Palladium prices have plunged as much as 28 per cent as panic selling driven by intensifying fears over the coronavirus pandemic seeped into precious metals, with gold slumping more than four per cent as investors rushed to cover margin calls in other assets.
Western Australia’s construction and commercial property sectors are bracing for the impacts of the COVID-19 pandemic, with imports of building materials likely to be disrupted and retail activity expected to plunge in coming weeks
The travel industry is reeling from a decision by the US government to ban all travel from Europe for a month, while the Australian government has decided against a similar move after consideration. Shares in ASX-listed travel companies were smashed today in response to the clamp down and as travel dries up globally.
Concerns over coronavirus have led to the cancellation of several sporting, cultural and business events but most organisations are planning to proceed with scheduled activities.
Rio Tinto has been ordered to pay long-deferred incentives worth nearly $7 million to its former chief executive Sam Walsh following a formal dispute resolution process.
Transport Minister Rita Saffioti has disputed claims made by opposition leader Liza Harvey at yesterday’s Business News Politics & Policy breakfast that manufacturing rail cars in Western Australia constituted an investment in a failed and unsustainable industry.
The Australian share market has suffered yet another day of carnage, plunging again after US President Donald Trump suspended travel from Europe for a month to limit the coronavirus pandemic.
OPINION: Clear, sensible thinking and strategising are essential, both on a personal level and in business, when responding to threats posed by the coronavirus.
The state government has urged Western Australian tourism operators to bring forward deals and promotions in support of the local industry, as it launches a ‘Do it in WA’ campaign that will use existing funding.
Fisheries Minister Peter Tinley has unveiled a range of measures to support Western Australia’s rock lobster industry as a result of the worsening COVID-19 outbreak, including an extended fishing season and measures to increase local sales opportunities.
The West Australian Police Union has rejected a fifth and final wage offer from the state government, which means the dispute may go to the Industrial Relations Commission.
Australian small businesses will receive $3.9 billion of tax incentives and $6.7 billion of cash payments as part of a federal government stimulus announced today, while a major investor service has reiterated a small, but positive, growth forecast for the country.
The Australian share market has plunged 2.36 per cent in a sell off across the board after the coronavirus was declared a pandemic and US equity markets plunged overnight.
Oil prices fell 4 per cent overnight with renewed weakness in the stock market after the World Health Organisation said the global coronavirus outbreak is now a pandemic, and as major oil producers announced plans to escalate the burgeoning price war.
Liza Harvey has positioned herself as a reliable ally for WA businesses, outlining an agenda prioritising job creation and economic diversification at a Politics & Policy breakfast today.
Premier Mark McGowan has called for federal support to get a new research centre for hydrogen and LNG exports off the ground, while there’s work under way to attract investment in new industries using domestic gas.
Growing concerns over the novel coronavirus have led this week to the cancellation of multiple business and sporting events, with the largest being HBF's Run for a Reason and the annual Steadfast Convention, which would have brought more than 2,000 insurance industry delegates to Perth later this month.
Marketing and communications firm WPP AUNZ has promoted Steve Harris to a regional leadership role as the group starts to implement a strategy that includes bringing together its multiple brands into a single location.
Drone technology company Orbital Corporation has signed a memorandum of understanding with Boeing subsidiary Insitu to become its primary engine supplier.
Reg Howard-Smith has been appointed chair of the Building and Construction Industry Training Board, as the state government proceeds with changes to the Building and Construction Training Fund's operation and governance.
Gold explorer Anglo Australian has received commitments to raise $5.5 million through a share placement to fast-track exploration at its wholly-owned Mandilla project in Western Australia.
FYI Resources has edged closer to production at its high purity alumina project in Western Australia after completing a definitive feasibility study and securing equity financing with a European investment group.
Home loans in Western Australia have reduced in value by 6.4 per cent in January, while the national figure increased by its fastest rate since mid-2019.
A Perth startup is hoping its electronic price tag technology can help bricks-and-mortar retailers cut costs and provide better customer service in their efforts to combat online competition.
Australia's largest listed goldminer says it expects to produce around 10 per cent less gold than previously forecast due to underperformance of its mines in Western Australia and Papua New Guinea.
The federal government will announce a stimulus package of up to $20 billion tomorrow to fight the impact of the Covid-19 virus, it has been reported this afternoon, while $2.4 billion of new health funding was announced today.
Investors have switched to sell mode again as they wait for details on stimulus, sending Australia's volatile share market lower despite a rally on Wall Street overnight.
