Oil futures tumbled overnight after US President Donald Trump said he was working on a strong response to China's proposed security law in Hong Kong and as some traders doubted Russia's commitment to deep production cuts.
Gold fell overnight to its lowest price in two weeks as the easing of coronavirus restrictions around the world fed optimism that the global economy could rebound.
The Australian share market has been unable to extend its rally into a third day, fading in the late afternoon to close marginally lower despite a stupendous rally by the banking sector.
Vitamin producer Blackmores has announced an equity raising of up to $117 million to strengthen its balance sheet during the coronavirus crisis, but executive director Marcus Blackmore won't be participating.
A conciliatory premier Mark McGowan has conceded he did not have the full picture yesterday when he criticised the federal government’s handling of the live sheep carrier that entered Fremantle harbour with sick crew members.
Oil prices rose overnight, supported by signs that producers are following through on commitments to cut supplies and as fuel demand picks up with coronavirus restrictions easing.
Gold fell by more than 1 per cent overnight as major economies further eased coronavirus-linked restrictions, fuelling hopes for economic recovery and bolstering risk appetite.
The Australian share market has enjoyed its best day in seven weeks, outperforming its Asian peers amid optimism over a gradually reopening of the world economy.
Six crew members aboard a live export ship that arrived in Fremantle last week have tested positive to COVID-19, despite being cleared by a federal department, Premier Mark McGowan said.
Local Government Minister David Templeman has issued the Town of Cambridge with a 'show cause' notice, giving the council 21 days before it is suspended for a period of up to six months.
Gold eased overnight in holiday-thinned trade as some investors took profits, though lingering US-China tensions and extensive stimulus measures by governments worldwide limited decline.
Oil prices edged up overnight in sluggish trading with holidays in Singapore, London and New York, as rising concerns over demand recovery offset supply cuts.
Leederville-based startup InteliCare had a positive start to trading on the ASX today, with its shares closing at 31.5 cents each, more than 50 per cent above their issue price.
The Master Builders Association is seeking more than $13 billion for a building and construction stimulus package which it claims will support an economic recovery, including subsidies for new home building and for rennvations.
Oil prices have tumbled about 2 per cent on rising US-China tensions and doubts about how quickly fuel demand would recover from the coronavirus crisis.
Gold prices will start the week higher after intensifying US-China tensions compounded fears of a slow recovery in a global economy already reeling from the coronavirus pandemic.
Myer says it will reopen all of its stores, with Perth City due to reopen next Wednesday, in line with most other stores around the country, while its Karrinyup store is set to reopen next weekend once a refurbishment project is complete.
BHP has selected former iron ore boss Edgar Basto to lead its Australian mining operations, after he served as acting minerals president since the appointment of chief executive Mike Henry last year.
The biggest player in Australia’s litigation funding market has supported new licensing rules proposed by the federal government while also pushing for the new requirements to be extended to law firms.
Wesfarmers has outlined plans to halve Target's 284-store network and slash jobs after a review found financial performance unsustainable at the troubled Target business.
Global benchmark Brent rose more than 1 per cent overnight to its highest price since March, supported by lower US crude inventories, OPEC-led supply cuts and recovering demand as governments ease coronavirus restrictions on people's movements.
