Oil plunged overnight, with US crude dropping almost three per cent as the market grappled with oversupply fears as increased US sanctions on Iran had more gradual impact than expected and US crude oil inventories […]
Supermarket giant Woolworths has lifted third-quarter grocery sales by 4.2 per cent, reaping the benefits of lower deflation and more favourable weather conditions. Comparable grocery sales for the 13 weeks to March 31 rose 4.2 […]
Aluminium and lead prices slid to their lowest in more than two years overnight as computer-driven funds sold after an options expiry amid concerns about demand in top metals consumer China. Traders said there was […]
Copper prices rose overnight as investors bet that top consumer China would respond to weak factory data by implementing fresh stimulus measures. Zinc also gained more than one per cent as surging premiums for cash […]
Drinkers around the world seem to be developing a taste for more expensive Australian wine, with the value of annual exports rising five per cent to $2.78 billion. Wine Australia chief executive Andreas Clark says […]
@ Copyright 2019 Australian Financial News
