Oil prices have dropped sharply, with US prices sliding back toward $US20 a barrel, as investors bet that fuel demand destruction caused by the coronavirus pandemic would be too much for producers embarking on record global output cuts to offset.
Gold soared nearly 2.0 per cent to hit its highest since late 2012, with investors rushing to the safety of bullion as the coronavirus ravaged economies worldwide and triggered the rollout of huge stimulus plans.
A gold price surge and strong gains for Afterpay have propelled the Australian share market to its best levels in a month in a volatile post-Easter session.
The state government says it will circumvent the upper house committee that oversees the state’s Corruption and Crime Commission to renominate John McKechnie as its commissioner, after the committee declined to offer bipartisan support to the incumbent.
Only one new local COVID-19 case has been reported in WA. The state will maintain a hard border closure. New laws have been announced for residential tenancies.
One of the arguments against the current pandemic lockdown that we are experiencing is that the death rate from COVID-19 is smaller than other causes of mortality – death rates that we endure year
Pioneer Credit has accused its major lender and takeover bidder, US private equity group Carlyle, of trying to either push down its $120 million takeover offer to a very low price or withdraw from the deal altogether.
A six-month moratorium will be placed on the eviction of residential tenants and rent increases will be put on hold for the same period, under new legislation that's been described as a mixed bag by the state's top real estate industry body.
A multi-million takeover offer for Australian company Liquefied Natural Gas Ltd (LNGL) has fallen through, sending its shares down by more than 35 per cent today.
The federal government will provide $100 million to more than 300 charities, Minderoo Foundation committed $5 million to community initiatives, and Gina Rinehart donated $6 million to the Royal Flying Doctor Service of Australia over the weekend to help charities meet increased demand.
The COVID-19 pandemic is forcing investors who have shunned Western Australian mining companies for decades (because they prefer buying shares in banks) to smarten their game or risk being left holding yield-free assets as bank dividends dry up.
Swift Media has signed $1.2 million in contracts to provide communications equipment at Rio Tinto and Atlas Iron’s workforce accommodation villages in the Pilbara.
Westpac's money laundering scandal could blow a $1.03 billion hole in its first-half cash profit, with the bank setting aside an eye-watering $900 million for a potential legal penalty.
Oil prices were mixed as the historic production-cut deal inked by major global oil producers was not enough to assuage existing worries about the demand destruction brought on by the coronavirus pandemic.
The Australian share market has finished the week with gains across the board on hopes the coronavirus crisis might be easing in the hardest-hit areas.
WA has reported 14 new infections, including two more healthcare workers in the Kimberley. Premier Mark McGowan has urged Western Australians to stay at home over Easter. Police will patrol Perth beaches over the long weekend.
A schoolmate of mine who is now hunkered down in his home base in the US city of Chicago emailed me the graphics in this article showing how his modelling showed Australia was doing compared to the
Mineral sands company Iluka Resources has withdrawn its full year earnings guidance, citing market uncertainty as a result of COVID-19, but says it will proceed with its proposed iron ore royalty demerger.
Fremantle institution The Chart & Map Shop has been given 30 days’ notice to vacate the Collie Street property it has called home for 25 years, despite Prime Minister Scott Morrison last month calling for a moratorium on evictions.
PODCAST: Mark Pownall and Mark Beyer discuss markets settle, rent relief, JobKeeper legislation, interstate FIFO, Seven Group, Lumiere apartments approved, distillery distinction, and our Great for the State feature on WA's health system.
Stockbroking and funds management group Euroz expects to report a loss of $16 million for the nine months to the end of March but said its trading activity is still profitable and it intends to pay a final dividend.
It is fascinating what you can find in our rich world of data if you have the time and inclination. Clearly there’s more of both than usual for some people these days.
Planning Minister Rita Saffioti is offering developers a reprieve from uncertainty caused by the COVID-19 crisis, with a blanket two-year extension of development approvals expected to be announced later today.
Spanish engineering group ACCIONA has been named as preferred proponent for the construction works for the $253 million Bayswater train station upgrade, beating out a rival bid from a consortium comprising Georgiou Group and Lendlease.
