Oil prices settled lower on Friday as new coronavirus cases spiked in the United States, and on growing concerns about rising US output ticking up while crude stockpiles sat at record highs.
Gold erased earlier losses on Friday as the coronavirus spread globally with a record jump in COVID-19 infections in the United States marring risk appetite and setting the metal on track for its third straight weekly rise.
The Australian share market has rebounded from Thursday's plunge, with the financial sector leading the charge after the easing of some regulations for American banks.
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Infrastructure WA chairman John Langoulant has identified the needs of the state’s regions and opportunities for private finance as two of the biggest challenges facing the advisory group.
Perth-based fintech startup PictureWealth has announced two major moves in its efforts to expand its market reach, raising $12 million and acquiring financial services manager Neo Financial Solutions.
HBF Park in Perth is set to hold a number of FIFA Women’s World Cup matches in 2023 after Australia secured the joint hosting rights with New Zealand last night.
The creditors of Gascoyne Resources have approved a deed of company arrangement (DOCA) recommended by its administrators, ahead of two competing late proposals.
Mineral sands producer Iluka Resources is likely to face lower sales of synthetic rutile in 2020, after disclosing that two customers had failed to take up their agreed volumes.
Northbridge icon Cinema Paradiso may not be reopening after the COVID-19 shutdown, but several other theatres in the city are preparing to welcome moviegoers in the coming weeks.
Bain Capital has emerged as the winning bidder for Virgin Australia, with the administrators agreeing to sell the ailing airline to the Boston-based private equity firm.
Shares were up nearly 1.0 per cent early and almost all sectors were higher on the Australian market after a regulatory boost for American banks lifted US markets higher overnight.
Oil prices rose about 2 per cent in a volatile session overnight, buoyed by signs of a marginal improvement in the US economy and a tepid rise in fuel demand, but price gains were limited by rising cases of COVID-19 in some US states.
Gold prices drifted sideways overnight as a surge in coronavirus cases and mounting economic tolls kept investors on edge, though the metal stepped back from last session's more than 7-1/2-year high.
Synergy has lost a Supreme Court judgement this week which will require it to pay the owners of the Newgen Power Kwinana power station for periods when the gas plant was ready on standby to supply the grid.
Recent research on the recycling of building materials in Western Australia has highlighted a pressing need to help facilitate behavioural change across the state’s construction sector, which is estimated to produce more than 1.5 million tonnes of waste each year.
Contractor NRW Holdings has decided to back a proposed deed of company arrangement by the administrators to Gascoyne Resources after negotiating an increased upfront debt repayment of $7 million in cash.
Perth-based Resource Development Group has won contracts for work on Fortescue Metals Group's Cloudbreak mine and Tianye SXO Gold Mining's Minjar Gold mine worth $26 million.
Sneakers & Jeans, The Royal, and Mary Street Bakery are among 40 local hospitality businesses backing a new campaign, encouraging Western Australians to explore the city as it prepares to move into phase four of lifting coronavirus restrictions.
IGO has backed a $60 million capital raising by nickel producer Mincor Resources, which is planning to restart its Western Australian operations later in the year.
When Peter Salom, Josh O’Byrne and Brent Thompson first mapped out a plan for LITT around three years ago, the target demographic for their app was a narrowly defined younger male cohort.
Shares have fallen early on the Australian market and all sectors were lower after US investors were finally spooked by the steady climb in coronavirus infections there.
Qantas will cut at least 6,000 jobs across all parts of the business and continue to stand down 15,000 employees as part of its plan to recover from the impact of the COVID pandemic.
