News

Britain's EG Group had offered to acquire Caltex Australia for $3.9 billion in cash and separate shares to be issued in a newly listed company on the ASX.

Australian shares have opened flat amid mixed local news and after US markets and oil slid overnight on another coronavirus scare.

APA emerges as suitor for part of Woodside stake in Pluto-2 LNG plant

Gold has surged more than 1.0 per cent to fetch more than $US1,600 an ounce as Apple's surprise warning about the impact of the coronavirus outbreak fuelled concerns about global economic weakness, driving investors to lower-risk assets.

The Australian share market has finished marginally lower for a second day as investors digest local profit results in the absence of strong offshore leads.

Shares in Seven West Media have dropped to a record low after the media company posted a $67 million first-half loss as Australia's TV market continued its rapid decline.

Australian shares have fallen across almost right across the board as investors react to local profit results in the absence of strong offshore leads.

Gas giant calls on government to take charge on emissions

Oil prices inched up overnight as concerns over the economic fallout from the coronavirus outbreak in China were offset by expectations that potential production cuts from major producers could tighten global crude supply.

Gold prices have eased in a thin volume trade as risk appetite improved after China took further efforts to limit the economic impact from the coronavirus outbreak.

The Australian stock exchange has bounced back from its early losses to finish the day nearly flat as the big banks dragged on the market.

Car dealers are reeling from the "huge blow" of General Motors retiring the Holden brand in Australia, as the peak dealership group calls for regulations to protect businesses.

Rio Tinto has announced the development of a $US98 million ($A144 million) solar plant at its Koodaideri mine in the Pilbara, which is expected to supply around two thirds of the mine’s average electricity demand once completed.

Mandurah Magistrates Court has hit Queensland-based property manager Asset Realty with an $80,000 fine, for failing to lodge tenancy bonds on time as well as falsifying dates on records.

Bendigo and Adelaide Bank has launched a $300 million capital raising and slashed its interim dividend as rising costs weigh heavily on its first-half result, while NAB says it will raise about $750 million to refinance debt, as it seeks to meet toughened capital requirements.

Australian shares have opened weaker amid investor caution after a strong end to the last week.

No onus on us: Woodside

Oil prices rose over 1 per cent on Friday, posting their first weekly gain since early January.

Gold prices rose to the highest level in more than a week on Friday, on track for a weekly gain, as investors bet on the safe-haven metal to hedge against the economic impact of the coronavirus outbreak.

Beverage manufacturers have been informed of the prices for Western Australia’s container deposit scheme on Friday, with the average price of a container starting at 11.65 cents.

The Australian share market has closed higher for a fourth day, with the benchmark index finishing just under a record closing high set three and a half weeks ago.

Woodside Petroleum has won a long-running contractual dispute with Melbourne-based explorer FAR over its purchase of a stake in the Sangomar oil project, off the coast of Senegal.

As recently as a fortnight ago, industry leaders and government officials were urging caution as the novel coronavirus swept through China, with representatives from Western Australia’s tourism and education sectors confident the state was prepared to manage any possible fallout.

The corporate watchdog has charged former Bellamy's director Jan Cameron over the alleged masking of her stake in the infant formula business via a mysterious Caribbean-based associate.

Australian stocks have crept just above a flatline in cautious end to the week following mixed offshore leads.

Third telco enters 5G race

Oil prices edged higher overnight as investors hoped the world's biggest producers would cut output more.

Gold prices jumped overnight to their highest in more than a week after a sharp increase in the number of new coronavirus cases in China renewed fears over global economic impact and persuaded investors to seek lower-risk assets.

The Australian share market has closed marginally higher after fears from the Covid-19 coronavirus cast a pall on a record-setting day.

Perth Glory chief executive Tony Pignata declined to be drawn on the specifics of a proposed sale of the football club to a London-based cryptocurrency exchange, overshadowing a state government announcement this morning of a sponsorship deal with the club.

Woodside Petroleum has deferred a final investment decision on the giant Browse gas project as it deals with the complexity of the planned development and unresolved commercial differences with its partners.

Telstra has reported a 7.6 per cent drop in first-half profit to $1.14 billion - in line with guidance and expectations - with bushfires and the ongoing NBN rollout weighing on the telco's bottom line.