Oil prices rose 3 per cent in volatile trade overnight as Wall Street surged and the International Energy Agency (IEA) increased its oil demand forecast for 2020, but gains were capped by worries about a second wave of coronavirus cases.
Gold edged up overnight as concerns over a fresh coronavirus outbreak in China countered a surge on Wall Street driven by a record rise in US retail sales and optimism over a COVID-19 drug.
The Town of Cambridge has launched legal proceedings against Local Government Minister David Templeman, on the same day it had been due to respond to the minister’s ‘show cause’ notice.
The Australian share market has rallied in its best day since April 6 after the US Federal Reserve began purchasing corporate bonds, sending a flood of cash into global markets.
The state government is poised to reveal its $4 billion plan for a new port at Kwinana as it seeks to ramp-up infrastructure projects to help kickstart the state’s economic recovery from COVID-19.
Oil prices rose more than 2 per cent overnight as signs that fuel demand was recovering, while OPEC+ members were complying with a production cut deal, outweighed fears that new coronavirus infections could further slow the global economy.
Gold fell more than 1 per cent overnight as the dollar hovered near a more than one-week high, but the metal held above $US1,700 an ounce, buoyed by fears of a second wave of coronavirus infections.
The Australian share market has closed sharply lower for a third straight day following a sell-off in the last 90 minutes of trade, amid fears of a second wave of COVID-19 infections in the US and China.
Curtin University will join Cisco, Optus, and La Trobe University to establish a new cross-industry alliance aimed at using their collective resources to address changing digital infrastructure and stimulate economic activity.
Newly appointed Boral chief executive Zlatko Todorcevski says there are no sacred cows in the company portfolio as he attempts to improve on recent disappointing results.
Super Retail Group has announced a $203 million equity raising to fund sales growth and working capital amid the disruption caused by the coronavirus pandemic.
Oil was little changed on Friday and logged a first weekly decline since April as new US coronavirus cases spiked, stoking fears of a second wave of the virus hitting fuel demand.
Gold prices gained on Friday as investors bought the safe-haven metal as fears of a fresh wave of coronavirus cases added to the gloomy economic outlook from the US Federal Reserve.
The Australian share market has plunged for the second day in a row, snapping a string of six consecutive winning weeks as fears rose about a second wave of coronavirus cases in the US.
Prime Minister Scott Morrison has said lifting coronavirus restrictions will be fast-tracked to allow more people into stadiums, pubs, restaurants, weddings and funerals, while acknowledging WA may keep its border shut through July.
Murdoch University has withdrawn legal action against staff and senate member Gerd Schröder-Turk after the academic had reportedly criticised the university’s admission processes for international students.
Shares have sunk about 2.5 per cent early on the Australian market as local investors pulled back following a slide on Wall Street on resurgent worries of virus infections in the US.
Oil prices tumbled by about 8 per cent a barrel overnight, fuelled by renewed concerns about demand destruction as new cases of coronavirus tick up globally, while crude inventories hit a record in the United States.
Gold eased overnight as the dollar firmed but fears over a fresh wave of coronavirus infections and the US Federal Reserve's pledge to keep interest rates low kept bullion close to its highest in over a week.
Alliance Aviation Services is seeking to raise up to $121.9 million to buy more jet aircraft to service additional charter customers in the mining, tourism and regional markets.
JB Hi-Fi has bumped up its full-year profit guidance following a surge in sales since March as customers forced to work from home boosted demand for home appliances and technology products.
Stocks on the Australian market have slipped by more than one per cent in early trade after a bearish outlook by the US Federal Reserve hit sentiment among local investors.
