Day: June 24, 2020

Oil falls 5% as US crude stocks hit record

Oil prices tumbled over 5 per cent, or more than $US2 a barrel overnight, after US crude storage hit another record and coronavirus cases rebounded in countries like Germany and surged in heavily populated areas of the United...

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Gold pulls back from record high

Gold weakened after hitting more than a seven and a half year high earlier overnight, with investors selling the precious metal along with other asset classes as a global rise in coronavirus cases led a flight to cash.

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CEDA announces staff cuts

The Committee for Economic Development of Australia has announced it will cut staff as part of what it is characterising as a broader operational transition.

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