Commonwealth Bank of Australia's mortgage lending surge has underpinned an expectation-defying first-half result, even as the lender feels the heat from regulatory costs and a bushfire-related rise in loan impairments.
Oil prices have edged up from 13-month lows as the number of new coronavirus cases slows in China, easing some concern over the potential for lengthy oil demand destruction.
Gold prices have dipped as the US dollar held firm and investors opted for riskier assets after a fall in the number of new confirmed cases of coronavirus in China eased some of fears over global economic impact.
The state government has appointed an industry reference group to develop a growth plan for WA’s health and medical life sciences sector to be chaired by Peter Klinken.
Suncorp's net profit from continuing operations fell 7.2 per cent to $348 million during the first half, weighed down by a surge of bushfire and hailstorm claims.
Oil prices fell overnight to their lowest level since December 2018 on weaker Chinese demand in the wake of the coronavirus outbreak and as traders waited to see if Russia would join other producers in seeking further output cuts.
The price of gold rose to its highest level in a week on Monday as the death toll from the coronavirus outbreak climbed and investors sought safe haven from the economic impact.
The state government has today pledged to spend $2 million promoting regional tourism and $8 million on aviation, as it ramps-up its response to the worsening coronavirus outbreak.
Boral boss Mike Kane has announced he is standing down after the company confirmed staff at its North American windows business had inflated earnings figures over a 20-month period.
JB Hi-Fi's Christmas has proven music to investors' ears, with strong summer sales and online growth helping the electronics retailer shake sector-wide softness and post a record first-half profit.
Oil prices fell 1 per cent on Friday as Russia said it needed more time before committing to output cuts sought by other large producers while the coronavirus outbreak fanned worries about global crude demand.
Gold prices have risen as fears of an economic slowdown from the coronavirus outbreak and lower interest rates globally offset strong US economic data.
The Australian share market has snapped its three-day winning streak, with broad losses across most sectors despite Wall Street setting new record highs overnight.
Airbnb says 4.5 million people booked rooms on its online lodging platform in regional Australia last year, with 260,000 guests visiting regional Western Australia, confirming the widespread uptake of its accommodation services.
Mackerel Islands will begin managing Karijini Eco Retreat as of next month, with the Pilbara-based operator taking over operations of the Gumala Enterprises-owned facility.
Rare earths miner Lynas Corporation has threatened defamation action against opponents aiming to prevent it from operating in Malaysia following attacks in the local media.
The Reserve Bank has kept its word and left its growth forecast unchanged through to the end of the year, while continuing to insist the GDP hit from bushfires, drought and coronavirus outbreak will be short-lived.
Oil futures gave up early gains overnight as OPEC and its partner Russia gave mixed signals about possible further output cuts to mitigate the impact of the coronavirus outbreak that has amplified concerns about weak global oil demand.
Gold rose overnight as expectations of central banks keeping interest rates low and uncertainties around the economic impact of the coronavirus epidemic fueled appetite for the safe-haven metal.
