Gold eased overnight in holiday-thinned trade as some investors took profits, though lingering US-China tensions and extensive stimulus measures by governments worldwide limited decline.
Oil prices edged up overnight in sluggish trading with holidays in Singapore, London and New York, as rising concerns over demand recovery offset supply cuts.
The federal government has temporarily amended continuous disclosure provisions that apply to companies and their officers, citing concern about companies being exposed to opportunistic class actions.
Warrego Energy has received commitments to raise $15 million from a two-tranche share placement, with the proceeds to go towards drilling at its West Erregulla development in the Perth Basin.
The Art Gallery of WA Foundation and the gallery's board have announced a $1.5 million package for Western Australian artists represented in the State Art Collection and Aboriginal art centres across the state.
Kairos Minerals is looking to raise up to $4.2 million from a share placement and rights issue, while RTG Mining and Paterson Resources have also recently launched capital raisings.
ASX-listed apartment developer Finbar Group has established a new business division, appointing an in-house sales team led by former Knight Frank head of residential Western Australia Neil Kay.
The state government will lift regional travel restrictions in time for the long weekend, with Premier Mark McGowan urging Western Australians to travel within the state and support local businesses.
Panoramic Resources has edged closer to the restart of its Savannah nickel mine in the East Kimberley after launching a $90 million capital raising, with Western Areas to emerge as a new strategic investor.
Leederville-based startup InteliCare had a positive start to trading on the ASX today, with its shares closing at 31.5 cents each, more than 50 per cent above their issue price.
A joint venture between Carey Mining and Central Earthmoving has secured sealing works on Great Central Road under a $20 million contract, with the project jointly funded by the state and federal governments.
Architecture firm Hassell has secured design works on new arts facilities at Bob Hawke College, which are set to double student capacity, while Devlyn Constructions has started work on new facilities at Belmont City College.
The Master Builders Association is seeking more than $13 billion for a building and construction stimulus package which it claims will support an economic recovery, including subsidies for new home building and for rennvations.
Oil prices have tumbled about 2 per cent on rising US-China tensions and doubts about how quickly fuel demand would recover from the coronavirus crisis.
Gold prices will start the week higher after intensifying US-China tensions compounded fears of a slow recovery in a global economy already reeling from the coronavirus pandemic.
Shares in Bryah Resources were trading as much as 50 per cent higher today after the Perth-based explorer reported recent drill results at its manganese project in Western Australia.
Disability service provider Activ has become the latest organisation to withdraw a major fundraising event, with this year’s City to Surf cancelled on the back of state and federal government coronavirus directives.
Myer says it will reopen all of its stores, with Perth City due to reopen next Wednesday, in line with most other stores around the country, while its Karrinyup store is set to reopen next weekend once a refurbishment project is complete.
PODCAST: Mark Pownall and Mark Beyer discuss Wesfarmers restructuring, pandemic impact, planning process changes, BGC and Ventura Homes, new city towers, China tension, and our special report on WA's wine industry.
BHP has selected former iron ore boss Edgar Basto to lead its Australian mining operations, after he served as acting minerals president since the appointment of chief executive Mike Henry last year.
Invex Therapeutics has received a $5 million investment from Andrew Forrest’s Tattarang as part of a share placement, with the proceeds to go towards the company’s research into neurological diseases.
