Oil prices fell about one per cent on Friday on renewed concerns about crude demand being pinched by the economic impact of the coronavirus outbreak, while OPEC and allied producers appeared to be in no rush to curb output.
Gold has jumped more than 1.5 per cent to its highest level in seven years as investors rushed to the metal's safety due to concerns over global economic fallout from the fast-spreading coronavirus.
The Australian share market has finished lower for the first time since Tuesday, with every sector down except financials after the two days of gains sent it into record territory.
Business Events Perth has announced that ‘evokeAG’, Asia Pacific’s largest agri-tech event, will come to Perth in February next year, the first time the event will be held outside of Victoria.
Oil prices rose on Thursday after the US government reported a much smaller-than-anticipated rise in crude stocks, but gains were capped by worries about the spread of coronavirus outside China.
Gold prices climbed to their highest level in seven years overnight as an uptick in the number of coronavirus cases in South Korea fuelled worries over the wider economic impact of the outbreak.
Little Green Pharma began trading on the ASX today, with its shares closing 10 cents below the price of its initial public offering, despite signing a five-year supply contract with a UK pharmaceutical company overnight.
Western Australia’s unemployment rate has risen to 5.8 per cent in January, sitting above the national average, despite the state recording 6,700 more people in employment for the month.
Super Retail Group's shares have jumped more than 10 per cent despite announcing a 20 per cent drop in first-half profit and admitting its underpayments problem is worse than first thought.
Boral has halved its interim payout on a 40 per cent first-half profit dive, with the troubled building materials firm weighed down by higher costs and weak housing construction activity in Australia and South Korea.
Gold has risen, holding above $US1,600 per ounce, as worries over the new coronavirus and its impact on global growth boosted safe-haven demand, while palladium continued its record run driven by short supplies of the metal.
The Australian share market has clawed back its losses from earlier in the week to hit a fresh all-time closing high - even as five more companies announced their earnings had been affected by the coronavirus epidemic.
Vocus shares have risen after the broadband provider said it had made progress digging out of its mountain of debt and had delivered on major projects as part of a three-year turnaround.
Western Australia’s tourism industry could receive a much welcomed boost in the coming months, as Princess Cruises diverts several of its routes to Australia due to port closures throughout Asia.
Crown Resorts has posted net profit of $173 million for the year to December 2019, an 11 per cent drop on the previous period that chief executive Ken Barton attributed to mixed trading conditions across various arms of the business.
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.
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.
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.
