Crude prices post biggest one-day gains

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Crude prices posted their biggest-one day gains on record after President Donald Trump said he expects Russia and Saudi Arabia to announce a major oil production cut, and Saudi state media said the kingdom was calling an emergency meeting of producers to deal with the market turmoil. Trump said he […]

Wall Street gains on oil price recovery

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Wall Street has bounced as a recovery in oil prices outweighed the shock of weekly jobless claims soaring past six million. Initial claims for unemployment benefits last week exceeded the top end of analysts’ estimates at 5.25 million, and US President Donald Trump has warned of more economic pain as […]

Australia dollar feels coronavirus jitters

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The Australian has been hit by a fresh bout of market jitters as grim forecasts for the length and depth of the coronavirus pandemic tested investor appetite for risk. The Aussie is managing to stay around 60.68 US cents, having fallen almost one per cent overnight to as low as […]

Job vacancies dip slightly before COVID-19

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Job vacancies in Australia edged only slightly lower during the summer bushfire crisis, though the figures have come too soon to reflect the spread of the coronavirus. In seasonally adjusted terms, the number of job vacancies decreased by 0.1 per cent in the February 2020 quarter and by 2.2 per […]

NZ freezes dividends to Australia’s big 4

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Australia’s big four banks won’t be able to receive dividends from their Kiwi subsidiaries during the coronavirus crisis as New Zealand’s central bank takes steps to protect its financial system. The banks have also agreed not to redeem any tier one capital instruments they had sold to investors until the […]

Gold up as virus fears boost safety buying

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Gold prices firmed as investors sought safe-haven assets after sombre US economic data exacerbated fears of a economic downturn amid increasing lockdowns and other restrictions globally to combat the coronavirus pandemic. Spot gold was up 0.6 per cent at $1,580.29 an ounce, having earlier risen as much as 1.8 per […]

Oil ends lower after US stockpiles jump

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Oil prices have fallen after US crude inventories rose last week by the most since 2016, while gasoline demand suffered its biggest weekly drop ever due to the coronavirus pandemic. Crude inventories rose by 13.8 million barrels last week, the US Energy Information Administration said. That was the biggest one-week […]

Aluminium prices hit four-year low

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Industrial metals prices fell sharply on Wednesday after data showed global factory output shrinking fast, with expectations of a vast supply surplus pushing aluminium below $1,500 a tonne for the first time since 2016. Benchmark aluminium on the London Metal Exchange was down 1.8 per cent at $US1,498 at after […]

Wall Street sinks as virus anxiety grows

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The Dow Jones has tumbled more than 700 points as investors fled to safe-haven assets after new orders for US-made goods plunged to an 11-year low and private payrolls fell for the first time since 2017. The blue-chip Dow and the S&P 500 had ended their previous session with their […]

Need Business Ideas? Strive Scratching Your Personal Itch

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WHOLESOME PETS DISCLAIMER: This knowledge is for instructional functions only and isn’t meant to switch the advice of your own veterinarian or doctor. For instance, if you know the way to combine CRM software program like HubSpot, you’ll be able to help small businesses transition their contacts on-line. It could […]