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Gold firms above $US1,800/oz on virus woes

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Gold prices firmed above the key $US1,800 level overnight, underpinned by concerns over mounting coronavirus cases globally as many regions reintroduced curbs to restrict the outbreak.

ASX lower as tech darlings whacked

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The Australian stock market has closed lower, dragged down by weakness in technology stocks after a stellar run.

Vic arrivals virus tested after WA landing

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Anyone who flies into Western Australia from coronavirus-stricken Victoria will be immediately tested for COVID-19 when they land and travellers from NSW could be next if the outbreak there worsens.

Oil slips on infections, US-China tension

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Oil prices slipped about 1 per cent overnight after global coronavirus cases rose by a record daily amount, fanning fears of renewed government lockdowns, and on growing US and European tension with China.

Gold above $US1,800/oz as virus cases rise

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Gold prices firmed above the key $US1,800 level overnight, as surging US coronavirus cases boosted hopes for more stimulus measures by the Federal Reserve to cushion the economic fallout from the pandemic.

More charges in WA $22m public sector rort

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A fourth person has been charged with corruption offences in relation to a $22 million public sector rort in Western Australia.

ASX closes up 1% as banks, miners gain

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Major moves by banks and mining companies have given the local bourse a strong start to the week even as local coronavirus cases surge.

Oil Search flags up to $576m write-offs

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Oil Search plans to write off up to $US400 million ($A576 million) due to the outlook for oil and gas prices and the shutdown of a gold mine.

Banks early winners as ASX jumps

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Australian shares have jumped nearly 1.5 per cent in early trade, with investor sentiment buoyed by a strong closing on the US markets last week on hopes of a coronavirus treatment.

Oil rises as demand upgraded in forecast

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Oil prices climbed more than 2 per cent on Friday after the International Energy Agency (IEA) bumped up its 2020 demand forecast but record-breaking new coronavirus cases in the United States tempered expectations for a fast recovery in fuel consumption.

Gold slips as higher equities weigh

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Gold fell on Friday as gains in US equities trimmed flows into bullion, which was still on track for a fifth straight weekly gain after soaring to its highest level in nearly nine years last week on surging COVID-19 infections.

Aust shares slip for fourth day this week

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The Australian share market has finished lower for the fourth time this week as investors ponder the impact of virus lockdowns in Victoria.

WA delays easing final virus restrictions

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Western Australia will delay easing its final COVID-19 restrictions by at least two weeks as it monitors the outbreak in Victoria, which recorded 228 COVID-19 cases overnight.

Australia to slash international flights

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International flights arriving in Australia will be halved to ease the pressure on hotel quarantine systems around the country.

Aust shares slip as virus rattles US

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Shares on the ASX have slipped early after Wall Street investors worried about the impact of renewed lockdowns in some US states due to surging coronavirus cases.

Oil falls amid worries about US demand

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Oil prices fell about $US1 a barrel overnight as investors worried that renewed lockdowns to contain the spread of coronavirus in the United States would again sink fuel consumption.

Gold loses steam in drift to US dollar

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Gold prices retreated overnight, a day after vaulting to nearly nine-year highs, as investors embraced the safe-haven greenback in the face of record US coronavirus cases.

ASX gains as Afterpay soars

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The Australian share market has finished higher, propelled by solid gains by Afterpay as well as gold prices hitting their highest levels in nearly nine years.

WA tightens border with Victoria

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Western Australia will tighten its border with the east coast from midnight as coronavirus cases continue to grow in Victoria, which reported 165 new infections overnight.

Worley buys out TW Power stake for $20m

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Engineering company Worley has bought out Spanish urban transport company Ferrovial's half-stake in TW Power Services for $20 million, acquiring complete ownership.

Shares rise after US markets end higher

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Shares have gained more than half a per cent early on the ASX after a strong lead from US markets on hopes of economic recovery.

Oil higher on improving US gasoline demand

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Oil prices settled higher overnight as US gasoline consumption showed signs of a recovery, but price gains were limited by rising crude inventories and an increase in coronavirus infections.

Gold smashes $1,800 in rush for safety

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Gold soared past the technical $US1,800 threshold overnight, scaling its highest since September 2011, as investors bolted for safety from the novel coronavirus and central banks poured in powerful stimulus to cushion its economic fallout.

Shares slip 1.5% amid rising virus fears

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The Australian share market has suffered its worst drop in nearly two weeks amid worries about rising virus cases in Victoria and overseas and following a drop in US markets.

Australia set to cap international flights

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Australia will reduce the number of international flights entering the country to ease pressure on hotel quarantine amid Melbourne's coronavirus outbreak.

Alcoa, Alumina JV faces $919m tax bill

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Alumina Limited says its joint venture with aluminium giant Alcoa has been assessed $212 million in back taxes over historical alumina sales to a government-operated aluminium plant in Bahrain.

Job plan rejig as Victoria bleeds billions

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Scott Morrison has confirmed there will be a further phase of income support once coronavirus welfare programs expire in September.

Home loan inquiries up 90%

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Aussie Home Loans recorded a 90 per cent year-on-year increase in Western Australian home loan inquiries in June, following federal and state government housing stimulus packages.

Oil steadies, helped by economic data

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Oil prices settled little changed overnight as demand concerns due to a new surge in coronavirus cases overshadowed US government forecasts for lower production.

Gold close to key mark as infections spike

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Gold bounced back overnight, within a striking distance of the key $US1,800 per ounce level, as a sharp jump in COVID-19 cases boosted hopes for more accommodative monetary policy measures and demand for the safe-haven metal.

Aust shares flat as Melb back in lockdown

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The Australian share market has closed flat despite strong overseas leads as traders ponder the impact of a sharp rise in new coronavirus cases in the country's second-most populous state.

International arrivals into WA capped

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International arrivals into Western Australia are being capped at 525 people each week to avoid straining the state's COVID-19 hotel quarantining system.