Oil producers should start the week buoyant after two industry benchmarks posted their first weekly gains in four weeks as OPEC and its allies cut output to tackle a supply glut from the coronavirus crisis.
Engineering contractor Monadelphous has disclosed multiple problems across its operations, with supply chain issues causing delays on large projects, and contract disputes and low profits forcing a restructure of its water infrastructure business.
The National Cabinet has brought forward its decision to ease restrictions. The federal government will inject a further $205 million into aged care. Western Australia has reported zero new coronavirus cases overnight. The state government will launch a COVID-19 testing program in schools.
The COVID-19 crisis has pushed any recovery in Western Australia’s residential building sector out to 2021-22 at the earliest, with new modelling released by the Master Builders Association showing the record downturn is set to continue.
Austal has won a $324 million contract to design and construct six evolved Cape-class patrol boats for the Royal Australian Navy, while also announcing it was not successful in the bid for a contract with the US Navy.
Western Australians broadly approve of the state government’s efforts to suppress COVID-19 but are becoming concerned about their own economic security, according to new research into the community’s response to the pandemic.
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Perth-based Australian Potash has sought further funding for its Lake Wells project in Western Australia after announcing a $5.15 million capital raising.
Newcrest Mining has completed a $1 billion placement, partly to fund an increased stake in a goldmine in South America, amid to raise a further $100 million under a share purchase plan.
A plunge in sales activity due to the COVID-19 crisis has not yet had a material effect on house prices, with Perth’s median nudging up slightly in April, according to CoreLogic.
Some in WA’s education sector remain at odds over how and when to reopen schools, as the state takes steps to relax its strict social distancing policies.
Retailers, shopping centre owners and shop assistants have joined forces to sell a plan to get people back into their stores and protect everyone's health.
Shares have slumped at the start of trade on the Australian stock market as investors respond to more global economic gloom from the coronavirus pandemic.
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.
