News

Osborne Park-based edtech company Schrole Group has successfully raised $5 million through a share placement and convertible notes ossie, with US-based Faria Education Group set to acquire a 20 per

The state government has announced millions of dollars in grants for Western Australia’s tourism businesses, ahead of a staged reopening of the state’s regions and businesses in the coming weeks.

Commonwealth Bank is setting aside $1.5 billion for potential defaults on account of COVID-19-related shutdowns and will sell a majority stake in its Colonial First State wealth management unit, as it braces for an economic slowdown and falls in house prices.

Shares have slumped by 1.7 per cent in early trade on the Australian market after the top US infectious disease expert warned of re-opening the economy too soon.

Shares have slumped by 1.7 per cent in early trade on the Australian market after the top US infectious disease expert warned of re-opening the economy too soon.

China asked to explain beef curbs

Oil prices rose overnight after OPEC's de facto leader, Saudi Arabia, said it would increase supply curbs in June, while other members of the oil-producing group said they want to extend the deep cuts reached in April for a longer period than originally agreed.

Gold rose overnight on expectations of more stimulus from the US Federal Reserve to support an economy battered by coronavirus-induced restrictions, while an easing US dollar lent further support.

The Australian share market has given up most of Monday's gains, with all but two sectors falling amid fears of a second wave of coronavirus cases spreading in Europe and Asia.

Western Australia has reported one new coronavirus infection overnight. More than 200 people quarantining on Rottnest Island will return to the mainland tomorrow. Premier Mark McGowan says the state will keep Rottnest as a quarantine facility for now.

Premier Investments is reopening the remainder of its closed stores in Australia and New Zealand this week - but some may not stay open for long.

Stocks on the Australian market have slipped by more than 0.9 per cent in early trade after mixed results in the US overnight.

Suitors run ruler over lithium play

Oil prices fell overnight as investors worried about a second wave of coronavirus infections, but new output cuts from Saudi Arabia tempered worries about oversupply and limited price losses.

Gold prices retreated overnight as the dollar benefitted from safe-haven buying driven by fears over a second wave of coronavirus infections.

The Australian share market has closed at its highest level this month, with gains across the board as optimism rose that the coronavirus lockdowns would soon be over.

WA businesses must prepare a COVID Safety Plan before reopening next week. Some cafés and restaurants as well as community facilities will reopen and non-contact community sports will resume. WA reported zero new coronavirus infections overnight.

Anthony Albanese believes the coronavirus has handed Australia a once-in-a-generation chance to reshape its economy and the nation must seize the opportunity.

Scentre Group says that 57 per cent of retailers at its 37 Westfield malls across Australia are open and trading, with significantly more shops to open over the coming weeks as the coronavirus lockdowns ease.

Western Australia's premier has defended not further relaxing coronavirus restrictions and promised a better deal soon for the state's pubs and restaurants.

Josh Frydenberg's first budget was a triumphant "back in black" performance but his second is predicted to show a $143 billion black hole in the nation's finances.

Investors have lifted share prices by more than 1.0 per cent in early trading on the ASX, with most sectors higher.

China cereal killer threat

Oil producers will be hoping for a third consecutive week of gains as more countries relax lockdowns intended to halt the coronavirus pandemic.

Investor optimism for a reopened economy has prompted gold to ease from its highest price in nearly two weeks.

Australian shares have finished higher, with retailers buoyant after Prime Minister Scott Morrison and the National Cabinet disclosed a roadmap to reopen the country for business.

The National Cabinet has introduced a three-step framework on easing coronavirus restrictions, with states and territories to decide on their own pace. Premier Mark McGowan on Sunday will announce which coronavirus restrictions will be lifted in Western Australia

Perth Airport has raised the stakes in its ongoing dispute with Qantas, giving the airline until Sunday to either begin negotiating an agreement on its outstanding fees or face expulsion from the airport.

Macquarie Group has halved its dividend after reporting an 8 per cent drop in full year profit, and said challenging market conditions due to the coronavirus pandemic make it hard to predict its fi

Telstra will take a $300 million impairment charge on its 35 per cent stake in Foxtel after the majority owner of the pay TV network, News Corp, wrote down its value.

Australia will get a three-stage plan for easing coronavirus restrictions with states and territories to change gears at different paces.

Australian shares have posted a solid rise in early trading, with energy and property stocks leading the gains.