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The Final Record 2019
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Oil sinks after record US crude build
US crude prices fell to an 18-year low and Brent lost more than 6.0 per cent after the United States reported its biggest weekly inventory build on record, while global demand is expected to fall to quarter-century lows due to the coronavirus pandemic. The grim figures undercut the positive feeling […]
Bubs’ record quarter amid Chinese demand
Australian baby formula producer Bubs has reported its highest quarterly gross revenue thanks to booming demand in China for infant formula. Bubs’ $19.7 million revenue for the quarter ended March 31 was helped by sales in China more than doubling on the same period last year. Chief executive Kristy Carr […]
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 […]
Wall Street dips as record job growth ends
Wall Street has dipped as the novel coronavirus abruptly ended the longest spell of US employment growth on record, but declines were limited by a surprise expansion in the US services sector. The Labor Department’s report said a recession was under way as business activities have come to a standstill, […]
Gold jumps amid record high US job losses
Gold prices jumped to a two-week high overnight, after a record surge in US jobless claims dented the dollar and boosted expectations of further stimulus to cushion the global economic toll from the coronavirus pandemic. Spot gold rose 1.1 per cent to $US1,631.05 per ounce. “More countries are expected to […]
The Final Record 2019
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