QBE Insurance Group shares have dropped as much as 11.5 per cent after the insurer downgraded its full-year gross written premium guidance, citing pressure on product pricing and the value of its investments following a sharp drop in first-half profit.
Oil has settled up nearly two per cent, hitting five-week highs for a second straight day as sources at OPEC spoke of Saudi Arabia's desire for higher crude prices while Russia met the producer group to discuss the market.
Gold has cut its gains after mixed US economic data failed to give clarity on the prospects for a US interest rate rise this year and the US dollar pared losses from a seven-week low.
The Australian dollar is lower against its US counterpart after the greenback strengthened following earlier losses and the Reserve Bank minutes failed to give clear direction.
BHP calls end of the price routBHP Billiton has committed to growing cash flow and has declared commodity prices have stopped falling, after slashing its
Miner BHP Billiton has posted a loss of $US6.4 billion for the 2016 financial year following its $7.2 billion impairment of US shale assets in January, a slightly better result than had been anticipated by the market.
The Australian share market has closed slightly lower as investors put aside a positive lead from record-setting US markets to digest local company earnings results.
If utilities such as Water Corporation can't fulfill their primary responsibility to the public, maybe an alternative ownership model would be a better option.
Resources businesses are developing innovative workplace relations strategies in response to a lack of reform from government, as costs come under continued scrutiny due to low commodity prices.
Perth charity Telethon Adventurers has plans to expand nationally at the end of this year, following the success of recent fundraising and research programs.
The influence of Adrian Fini's hospitality dream team was celebrated last night, with the two latest ventures by the group that founded Little Creatures Brewing among the highlights at the Australian Hotels Association's 2016 accommodation awards.
West Perth-based advisory firm Otsana Capital has established an office in Israel to work closer with startups in the region seeking a presence on the ASX.
Commonwealth Bank of Australia chief executive Ian Narev took home $12.3 million in total pay in the last financial year, up more than 50 per cent due to performance-related share bonuses.
Engineering group RCR Tomlinson has won a $120 million contract to build processing infrastructure at Rio Tinto's Silvergrass iron ore mine in the Pilbara.
Oil prices have hit five-week highs, gaining 10 per cent or more in a three-day rally as speculation intensified over potential producer action to support prices amid a crude glut.
Farmers hit back at sale restrictionsThe National Farmers Federation warns that changing foreign investment rules in recent government decisions threatens
Educators have opened classroom doors to new learning possibilities via a program that connects industry with students in a competition to create their own technology startup.
Architect Sam Klopper has shrugged off community consternation over an apartment project on Kennedy Street in Maylands, instead pitching the development as a model for future urban infill.
Litigation funder IMF Bentham has announced it will fund a shareholder class action against former directors of collapsed miner Kagara, which went into administration in 2012.
