News

The Australian share market has surged by as much as 2.6 per cent amid a global rally on signs the coronavirus death toll is slowing.

Gold prices surged over 2.0 per cent to a more than three-week high on Monday on expectations of global stimulus measures to counter the economic damage caused by the outbreak of the novel coronavirus.

Minderoo in cutthroat fight for supplies against ‘suitcases of cash’

Oil prices have slumped, pulling back from last week's gains after Saudi Arabia and Russia delayed a meeting of oil producers aimed at resolving growing worldwide oversupply as the coronavirus pandemic pummels demand.

WA confirms seven new COVID-19 cases and records its fourth death. The Westin Perth hotel will be used to quarantine health care workers. WA gains $5.5 million in PPE equipment. New rules have been announced to help charities.

The Australian share market has rallied by more than 4 per cent, with all sectors posting gains as the COVID-19 epidemic showed some signs of plateauing in Europe.

The announced closure of several regional newspapers has prompted the release of $5 million in federal government funding to "help keep local communities informed" during the coronavirus crisis.

Virus-cruelled travel firm Flight Centre is tapping investors for $700 million as business grinds to a halt amid widespread travel bans and shutdowns.

Australian shares have surged at the start of a new week despite a weak lead from virus-rattled overseas markets.

Future of FIFO mines is residential, says Pitt

Global benchmark oil prices are expected to open lower as a dispute between top crude exporters Russia and Saudi Arabia raises concerns of another collapse in talks to curb production at a meeting this week.

Gold prices edged higher after gloomy US nonfarm payrolls data magnified the economic toll from the coronavirus, although a stronger dollar capped bullion's advance.

The Australian share market has given up all of its strong early gains and then some, falling by more than 1.5 per cent for a second day.

Australia has moved into the suppression phase of the coronavirus. There were 22 new infections in Western Australia, and 217 new cases across the country. Places of worship taking part in religious services over Easter will be considered "workplaces".

An overnight oil price surge has fuelled a strong open for the Australian sharemarket, with big energy stocks climbing by as much as 18 per cent.

Power’s plan to reboot nation’s manufacturing

Crude prices posted their biggest-one day gains on record after President Donald Trump said he expects Russia and Saudi Arabia to announce a major oil production cut, and Saudi state media said the kingdom was calling an emergency meeting of producers to deal with the market turmoil.

The Australian share market has dropped again amid increasingly dire warnings about how bad the coronavirus crisis could get in the United States.

The Australian share market has lurched back into the red after US stocks were hammered overnight on warnings of a mounting coronavirus death toll.

Virgin could be allowed to crash for new airline

Oil prices have fallen after US crude inventories rose last week by the most since 2016, while gasoline demand suffered its biggest weekly drop ever due to the coronavirus pandemic.

Gold prices firmed as investors sought safe-haven assets after sombre US economic data exacerbated fears of an economic downturn amid increasing lockdowns and other restrictions globally to combat the coronavirus pandemic.

Health Minister Roger Cook said testing criteria for COVID-19 would expand as of tomorrow, 28 new cases in WA overnight; Premier Mark McGowan aired his grievances with the Artania cruise ship, and Andrew Forrest pledged $160 million towards procuring medical supplies and increasing testing in WA.

The Australian share market has rallied as coronavirus-fuelled volatility continues, even as the Reserve Bank released minutes showing members were worried about the likelihood of a recession.

Georgiou Group has secured $141 million worth of contracts across Australia in recent days, announcing it had been awarded major contracts in NSW and Queensland just one day after being named the preferred proponent for the City of Perth’s east end revitalisation project.

The Australian share market has opened two per cent higher as coronavirus-fuelled volatility continues.

Private hospitals join ranks to fight virus

Gold prices dipped over 2.0 per cent to their lowest level in a week as the US dollar firmed, but the metal was on track for a sixth straight quarterly rise on concerns about the global economic damage caused by the coronavirus pandemic.

Crude oil benchmarks ended a volatile quarter with their biggest losses in history, as both US and Brent futures were hammered throughout March on the global economic freeze due to the coronavirus pandemic and the eruption of a price war between Russia and Saudi Arabia.

The state government has announced new deregulated COVID-19 testing laws and a $1 billion economic health system stimulus package, while Health Minister Roger Cook revealed nine new coronavirus cases.

The wild ride for the Australian share market has continued with a 330-point swing that turned its early strong gains into an afternoon loss.

Despite tough market conditions, two experienced Perth-based lawyers have today launched Mason Ledger, a full-service commercial law firm touting several major recruits from across the legal spectrum.