Australian share market has best day in 23 years, adds $100 billion

Mining stocks, like Rio Tinto, were also fair game: investors swooped on rock-bottom prices and lifted the mineral house by 7.9 per cent.

Beverage bottler Coca-Cola Amatil and aged care provider Estia Health are among the latest ASX-listed firms to suspend earnings guidance amid coronavirus uncertainty. The pair join the likes of Virgin Australia, Flight Centre and Cochlear to freeze their outlook as the virus sends global markets into a tailspin and wreaks havoc on supply chains.Coca-Cola Amatil said on Tuesday it was removing expectations for mid-single digit earnings per share growth in 2020 after it first warned of COVID-19 impacts at its February full-year result.

"Since then we have seen a significant escalation of measures taken by governments in each of our markets in an effort to slow the rate of COVID-19 infection," the company told the ASX on Tuesday.The Aussie dollar was buying 61.17 US cents, up from a nadir of 60.96 US cents on Monday, which was its lowest level against its US counterpart since 2003.

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Poor public image troubles cotton industry as concerns over water growThe cotton industry is having a long, hard look at itself, after a survey finds that most urban Australians have negative perceptions about the crop. I told folks a thousand times, even when you don’t have symptoms, you can be positive and contagious. environmental vandals! [and don't get me started on those that grow rice!] Baffling to grow such a water intensive crop on the driest inhabited continent. Water must be allowed to flow or say goodbye to countless species (more)
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