News

Countries are re-evaluating their relationship with China after a series of aggressive moves by the Asian giant.

Victoria’s COVID coma

The Australian share market has suffered its worst day in five weeks, falling alongside overseas indices after a record contraction in the US economy.

All workers at BHP's Perth headquarters will be able to return to the office full-time from Monday.

Perth Mint stumbles into tax havens

Oil prices sank overnight following poor US economic figures and after US President Donald Trump roiled markets with a suggestion that the nation should delay its November presidential election.

Gold prices dipped overnight as investors holding short positions took profits after nine straight sessions of gains, although the outlook remained bullish with prices hovering near a record peak.

Western Australia's COVID-19 hotel quarantine system is again under scrutiny as the federal government continues to heap pressure on the state over its border closure.

The Australian share market has broken its two-day losing streak, with the gains making up for Tuesday's and Wednesday's losses.

Fears Chinese investors targeted to ‘game’ visa scheme

Oil prices rose overnight after a steep drop in US crude inventories, but another record day for coronavirus cases worldwide kept gains in check.

Gold prices gained in volatile trade overnight, nearing the last session's record peak at one point, after the US Federal Reserve vowed to keep interest rates near zero as the rapid rise in coronavirus cases dampens hopes for an economic recovery.

The Morrison government is considering providing paid pandemic leave to workers in a bid to curb deadly coronavirus outbreaks.

The Australian share market has closed lower as investors wait for a crucial meeting of the US Federal Reserve.

Lukoil may team up with Woodside

Oil prices fell overnight as US lawmakers prepared to wrangle over an economic stimulus package and investors worried about a rise in coronavirus cases worldwide.

Gold gained overnight as US Federal Reserve policymakers began a meeting that is expected to provide more monetary stimulus to support the coronavirus-hit American economy, though bullion pulled back from an all-time high reached earlier.

The Australian share market has given up its early gains to close lower, despite gold prices surging to a fresh all-time high.

Refund point operators and processors taking part in Western Australia's container deposit scheme will receive more than $830,000 to help with financial hardship caused by COVID-19.

PM willing to negotiate with WA in bid to get the borders back open

Oil prices rose overnight on hopes that stimulus efforts will help revitalise the US economy, but the gains were capped by rising coronavirus cases and tensions between Washington and Beijing.

Gold stormed to a record high overnight as investors sought refuge from the possible hit to a pandemic-stricken global economy from an escalation in the US-China spat, which pummelled the US dollar.

The Australian share market has edged higher as investors await direction from Wall Street ahead of a busy week of economic data.

Perth company director Sam Mangione has become the first person in Western Australia to face a possible jail term over a workplace safety incident.

State spends $5.5b but borders to stay shut

Oil prices rose on Friday, lifted by some supportive economic data, but tensions between the United States and China limited gains.

Safe-haven gold pierced the $US1,900 per ounce ceiling on Friday for the first time since 2011 as a worsening US-China row added to fears over the hit to a global economy already reeling from the coronavirus pandemic.

The ASX has dropped, continuing its see-saw action, following a slide on Wall Street as US deaths topped 1,100 for a third straight day.

AAA rating defies $184b deficit

Oil prices fell 2 per cent overnight as investors worried the US Congress may not agree on a stimulus package and as jobless numbers rose, while analysts prepared to cut energy demand forecasts as the number of coronavirus cases surges higher.

Gold prices jumped more than 1 per cent, just shy of the $US1,900 level overnight, boosted by an easing US dollar and hopes for more stimulus to revive virus-hit economies, while a rise in US jobless claims raised concerns of a slower economic recovery.

The ASX has closed higher after Treasurer Josh Frydenberg delivered a budget update that showed a deficit that was not as high as the market had feared.