Westpac has joined rival ANZ in deciding to not pay an interim dividend to shareholders after it posted a first-half profit slide because of hefty impairment charges related mainly to the COVID-19 pandemic.
US President Donald Trump's threat to impose new tariffs on China has helped gold prices climb by more than one per cent but bullion was on track for its worst week since mid-March.
Oil producers should start the week buoyant after two industry benchmarks posted their first weekly gains in four weeks as OPEC and its allies cut output to tackle a supply glut from the coronavirus crisis.
The National Cabinet has brought forward its decision to ease restrictions. The federal government will inject a further $205 million into aged care. Western Australia has reported zero new coronavirus cases overnight. The state government will launch a COVID-19 testing program in schools.
Western Australians broadly approve of the state government’s efforts to suppress COVID-19 but are becoming concerned about their own economic security, according to new research into the community’s response to the pandemic.
Retailers, shopping centre owners and shop assistants have joined forces to sell a plan to get people back into their stores and protect everyone's health.
Shares have slumped at the start of trade on the Australian stock market as investors respond to more global economic gloom from the coronavirus pandemic.
Gold prices fell overnight as investors liquidated their long positions, but was en route to its best month since August based on massive amounts of stimulus intended to help the economy recover from the COVID-19 outbreak.
Oil prices jumped overnight after producers said they would cut output and as signs the US crude glut was not growing as quickly as many feared resulted in an upbeat close.
Western Australia has recorded zero new coronavirus cases and seven new recoveries. The state's total active cases has fallen to 36. Premier Mark McGowan has extended WA's State of Emergency by 14 days. TABs and national parks to reopen.
Department of Finance director general Jodi Cant has been recognised for her work in government, winning the Telstra Business Woman of the Year award for WA.
Australia's largest car dealership chain says it laid off 1,200 employees last month as an initial response to the COVID-19 pandemic and associated lockdowns.
Virgin Australia's administrator has disclosed that at least 20 parties have expressed interest in buying the debt-laden airline, with reports today mining magnate Andrew Forrest is among the potential bidders.
Fortescue Metals Group has upgraded its annual iron ore shipments forecast after it reported a 10 per cent rise in third-quarter shipments and said it had managed to keep a lid on costs amid the coronavirus pandemic.
ANZ Banking Group will hold off paying shareholders an interim dividend as its first-half cash profit plunges 62 per cent on a $1 billion COVID-19 hit, and the prospect of more pain to come.
Woolworths has reported a 10 per cent jump in food sales at its Australian supermarkets for the third quarter, due to panic buying amid the coronavirus pandemic.
Oil prices surged more than 10 per cent after US crude stockpiles grew less than expected and gasoline posted a surprise draw, feeding optimism that fuel consumption will recover as some European countries and US state ease coronavirus lockdowns.
Gold has fallen as optimism around the easing of coronavirus-led lockdowns and hopes of a potential treatment drug propped up risk assets, while investors awaited the US Federal Reserve's monetary policy statement later in the day.
One new case of COVID-19 was recorded in Western Australia overnight, more than 250 Australian residents arrived in Perth from South Africa this afternoon, and Prime Minister Scott Morrison has reiterated that emergency welfare measures will cease in September.
The state government and Australian Hotels Association have partnered to roll out a mandatory COVID-19 hygiene training course, ahead of a possible reopening of Western Australia’s hospitality venues in coming months.
Australian Medical Association of WA president Andrew Miller and the teachers’ union have called for personal protective equipment (PPE) to be provided for use in the classroom, in a message that runs counter to government advice.
Family Zone Cyber Safety has made two major announcements this morning ahead of its planned US expansion, securing $10 million in funding and appointing a former Google executive to its board.
