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Recent and archived work by AAP for The Bull:

ASX on three day losing streak

SYDNEY, AAP – An otherwise buoyant Australian share market has been let down by its two biggest categories, mining and banks. Most industry categories were higher on Wednesday except for miners and banks. The miners fell victim to a decline in the iron ore price. The benchmark S&P/ASX200 index closed lower by 8.2 points, or…

Climate action may weaken Australia: Joyce

CANBERRA, AAP – Barnaby Joyce claims Australia’s economy could be weakened if it takes action on climate change at the expense of key export markets. The United Nations is using a meeting of world leaders in the US to emphasise how important it is for countries to pull their weight on emissions reductions. Acting Prime…

Snap lockdowns essential for now: Treasury

CANBERRA, AAP – Treasurer Josh Frydenberg has warned until 70 per cent of Australians are vaccinated, it is an economic imperative that governments move fast to get on top of coronavirus cases. “If they don’t, we see lengthier and more severe lockdowns which have a much more significant economic cost,” he told reporters in Canberra…

Asian stocks fall as virus worries return

TOKYO, RAW – Asian shares and US stock futures have fallen as concern about a resurgence of coronavirus cases in some countries cast doubt on the strength of global growth and demand for crude oil. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.6 per cent on Wednesday. Australian stocks dropped 1.25 per cent…

Petrol demand may never recover: report

NEW YORK, AP – The world’s once-insatiable demand for petrol is unlikely to recover to pre-pandemic levels, a report from the International Energy Agency says. Petrol use cratered during the pandemic as cities shut down and many people began working from home, a trend that will likely continue as the COVID-19 crisis eases. Many governments…

New highs as Wall St rides bull momentum

The S&P 500 and the Nasdaq has reached record closing highs as optimism over potential medical advances in the war against the coronavirus pandemic pushed all three major US stock indexes higher. The benchmark S&P 500 reclaimed its February closing high last week, confirming a bull market and the fastest recovery from a bear market…

Ruralco profit dips 3.7% on takeover costs

Ruralco’s first-half profit has dipped 3.7 per cent to $15.5 million after a jump in one-off costs including those associated with the agribusiness company’s proposed acquisition by Canadian fertiliser maker Nutrien. Revenue rose 2.7 per cent to $686.1 million and Ruralco raised its interim dividend after underlying profit was stable in line with guidance, but…

Girl stumbles on gold nugget near Bendigo

A young girl has stumbled across a gold nugget, estimated to be worth more than $30,000, near Bendigo. She was on a walk with her father, sister and dog on Sunday when they made the glittering find, the Bendigo Advertiser has reported. “I actually walked right past it but my daughter pretty much kicked it…

Kathmandu appoints CFO after role split

Kathmandu has appointed Chris Kinraid as chief financial officer as the New Zealand-based company makes a change it hopes will help it expand internationally. The outdoor clothing and equipment retailer said Tuesday it was splitting the previously combined CFO and chief operating officer roles, with Reuben Casey continuing as the latter with additional responsibilities. The…

Confidence slips after RBA holds rate: ANZ

Consumer confidence fell last week as Australians’ perception of the economy at large took a sharp negative turn following the central bank’s decision not to cut the cash rate, ANZ analysts say. The ANZ-Roy Morgan Australian Consumer Confidence index slid by 2.1 per cent from the previous week, with the “time to buy a household…