Gold prices fell overnight as investors liquidated their long positions, but was en route to its best month since August based on massive amounts of stimulus intended to help the economy recover from the COVID-19 outbreak.
Oil prices jumped overnight after producers said they would cut output and as signs the US crude glut was not growing as quickly as many feared resulted in an upbeat close.
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Western Australia has recorded zero new coronavirus cases and seven new recoveries. The state's total active cases has fallen to 36. Premier Mark McGowan has extended WA's State of Emergency by 14 days. TABs and national parks to reopen.
Department of Finance director general Jodi Cant has been recognised for her work in government, winning the Telstra Business Woman of the Year award for WA.
Woodside Petroleum’s balance sheet will be in good shape to weather the COVID-19 crisis, chairman Richard Goyder said today, while continuing his calls for the economy to be reopened.
IGO is expecting a strong finish for the 2020 financial year after posting an increase in quarterly production for all metals at its Nova mine, including a record copper output.
The state government is fast-tracking tenders for $2.37 billion in transport infrastructure projects, while also ensuring small- and medium-sized contractors have an opportunity to be involved in smaller packages of works.
Australia's largest car dealership chain says it laid off 1,200 employees last month as an initial response to the COVID-19 pandemic and associated lockdowns.
Decmil has confirmed its involvement in the state government’s Bayswater Station upgrade as a sub-contractor while also locking in works with Queensland's Department of Transport, sending its shares up by more than 60 per cent.
Virgin Australia's administrator has disclosed that at least 20 parties have expressed interest in buying the debt-laden airline, with reports today mining magnate Andrew Forrest is among the potential bidders.
Fortescue Metals Group has upgraded its annual iron ore shipments forecast after it reported a 10 per cent rise in third-quarter shipments and said it had managed to keep a lid on costs amid the coronavirus pandemic.
ANZ Banking Group will hold off paying shareholders an interim dividend as its first-half cash profit plunges 62 per cent on a $1 billion COVID-19 hit, and the prospect of more pain to come.
Woolworths has reported a 10 per cent jump in food sales at its Australian supermarkets for the third quarter, due to panic buying amid the coronavirus pandemic.
Oil prices surged more than 10 per cent after US crude stockpiles grew less than expected and gasoline posted a surprise draw, feeding optimism that fuel consumption will recover as some European countries and US state ease coronavirus lockdowns.
Gold has fallen as optimism around the easing of coronavirus-led lockdowns and hopes of a potential treatment drug propped up risk assets, while investors awaited the US Federal Reserve's monetary policy statement later in the day.
Two court rulings this month have paved the way for the continued investigation of property developers Allen Caratti and Tina Bazzo, who are being pursued by the Australian Tax Office, the Federal Police, and liquidators.
One new case of COVID-19 was recorded in Western Australia overnight, more than 250 Australian residents arrived in Perth from South Africa this afternoon, and Prime Minister Scott Morrison has reiterated that emergency welfare measures will cease in September.
The state government and Australian Hotels Association have partnered to roll out a mandatory COVID-19 hygiene training course, ahead of a possible reopening of Western Australia’s hospitality venues in coming months.
Auteco Minerals is set to proceed with further exploration of its recently acquired Pickle Crow gold deposit in Canada’s Ontario province after the company gained financial backing from international and Australian institutional investors.
West African Resources has acquired a gold deposit located near its existing Sanbrado project in Burkina Faso, with the Subiaco-base company to pay up to $US45 million ($A69 million) in staged payments.
Australian Medical Association of WA president Andrew Miller and the teachers’ union have called for personal protective equipment (PPE) to be provided for use in the classroom, in a message that runs counter to government advice.
