National retail spending fell by a worse-than-expected 0.5 per cent in a fire-affected December, however, retail giant Coles recorded a surprisingly strong Christmas period.
The state government has today announced additional flights to and from Singapore, in an effort to maintain stability in WA’s tourism market following the worsening coronavirus outbreak on the Chinese mainland.
Property group Mirvac has lifted its interim dividend following a 21 per cent gain in first-half operating profit to $352 million, though the firm's net result slipped.
Oil prices have jumped about two per cent on media reports that scientists were developing a vaccine for the fast-spreading coronavirus, even as world health experts said treatments have not yet been found.
Gold rose on Wednesday on bargain hunting, reversing course from a two-week low touched earlier, as investors latched on to the metal's overall uptrend on the back of a low interest rate environment globally and lingering uncertainties.
AMP has been ordered to pay a $5.2 million penalty after the Federal Court found the bank had failed to take reasonable steps to ensure its financial planners complied with the best interests duty.
Australian stocks have finished higher for a second day but could not sustain a move above 7,000 as the death toll from the coronavirus outbreak in China neared 500.
Shares in CIMIC Group are up 8 per cent, a day after the international contractor named a new chief executive and announced a $1 billion full-year loss related to its decision to exit the Middle East.
Mining services provider Perenti Global says it is considering buying Downer EDI's mining servicing business, but dismissed a report of a $700 million offer.
Investor services group Computershare will buy registered agent provider Corporate Creations for $142.9 million in a move to improve its reach in the US.
Oil prices edged lower overnight as fears that energy demand would take a long-term hit from the coronavirus outbreak offset prospects for more cuts in crude production from OPEC and its allies.
Gold slid more than 1 per cent overnight as Chinese steps to mitigate the economic impact from the coronavirus epidemic drove some investors away from safe havens and back into riskier assets.
Australian shares have closed higher as China took steps to prop up its economy and global manufacturing data showed factory activity rebounding in January.
Fashion accessory retailer Colette by Colette Hayman, which has 15 stores in Western Australia and 126 across the country, has been placed into voluntary administration.
Deputy Prime Minister Michael McCormack has repelled a leadership challenge from Barnaby Joyce, emerging victorious in a party room ballot this morning, while Adam Bandt has been elected unopposed as Greens leader following the resignation of Richard Di Natale.
The founders of Western Australia’s largest e-waste recycling business claim a national waste recycling scheme is not being enforced properly, providing opportunities for non-compliant e-waste recyclers.
Australian shares have recovered from morning jitters as investors wait for news on the deadly coronavirus and a rates decision by the Reserve Bank of Australia.
Oil prices fell to the lowest in more than a year overnight as the coronavirus outbreak curtailed Chinese demand and sparked potential supply cuts by OPEC and its allies.
Gold fell 1 per cent overnight as the dollar firmed and investors opted for riskier assets after China took steps to relieve pressure on its economy from the impact of the coronavirus outbreak.
The local share market has nosedived amid fear that the deadly coronavirus epidemic will cause a prolonged shutdown of Australia's biggest trading partner.
The full impact of the novel coronavirus outbreak has begun to weigh on the Australian economy, with aviation, commodities and education absorbing the worst of the shock.
