Australia should consider the importance of US investment alongside trade with China when weighing its economic relationships, according to Washington's top diplomat in Canberra.
Budget clothing retailer Best & Less Group has claimed sales growth of 13.5 per cent for its full-year as its owners investigate expanding and listing on the Australian share market.
The powerful construction and maritime union could soon split from its manufacturing, mining and energy divisions under draft laws set to sail through federal parliament.
Fortescue Metals Group has officially opened its Eliwana iron ore mine in the Pilbara, in the same week the commodity's price reached a new high of $US146 per tonne.
Nickel miner IGO has announced a transformational deal to buy 49 per cent of Tianqi Lithium, giving it a minority stake in both the Greenbushes lithium mine and the Kwinana lithium refinery.
Valmec has won a major asset services contract, while Centurion has secured mine site works in Queensland and Decmil has been named preferred contractor for a Victorian rail project.
Woodside Petroleum has announced Peter Coleman will retire as chief executive before the end of next year, with three internal candidates likely to be in contention for the role.
A planned pipeline fabrication facility near Exmouth has been cancelled months after a ministerial decision to launch a special review into developments in the area.
Australia's farm production is tipped to hit $65 billion on the back of a bumper harvest while exports are expected to fall amid ongoing trade tensions with China.
The list of Australians stranded overseas has continued to grow, with 39,000 people now keen to return as coronavirus bites across swathes of the globe.
Iron ore miners have powered the Australian share market higher, however strong Chinese demand for the commodity could still hit a snag according to an analyst.