News
China says some Australian coal imports have failed to meet environmental standards, amid reports that 53 bulk carriers holding more than five million tonnes of Australian coal worth $500 million have been stranded off Chinese ports for a month, anchored and unable to unload.
Business
There are three major events on tomorrow – the Melbourne Cup, the RBA’ monthly board meeting and the US election. But the result of only one seems clear as it can be at this stage.
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The performance of the Australian and world stock markets since the shock coronavirus plunge in March has defied expectations. Is it sustainable or will continued global instability result in a second market dip and a W-shaped recovery, BDO Private Wealth Adviser Tony Simmons investigates.
Adelaide-based pharmaceutical company Mayne Pharma has reported a $92.8 million loss for the 2020 financial year, driven by asset write downs in its generic medicines business.
South Australia’s largest company Santos has reported a $402 million ($US289 million) loss for the first half of 2020, following months of low oil and gas prices and the coronavirus pandemic.
China has announced an anti-dumping investigation into Australian wine, a move which today smashed the share price of Penfolds owner Treasury Wine Estates and could potentially deal a savage blow to the state’s massive wine industry.
