Australian shares have shrugged off a pullback to open higher again despite global markets reacting negatively overnight to news of a potential epidemic.
Oil prices fell overnight on expectations a well-supplied global market, including supplies from growing record US production, would be able to absorb disruptions that have cut Libya's crude production to a trickle.
Gold shed 1 per cent in volatile overnight trade as investors booked profits after prices hit a two-week high early in the session, although losses were limited by a slide in equities due to worries about a virus outbreak in China.
The state and federal governments today announced the first details of several planned infrastructure projects on Rottnest Island, on the back of $33 million in investments for the island over the next three years.
BHP has detailed the rapid expansion of its recently established Operations Services subsidiary, which it says is delivering better results than the maintenance contractors it has displaced from its iron ore and coal operations.
Oil prices rose to their highest in more than a week overnight after two large crude production bases in Libya began shutting down amid a military blockade, risking reducing crude flows from the OPEC member to a trickle.
Gold hit a more than one-week high overnight as buyers hedged against persistent tensions in the Middle East and impeachment proceedings against US President Donald Trump, while deficit-hit palladium's record run showed no signs of abating.
Emerald Resources has announced plans to raise $75 million to fund its Cambodia-based Okvau gold project, via two placements of 1.9 billion new shares.
Oil prices steadied after sluggish economic growth in China, the world's biggest crude importer, raised concerns over fuel demand and countered optimism from the signing of a China-US trade deal.
Palladium soared over 9 per cent to power above the key $US 2,500 an ounce level for the first time on Friday, boosted by a chronic shortage of the metal in the market and hopes the global economy might be turning the corner.
Australian shares have reached fresh all-time highs for a fourth consecutive day after Chinese economic data showed better than expected growth for Australia's top trading partner.
A Perth-based company has developed a new device it says cuts tradies’ exposure to silica dust, which has been responsible for the rising incidence of silicosis among building and construction workers.
Rio Tinto has posted a 3 per cent drop in iron ore shipments in 2019 as the Anglo-Australian miner's operations faced disruptions due to cyclone and a fire at a port facility.
Findings released today by Tourism Research Australia show 2.9 million visitors spent a total of $10.9 billion in Western Australia in the year to September 2019, a substantial increase on previous periods.
Australian shares have reached fresh all-time highs for a fourth consecutive day following the signing of a trade deal between the US and China earlier this week.
Gold slipped overnight as the safe-haven metal was hurt by upbeat US economic data that signalled a healthy economy and as stock markets climbed on optimism over the signing of the US-China Phase 1 trade deal.
Western Australia’s first refund point operators for the federal government’s container deposit scheme have been chosen, with 145 refund locations made available in the state.
The benchmark Australian stock index has smashed past the 7,000-point level for the first time ever on a wave of investor confidence from a signed trade deal between the US and China after two years of hostilities.
The state government has begun the tender process for the design, construction and commissioning of the Metronet Morley-Ellenbrook line, despite delays related to other contracts set to deliver the line's build.
Caltex Australia has reached an agreement with Alimentation Couche-Tard that will allow it to disclose confidential information in relation to the Montreal-based global convenience store chain's $8.6 billion takeover offer.
Australian shares smashed past the 7,000 point level for the first time on a wave of investor confidence from a signed trade deal between the US and China.
