by dellons | May 26, 2020 | Business News
US stocks have jumped and the S&P 500 has breached 3000 points as optimism about a potential coronavirus vaccine and a revival in business activity helped investors overlook simmering Sino-US tensions. The benchmark index traded above the key psychological level...
by dellons | May 13, 2020 | Business News
The S&P 500 and Dow has slipped as Federal Reserve Chairman Jerome Powell warned of an extended period of weak growth and stagnant incomes, while he also dismissed speculation over negative interest rates. “There is a sense, growing sense I think, that the...
by dellons | May 8, 2020 | Business News
Australia’s central bank expects the economy to contract by 6 per cent this year and unemployment to peak at 10 per cent as businesses shut to curb the spread of the novel coronavirus. The Reserve Bank of Australia (RBA) cut interest rates twice in March to a...
by dellons | Apr 26, 2020 | Business News
Tasmania has tied Victoria for Australia’s best economic performance in CommSec’s quarterly State of the States report. It’s the first time since October 2009 that the Apple Isle has been on top of the performance rankings. CommSec has for the last...
by dellons | Apr 20, 2020 | Business News
China has cut its benchmark lending rate for the second time this year to reduce corporate borrowing costs and ease the impact of the coronavirus crisis on the world’s second-largest economy, according to state-run Xinhua news agency. The People’s Bank of...
