Business
Construction materials company Adelaide Brighton Limited is withdrawing its earnings guidance for 2020, citing the uncertainty in relation to the duration and impact of COVID-19.
Business
Adelaide-based oil and gas producer Santos has posted a seven per cent rise in annual net profit, as a jump in production helped offset weaker commodity prices across the year.
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The Australian share market has dived to near two-year lows amid a global stock sell-off, with energy and mining stocks bleeding red and the banks also suffering in early trade.
Australian shares have continued to gain ground as Asian markets recover from two days of heavy falls.
The plunge in US stocks has infected Australian shares, with the local bourse opening sharply lower in a “bloodbath” after the Dow industrials hit its biggest one-day decline in history.
Investor uncertainty about the US economy, President Donald Trump’s controversial executive orders and lower oil prices have pushed the Australian share market lower.
