit via Zoom the agency paused two inquiries into the […]

Seek defers dividend, eases payment rules

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Seek has postponed its dividend and is allowing customers some payment concessions due to the coronavirus pandemic. Seek told the share market on Monday it would defer its first-half dividend to July 23 and was reducing costs to better manage cash flow. The business will also draw down some undrawn […]

Virus-hit Flight Centre to raise $700m

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Virus-cruelled travel firm Flight Centre is tapping investors for $700 million as business grinds to a halt amid widespread travel bans and shutdowns. Managing director Graham Turner has also announced the company had secured an extra $200 million loan from existing lenders to stop it becoming one of the businesses […]

Battling traders seize virus loan scheme

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Small and medium businesses have borrowed more than $150 million from the Commonwealth Bank as they battle the effects of the coronavirus pandemic. The loans are part of the federal government’s Coronavirus SME Guarantee Scheme, which became available on March 23. The government guarantees 50 per cent of the loan […]

Gold rises on bleak US payrolls data

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Gold prices edged higher after gloomy US nonfarm payrolls data magnified the economic toll from the coronavirus, although a stronger dollar capped bullion’s advance. Spot gold was up 0.4 per cent to $US1,619.40 per ounce on Friday. US gold futures settled 0.5 per cent higher at $US1,645.70 per ounce. “Gold […]

Saudi-Russia dispute to pressure oil price

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Global benchmark oil prices are expected to open lower as a dispute between top crude exporters Russia and Saudi Arabia raises concerns of another collapse in talks to curb production at a meeting this week. The move lower may be muted as the market reacts to US President Donald Trump’s […]