Australian Associated PressOil Search launches $1.2b capital raising
PNG and Alaskan-focused firm Oil Search is embarking on a $1.16 billion capital raising to withstand an prolonged period of low oil prices.
- Australian Associated Press
Wall St jumps as coronavirus deaths slow
US shares have opened higher amid signs investors were hopeful about efforts to stop the spread of the coronavirus.
- Australian Associated Press
Bank of Israel cuts key rate to 0.10%
Israel's central bank has cut its benchmark interest rate from 0.25 per cent to 0.10 per cent.
Australian Associated PressAussie shares start week with strong gains
The Australian share market has rallied, with all sectors gaining amid a fresh show of coronavirus volatility.
Australian Associated PressFlight Centre, Reece to tap investor cash
Flight Centre is tapping investors for $700 million and plumbing firm Reece $600 million to help keep them afloat during the COVID-19 crisis.
Australian Associated PressCaltex to extend planned refinery shutdown
Caltex Australia will bring forward and extend the shutdown of its Lytton refinery as the coronavirus pandemic puts pressure on demand.
Australian Associated PressSeek defers dividend, eases payment rules
Jobs website Seek has postponed its dividend and is allowing customers to forgo monthly spending obligations to help them during the coronavirus pandemic.
- Australian Associated Press
US stocks fall as virus shreds US payrolls
US stocks have closed more than 1.5 per cent lower after the release of a jobs report that showed that 701,000 jobs were lost in March.
Australian Associated PressAussie market remains 'sensitive' to virus
The coronavirus-affected Australian stock market could see a gain of 0.9 per cent on Monday, but may not finish that way.
Australian Associated PressLufthansa CFO resigns for health reasons
Lufthansa chief financial officer Ulrik Svensson has announced his resignation from the airline for health reasons.
Australian Associated PressASX loses more ground despite strong open
The Australian share market has given up its early gains and closed down 1.7 per cent but still had the best weekly performance since 2011.
Australian Associated PressPanic buying gives retail spending a boost
Retail spending rose by a better than expected 0.5 per cent in February as people stocked up on essential items ahead of the onset of the COVID-19 pandemic.
Australian Associated PressTap and pay limit doubled to $200
The contactless card PIN limit has been doubled to $200 for an initial three-month period in a move designed to prevent transmission of the coronavirus.
Australian Associated PressClass action filed against Treasury Wine
Slater + Gordon has filed a class action lawsuit against Treasury Wine Estates, saying the winemaker breached its continuous disclosure obligations.
Australian Associated PressAgents face jail for renter super advice
ASIC said it is aware some real estate agents are advising tenants who are unable to pay their rent to consider dipping into their superannuation.
- Australian Associated Press
Rio declares force majeure on US plant
Mining company Rio Tinto has declared force majeure after a magnitude 5.7 quake affected operations at its copper mine and smelter in Utah.
Australian Associated PressSantos investors air fears over CSG plan
Santos shareholders have criticised the oil and gas producer over its controversial coal seam gas proposal for Narrabri during its annual general meeting.
- Australian Associated Press
Fed govt to issue $5b of bonds per week
The federal government will issue around $5 billion in new bonds every week as it ramps up spending to deal with the economic impact of the COVID-19 pandemic.
Australian Associated PressFarming sector can beat COVID-19: Rabobank
A low Australian dollar could help the nation's farming industry weather the COVID-19 storm, according to Rabobank.
Australian Associated PressASX drops 2% in 'win for the bulls'
Australian stocks have closed 2% lower, but with a huge COVID-19 death toll projected in the US, one analyst noted the losses could have been much worse
- Australian Associated Press
Australia dollar feels coronavirus jitters
The Australian dollar has fallen one per cent from it's overnight high, in volatile trade as investors show their nervousness during the COVID-19 pandemic.
Australian Associated PressCBA increases coronavirus loan support
Commonwealth Bank has announced it will make a one-time payment to all customers who are receiving a home loan deferral because of the coronavirus.
