
Billion dollar profit nosedive strikes Qantas
Qantas suffered a billion dollar-plus loss in profits in the first half of its trading year, dogged by both domestic and international travel restrictions due to the coronavirus pandemic.
Qantas suffered a billion dollar-plus loss in profits in the first half of its trading year, dogged by both domestic and international travel restrictions due to the coronavirus pandemic.
Santos has reported a $460 million ($US357) loss for 2020 amid significantly lower oil and gas prices and lagging global energy demand due to the COVID-19 pandemic.
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Understanding which companies represented good value while the market was low, and managing risk as cash was deployed, was critical in 2020 according to Taylor Collison.
The share prices of South Australia’s largest 10 publicly listed companies have risen by an average of 25 per cent in 2020 to outperform the market in a tumultuous year for stocks globally.
Reserve Bank governor Philip Lowe will share his views on what last week’s national accounts figures mean for Australia’s economic recovery from the coronavirus pandemic when he returns to the lectern today.
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.