Australian thermal coal prices fall to lowest since April 2018 on weak China demand
Australian thermal coal prices have fallen to their lowest since April 2018 as a slowdown in Chinese imports dents demand for the commodity.
Read more
Finance
Oil gains 1 percent after Saudi Arabia pledges more output cuts
Oil prices rose more than 1 percent on Tuesday after OPEC figures showed it cut production sharply in January, and as lead member Saudi Arabia said it would reduce its output in March by an additional 500,000 barrels.
Read more
New Zealand PM says exporters could suffer due to U.S.-China trade tensions
Prime Minister Jacinda Ardern said on Friday that trade tensions between the U.S. and China, which is New Zealand’s top trading partner, could affect exporters in the country and hurt its economy.
Read more
Finance opens new Payment Office at Vulupindi Haus Headquarter
By Meriba Tulo – EMTV News, Port Moresby Senior Management of the Department of Finance joined staff members at the
Read more
Feb fuel prices: Petrol, diesel & kerosene to increase
ICCC announces fuel maximum retail price for this month: price of petrol, diesel and kerosene to increase.
Read more
Fed’s Quarles says Chinese ‘downdraft’ weighs on global economic outlook
“downdraft” in the Chinese economy and the effect of ongoing trade negotiations are among the top concerns in the global economy, though U.S. growth is still solid, a Federal Reserve governor said on Wednesday.
Read more
Asian shares doze in data lull, New Zealand dollar takes a dive
Asian share markets were in a muted mood on Thursday and looked set for a sleepy session with China still on holiday and no major economic data on the diary.
Read more
Aussie under pressure after RBA’s dovish shift, yen firmer
The Australian dollar remained near a two-week low on Thursday, as investors wagered that interest rates would most likely be cut this year due to mounting growth risks at home and abroad.
Read more
U.S. oil prices dip on rising crude inventories, record output
U.S. oil prices dipped on Thursday after U.S. crude inventories rose and as production levels in the country stayed at record levels, but OPEC-led supply cuts and the crisis in Venezuela supported markets.
Read more
Australia vows to clean up financial sector after landmark misconduct inquiry
A special government-appointed inquiry excoriated Australia’s financial sector for misconduct on Monday, referring two dozen cases to regulators for possible legal action but leaving the structure of the country’s powerful banks in place.
Read more