Telstra will take a $300 million impairment charge on its 35 per cent stake in Foxtel after the majority owner of the pay TV network, News Corp, wrote down its value.
Oil prices slipped overnight as global supply and demand worries erased earlier gains seen from an increase in Saudi Arabia's official crude selling price and a surprise rise in Chinese exports last month.
Gold jumped 2 per cent overnight after a string of weak economic data, including surging unemployment in the United States, heightened fears over a coronovirus-induced global downturn, while investors turned their attention to nonfarm payrolls for further cues.
People Diagnostix managing director Jason van Schie says his technology startup should be able to carry on as normal in a month's time, despite undergoing major financial stress in recent weeks.
Businesses in the hospitality, tourism and retail sectors are holding out for COVID-19 restrictions to lift, as a majority of turnaround professionals believe these businesses won’t be able to survive more than three months if the shutdown continues.
Central banks have ditched their traditional caution in attempting to stimulate economies during the COVID-19 pandemic, and an ongoing evolution in thinking about monetary policy helps explain why.
The state government is providing special assistance for universities and local councils. A new scheme has been announced to help the mining industry. Western Australia has reported no new coronavirus infections.
The proposed merger between Vodafone Australia and TPG Telecom has received the green light from the Foreign Investment Review Board, taking it another step closer to completion.
UPDATED: Private equity player Aurenne Group has made a $32 million all-cash takeover offer for ASX-listed Alt Resources, which is developing the Bottle Creek gold mine in Western Australia.
Activate Perth chair and mayoral hopeful Di Bain has penned an open letter to the state government lobbying it to spend up to $130 million raised through Perth CBD’s parking levy as stimulus for the city’s commercial tenants.
St George Mining has launched a new capital raising to secure further funding for its Mt Alexander nickel-copper sulphide project in Western Australia, with the next major drill program to begin this month.
Apollo Consolidated is selling a portion of its interest in two overseas gold projects, with the proceeds to fund drilling and development studies on its Lake Rebecca project in Western Australia.
Western Australian researchers have bred a rare and emerging species of rock oyster, which the state government believes could help grow WA's nascent oyster industry.
Rio Tinto has established an internal team to lock in some of the unexpected efficiency gains it has achieved during COVID-19 restrictions, the group’s iron ore chief executive Chris Salisbury has told Business News in a video interview.
Refiner and fuel retailer Caltex Australia is seeing a slump in fuel demand amid widespread social restrictions and business closures due to the COVID-19 pandemic.
Oil dropped 4 per cent overnight to below $US30 a barrel as US crude stockpiles ticked up and diesel inventories swelled, offsetting OPEC-led cuts in production and hopes for a recovery in demand as some countries ease coronavirus lockdowns.
Gold fell more than 1 per cent overnight, pressured by a stronger dollar and expectations that gold supplies will grow as bullion refineries resume operations, and on gradual improvement in investor risk appetite as countries have begun to ease coronavirus restrictions.
An Association of Mining & Exploration Companies survey has found that 74 per cent of Australian mineral exploration companies have ceased, or dramatically decreased, their exploration operatio
Accounting firm BDO is closing down its local cyber and risk advisory offerings, with Western Australian chairman of partners Pippa Hobson among the staff losing their position.
Perth Airport has hit back at Qantas chief executive Alan Joyce after he claimed the airport had refused to relieve the airline of rent and passenger fees during the COVID-19 pandemic.
Former BAC Group managing director Mark Armstrong has been charged with making a misleading statement to the Australian Securities and Investments Commission, and ex-Stellar Corporate Solutions director Craig Dale will face court on charges of avoiding anti-money laundering reporting requirements.
Shares in oil junior Jupiter Energy halved today after the company blamed day traders and social media activity for a 100-fold lift in its share price in late April, during which its chairman sold all his stock.
Tian An Australia says it’s committed to progressing its 300-berth marina after the Shire of Murray knocked back its proposal late last month, with the developer claiming the Shire has taken “unorthodox action” in regards to a planning amendment.
Telethon Kids Institute has received $2.66 million from BHP to lead a trial testing the effectiveness of multiple sclerosis drug interferon in reducing the infectiousness of COVID-19 patients.
