Tesla has reported a small first-quarter net profit as its CEO ranted about the legality of government stay-home orders issued to prevent the coronavirus from spreading. The electric car and solar panel company on Wednesday said it made $A24 million from January through March, its third-straight profitable quarter.
Australia's largest listed gold miner has announced a $1.1 billion equity raising, in part to fund its $US460 million ($A703 million) further stake in a goldmine in southeast Ecuador.
Newcrest Mining's capital raising consists of a $1 billion institutional placement at $27.54 a share, a seven percent discount to Wednesday's closing price, plus a $100 million share purchase plan.
Australia's export price index rose by 2.7 percent for the three months to March 31, swinging from a 5.2 percent decline in December when increased global supply of coal, metalliferous ores and metal scrap had compounded subdued demand from China.
Disclaimer
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
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