Bloomberg Some of the biggest mining and energy companies are scrambling to respond to tightening controls on movement inside Australia — the biggest exporter of iron ore and liquefied natural gas — by temporarily rehousing employees and their families thousands of miles from home. About 800 so-called fly-in fly-out (FIFO) mining workers have been relocated to Western Australia for potentially …

Bloomberg TC Energy Corp sold US dollar-denominated bonds just as the company’s new loonie notes rally in their trading debut. The pipeline operator’s C$2 billion ($1.4 billion) 3.8% debt due 2027 is quoted at a spread of about 300 basis points over Canadian government bonds after pricing on April 1 at 325 basis points, according to Bloomberg Valuation bid prices. …

Bloomberg Athabasca Oil Corp fully suspended its Hangingstone oil sands operation to combat low oil prices and uncertainty surrounding coronavirus. The move comes shortly after Athabasca said in March it would curtail production at Hangingstone by about 50% to maximise corporate funds flow and liquidity. Calls have been mounting for Canadian producers to cut production in light of rock-bottom domestic …

Bloomberg South African wind energy producers questioned the legality of a decision by the state power utility to curtail purchases of their output, amid low demand caused by a nationwide lockdown to deal with the coronavirus outbreak. The South African Wind Energy Association (SAWEA) said Eskom Holdings SOC Ltd’s decision to invoke force majeure in its contracts with the independent …

Bloomberg UK house prices were climbing at the fastest pace in more than two years before the coronavirus pandemic almost brought the market to a standstill, according to Nationwide Building Society. Values rose 3% from a year earlier in March, and gained 0.8% from February alone, the mortgage lender said. The sample period excludes recent disruption caused by UK’s restrict- …

Bloomberg Apple Inc’s most important manufacturing partner has reassured investors it can still get the latest 5G-enabled iPhones ready for an autumn launch despite global Covid-19 upheaval. Hon Hai Precision Industry Co, which makes most of the world’s iPhones, told investors it’s lost time to travel restrictions and other disruptions caused by the coronavirus pandemic. But with months to go …

Bloomberg A group of German startups are working on an application that will help the government track people who have been exposed to the novel coronavirus and, ultimately, ease restrictions when the pandemic begins to subside. Startups including insurance firm Wefox Group Services GmbH, software provider Finleap and artificial intelligence platform Arago announced the app in a website. Arago, which …

Bloomberg Tesla Inc’s new Model Y has what people have come to expect from Elon Musk’s cars: It’s lightning quick, handles nicely and has better electronic gadgetry than its competitors. Unlike past Tesla offerings, early versions are rolling off the assembly line looking more like you’d expect from a company with a handle on the finer points of car building, …

Bloomberg Spotify Technology SA is offering parents cooped up at home a new way to entertain their kids. The Swedish audio streaming giant will roll out a kids app in the US, Canada and France, the company said. The new app includes more than 8,000 songs, as well as audio books and bedtime stories, all of which are handpicked by …

Bloomberg Banks are under increased pressure to raise loan margins in the Greater China region as the coronavirus pandemic weakens lending and a global dollar liquidity squeeze pushes up funding costs. That’s a key takeaway from a Bloomberg survey of 15 major syndicated loan arrangers operating in the region, including international and Chinese banks. The survey was conducted between March …