Latest Headlines

The Australian Broadcasting Corporation will cough up a "sorry" payment for underpaying almost 2,000 staff by $12 million.

Mining giant Rio Tinto has announced a board-led review of its "heritage management processes" following criticism of its destruction of ancient rock shelters in the Pilbara.

Australian shares have risen by half a per cent in early trade following a slightly positive lead on Wall Street overnight.

Radical shake-up for uni fees

Oil prices rose slightly overnight as a panel of OPEC and allies met to review record oil supply cuts, even as the market remained concerned about additional coronavirus cases reported in parts of the United States and China.

Gold eased overnight after data showed fewer jobless claims in the United States and reports Beijing was bringing its latest coronavirus outbreak under control, but mounting infections globally limited losses for the safe-haven metal.

Chevron may have fired the starter's pistol on a major ownership reshuffle of the North West Shelf Venture, after it announced it would put its 16.7 per cent stake in the operation, which includes a 16.9 million tonnes per year LNG facility near Karratha, on the market.

Australian shares have fallen, with every sector but one in retreat, after new data showed the country's unemployment rate jumped to 7.1 per cent in May.

The administrators of Gascoyne Resources have recommended creditors support a deed of company arrangement (DOCA) that includes a capital raising targeting up to $80 million and a potential full return to unsecured creditors.

Franchisor Joyce Corporation has sold its remaining stake in Lloyds Online Auctions for $3.8 million to an entity controlled by Lloyds director Steven Sarkis.

Westpac has sold its remaining 9.5 per cent stake in fund manager Pendal Group for about $185.4 million.

GR Engineering Services has received a letter of intent from Silver Lake Resources to complete $23 million in upgrade works at the Deflector gold-copper operation in Western Australia.

Australia's competition regulator says it will not oppose a planned merger between mortgage aggregators Australian Finance Group and Connective, despite holding previous concerns around competition.

Shares in Gage Roads Brewing Company are up after the company reported a strong sales recovery in May and June, due to COVID-19 restrictions easing more quickly than expected.

Collie mining company Griffin Coal has been fined $210,000 and ordered to pay $23,000 in costs over a workplace fatality in 2018.

The number of Western Australians looking for jobs surpassed 100,000 in May, as the state posted the highest unemployment rate in the nation, while a further 67,600 left the labour force.

Perth’s real estate leaders say the residential property market is shaping up to be more resilient to pandemic-induced fluctuations than initially anticipated.

The ASX has fallen more than half a percentage point in early trade due to rising coronavirus cases in parts of the US and Beijing.

Mint board ‘ignored graft advice’

Oil prices settled lower overnight on fuel demand worries due to an uptick in coronavirus cases, with emerging hotspots in China and the United States, and as US crude stocks grew again, taking commercial inventories to another all-time high.

Gold prices were little changed overnight, buoyed by concerns over a second coronavirus wave and expectations that the US Federal Reserve would maintain low interest rates in the near term, while a firm dollar put a lid on gains.

Moving to a flexible price for rooftop solar output will help alleviate pressure on the grid from increasing uptake of the panels, according to a new report, and could be used instead of subsidy schemes currently proposed.

An Aboriginal group that gets most of its funding from BHP Nickel West has launched a Federal Court claim it says will guide compensation negotiations with native title holders across the country.

The ASX has closed higher for a second day, closing just under 6,000 despite the heavyweight mining sector losing ground.

Traditional owners who were devastated by Rio Tinto's destruction of ancient rock shelters in the Pilbara say they are trying to restore their fractured relationship but question the sincerity of the company's apology.

The ASX has closed higher for a second day, closing just under 6,000 despite the heavyweight mining sector losing ground.

Former bureaucrat Paul Whyte has pleaded guilty to more than 500 charges stemming from Western Australia's biggest public sector theft.

Building a supercomputing facility in Australia to rival the world’s biggest is among DUG Technology founder Matt Lamont's ambitious goals, to which end the company has announced a $26 million initial public offering.

The soon-to-be-opened Western Australian Museum is being fitted out, with more than 30 local artists and companies being contracted to deliver multimedia, films, graphics, audio tracks and interactive experiences for the eight galleries. Click through for images of the fitout.

Grange Development Consulting has unveiled plans to transform a site on Stirling Highway into an 80-apartment project, the group's second proposal on the highway following its controversial application for the Chellingworth Motors site in Nedlands.

IGO has struck another farm-in deal in the Fraser Range, agreeing to fund exploration at Matsa Resources' Symons Hill nickel project, with the potential to secure a 70 per cent stake over the next three years.

BHP has hired biotech CSL's finance boss, David Lamont, who will return to the mining giant.