Business
ASX ends higher; Gold hits record of $US1944 an ounce – The Australian Financial Review
The Australian sharemarket has closed higher as Newcrest and Northern Star rally more than 4 per cent. Spot gold price is trading around $US1934 an ounce after hitting a record high of $US1944 an ounce. RBA’s Chris Kent urges banks to sign up to term funding …
Goldman Sachs has warned the second wave of COVID-19 lockdowns in Melbourne could prompt a second round of capital raisings, with a number of companies likely to bolster their balance sheets in the midst of earnings season.
While the flurry of capital raisings witnessed during April and May has subsided slightly, investors could soon be asked to stump up more cash as the full earnings impact of COVID-19 is revealed.
Goldman Sachs’ Matthew Ross. Josh Robenstone
“With 2nd wave risks rising and …
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