Australian stocks have suffered through second day of major losses, although they rebounded from their lows on news that US researchers had developed an experimental coronavirus vaccine.
Scott Morrison has described the coronavirus outbreak as a global health crisis, warning the economic impacts will stretch far beyond Australia's tourism and education sectors.
Subiaco-based Firm Construction has secured a $7.8 million state government contract to build a new helicopter landing pad at the Royal Perth Hospital.
Swick Mining Services has begun a strategic review of its drilling and mineral technology divisions, while at the same time announcing its first interim dividend in five years.
Andrew Forrest is increasing the scope of his agricultural investment vehicle, Harvest Road Group, reaching an agreement to acquire Albany oyster farm Ocean Foods International.
Former AFL footballer and Wirrpanda Foundation executive Jarrad Oakley-Nicholls is off to a flying start in the business sector, after establishing Oaks Civil Construction and buying a traffic management business in Geraldton.
Perth Glory owner Tony Sage will no longer proceed with a proposed deal to sell a majority stake in the football club to a London-based cryptocurrency exchange, following two weeks of questioning over the terms of a proposed sale.
SPECIAL REPORT: The female leaders of four major medical research foundations are using experience from their diverse backgrounds to improve medical research in the state.
A move by Norwegian government-backed Equinor to withdraw from oil and gas exploration in the Great Australian Bight has been labelled disappointing by industry groups, and welcomed by environmentalists.
The state government’s most accomplished minister is planning to retire at next year’s state election, dealing a blow to premier Mark McGowan, with a handful of current ministers seen as potential successors should Labor be re-elected.
Oil prices has slumped by nearly 4.0 per cent as the rapid spread of the coronavirus outbreak in countries outside China added to investor concerns over the effect on demand for crude.
Gold has soared as much as 2.8 per cent on Monday to its highest level in seven years, as investors worried about global economic growth in the face of sharply rising coronavirus cases outside China.
The Australian share market has suffered losses across the board, with $60 billion in value wiped out in the local bourse's worst day in six months. Energy stocks were hardest hit, as concerns grow over coronavirus, while gold was one of the few positive sectors.
WBHO Infrastructure has been awarded a $43.3 million sub-contract from Perth-based engineering firm Mondium for works at Rio Tinto’s Western Turner Syncline Phase 2 mine site.
Shares in mining contractor Macmahon Holdings have touched a new high for the year after the company reported a strong interim profit and upwardly revised its revenue and earnings guidance for the full financial year.
A 34 per cent lift in first-half profit at MMA Offshore shows an improving environment for offshore service providers, with the company having won work with Woodside and Esso.
Gold explorer Apollo Consolidated is raising $10 million through a share placement to advance drilling activities at its flagship Lake Rebecca project in Western Australia.
Australia's four major airports achieved record profit in the past financial year, according to the ACCC, with Perth Airport touting its high passenger satisfaction relative to its counterparts on the east coast.
Junior gold explorer Alto Metals has received an off-market takeover bid from Chinese-owned Goldsea Australia Mining in an all-cash deal worth $20.7 million.
Energy, chemicals and resources company Worley has posted a 40 per cent jump in interim net profit to $115 million thanks to improved market conditions and the benefits of its Jacobs Engineering division buy, while at the same appointing Andrew Liveris as its deputy chairman.
Australian stocks have plummeted after offshore markets fell on fears the coronavirus outbreak is spreading across Asia and will increasingly affect global economic activity.
Oil prices fell about one per cent on Friday on renewed concerns about crude demand being pinched by the economic impact of the coronavirus outbreak, while OPEC and allied producers appeared to be in no rush to curb output.
