Investors are worried about the coronavirus outbreak – not because they are moral pundits wishing for world health – but because a disease pandemic means trade is restricted.Australia is currently one of the biggest exporters of iron ore and coal to China. It's estimated just shipping iron ore to China is worth $120 billion a year to Australian businesses.
World Health Organisation chief Tedros Adhanom Ghebreyesus said the spread was deeply concerning but it was not yet a pandemic. "Does this virus have pandemic potential? Absolutely, it has. Are we there yet? From our assessment, not yet", he said on Monday.
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Aussie dollar hits 11-year low as market drops $50 billionInvestors have been spooked by warnings that the coronavirus will restrict trade on Australian commodities like iron ore. I guess that will be good for our exports? Wow, that will stimulate economy as well as pathetically low interest rates... not Gold is up
स्रोत: 9NewsAUS - 🏆 10. / 72 और पढो »
Aussie dollar hits 11-year low as market drops $50 billionInvestors have been spooked by warnings that the coronavirus will restrict trade on Australian commodities like iron ore. I guess that will be good for our exports? Wow, that will stimulate economy as well as pathetically low interest rates... not Gold is up
स्रोत: 9NewsAUS - 🏆 10. / 72 और पढो »
स्रोत: smh - 🏆 6. / 80 और पढो »