US crude ended slightly higher overnight, as US Treasury Secretary Steven Mnuchin said he supported extending certain measures intended to bolster the economy, while Brent ended lower on concerns that output cuts might not be sufficient.
Gold rose overnight amid uncertainty over how economies would emerge from a deep slowdown, although optimism about a potential vaccine for the novel coronavirus capped bullion's advance.
Revised plans for two new towers at the old Emu Brewery site in Perth have officially been given the green light, following the City of Perth Local Development Assessment Panel’s recommendation for approval by absolute majority last week.
Moves by the federal government to broaden the remit of two climate change agencies have been cautiously welcomed by business leaders, with new rules to promote investment into carbon capture and storage following a review of the government’s emissions reduction fund.
The local bourse has busted out of its trading range to close at a two-month high as share markets around the globe rallied on hopes for a coronavirus vaccine.
Premier Mark McGowan is maintaining a cautious approach to opening up Western Australia’s regional borders, saying the state government has no firm date on when this will occur.
Gold explorer Orecorp has launched a $13.56 million share placement, with majority of the proceeds to fund development of the company’s recently acquired Nyanzaga gold project in Tanzania.
Brookfield Properties has filled its last vacancy at 123 St Georges Terrace welcoming global recruitment firm Robert Walters on a seven-year lease, the deal settling at a time when Perth’s commercial market faces some uncertainty.
Western Australia has lost about 80,000 jobs due to the COVID-19 pandemic, proportionally lower than any region other than the Northern Territory; while Bunbury, the Wheatbelt and inner Perth were the hardest hit parts of the state.
Engineering and construction company Decmil has replaced Scott Criddle as chief executive, amid a $29 million write-down of its Homeground Gladstone accommodation village in Queensland and the launch of a $40 million capital raising.
Driving growth through productivity, not higher taxes, is Treasurer Josh Frydenberg’s key strategy for paying back the COVID-19-accrued debt, with a number of options for tax reform available if he has the ambition.
Sugar-free ice-cream brand Denada has hit supermarket freezers in the United Arab Emirates after its Perth-based founders signed a contract with Middle East supermarket chain Spinneys.
Gutted Australian barley growers have warned of a bitter blow to the nation's economy after China confirmed today it would introduce an 80 per cent tariff on imports.
Shares have surged by more than 2.0 per cent in early ASX trade, taking the lead from overnight gains on Wall Street due to rising hopes of a coronavirus vaccine.
Oil prices overnight jumped to their highest values in over two months on positive early results on a potential coronavirus vaccine, optimism about a resumption in economic activity and signs producers were following through on planned output reductions.
The Australian share market has gained more than one per cent for the second straight day, with miners shining after iron ore and gold prices both jumped.
Western Australia has officially moved into the second phase of lifting some of its coronavirus restrictions, while recording no new infections and two recoveries overnight.
A $112 million hybrid microgrid to power Gold Fields’ Agnew gold mine has been completed, with 22 megawatts of renewable capacity, a battery, and gas/diesel backup plant in what the company claims is the largest such grid in Australia.
BGC Australia has taken its second major step to consolidate its residential businesses, announcing the merger of the BGC Housing Group and Ventura Home Group.
Copper explorer Hot Chili is targeting its first resource estimate for two projects in South America after announcing an oversubscribed $5 million placement and $3.9 million rights issue, with majority of the funds going towards a drilling restart at the Cortadera project in Chile.
The federal government has granted Perth company Agrimin major status for its Mackay potash project in Western Australia for an initial three-year period.
WA’s university sector is concerned with the lack of federal support for international students, warning that choices made now could cause years of damage to the country’s economy and reputation.
