US crude prices settled lower, falling about 3.0 per cent as domestic stockpiles were expected to have risen closer to record highs amid tightening storage despite plans to cut production during the COVID-19 pandemic.
WA has recorded one new coronavirus infection overnight. The state's active cases have fallen to 47. WA has received a further $4 million worth of PPE.
The Australian share market has closed down marginally after another dip in oil prices outweighed gains by the tech and consumer discretionary sectors.
A Perth clinical research company wants healthy adults and elderly volunteers to participate in one of the world's first human coronavirus vaccine trials.
Brent crude fell below $US20 a barrel and US crude plunged 25 per cent, driven lower by skittish investors fleeing the US benchmark due to lack of available storage to deal with a coronavirus-induced collapse in demand.
Gold fell on Monday as US Treasury yields rose and plans by many countries to ease coronavirus-induced lockdowns whetted investor appetite for riskier assets, but unprecedented stimulus measures from governments provided underlying support.
The state has recorded one coronavirus death and two infections overnight. Roger Cook has urged Western Australians to only leave home for essential purposes. Scott Morrison says social distancing measures will not apply in classrooms.
The State School Teachers’ Union of WA is encouraging parents to keep students home where possible, highlighting increasing divisions over the state government’s plans to recommence face-to-face learning next week.
STA Travel has been ordered to pay $14 million in penalties for misleading advertising related to a product that purported to let consumers change the dates of their flights without fees.
Oil has extended its rebound after major oil-producing nations said they would accelerate planned production cuts to combat the dramatic slump in demand due to the COVID-19 pandemic.
Gold prices jumped as much as 1.5 per cent to more than a one-week high overnight, after hopes of more stimulus from the United States to cope with a coronavirus-led lockdown.
Mark McGowan says parents are within their rights to ask for reduced school fees if their children aren't being taught in person, after numerous private and independent school bodies said in recent days that they would not resume face-to-face learning as normal in term two.
The Australian share market has treaded water for a second straight day, with gains for mining and energy stocks outweighed by losses for the rest of the market.
Mark McGowan has vowed to press on with the reappointment of John McKechnie to the state’s top anti-corruption body, after the committee overseeing the CCC again declined to provide support to the nomination.
Data demand in Western Australia has surged more than 50 per cent since the state government introduced broad social distancing measures, according to latest figures from NBN Co.
Brent crude oil rebounded from two days of losses and US futures surged bolstered by tentative talk of additional supply cuts from OPEC producers and US inventory builds that were less dire than some expected.
Gold prices jumped as much as 1.9 per cent overnight on expectations of more stimulus measures amid massive economic damage due to restrictions around the world to slow the novel coronavirus.
Western Australia marked its second day without any new COVID-19 cases, Health Minister Roger Cook said around a quarter of all deferred elective surgery may resume as of next week, and the federal government announced its intentions to stockpile $100 million of fuel.
S&P Global Ratings has lowered its credit rating on Virgin Australia to CC from CCC, saying it expects the company's unsecured debt providers will be forced to accept less value than they are owed as part of the company's debt restructuring process.
Retail turnover surged by a monthly record of 8.2 per cent in March as consumers rushed to stockpile groceries and office supplies ahead of COVID-19 lockdowns.
Curtin University has been named one of the top online MBA providers in the world by QS World University Rankings, the only Western Australian university to appear on the list.
The owner of Hollywood and Joondalup hospitals plans to raise $1.4 billion to help it deal with the adverse financial impact of the coronavirus pandemic, with St John of God Health Care also having to manage a sharp slowdown in its normal business.
