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Recent and archived work by AAP for The Bull:

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…

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…

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…

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…

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…

Target AHG downgrades FY profit guidance

Takeover target Automotive Holdings has downgraded its profit guidance and warned that its full-year results could also contain writedowns. AHG – which last week recommended an improved offer from rival auto retailer AP Eagers – said on Tuesday that challenging retail conditions and subdued trade in its refrigerated logistics division around Easter meant it expects…

Gold eyes best day in three months

Gold prices climbed and were on track for their best day in nearly three months overnight as investors sought a safe haven from market turmoil triggered by a Chinese announcement that it will retaliate over levies imposed by the US government. Spot gold climbed 1.1 per cent to $US1,299.30 per ounce after hitting $US1,301.10, its…

ASX expected to fall as Wall Street slumps

The Australian share market is expected to open lower after large falls on Wall Street overnight. The SPI200 futures contract was down 54 points, or 0.86 per cent, at 6,243.0 at 0700 AEST, suggesting a negative start for the benchmark S&P/ASX200 on Tuesday. On Wall Street, the Dow Jones Industrial Average was down 2.38 per…