The Australian share market has finished higher across nearly all sectors, clawing back its losses from the last two days and narrowly missing closing at a new one-month high.
PODCAST: Mark Pownall and Sean Cowan discuss markets jump, eviction moratorium, airline and media deals, Rob Scott, Crown Resorts, Pioneer Credit, and our special report on the past quarter's deals.
Western Australia records six new cases and one death from COVID-19, NBN Co announces a $150 million relief package for internet providers during the pandemic, and Health Minister Roger Cook flags the need to locate asymptomatic cases in the community.
Engineering company Lycopodium has developed an electrically operated ventilator, to be used as emergency backup in the event of a shortage during the COVID-19 pandemic.
John Holland has been awarded a $3.2 million contract and construction, and maintenance company Enviro Infrastructure has won a $2.9 million contract from the Public Transport Authority of WA.
The state government has said that classes will embark on a soft reopening in Term 2, as government and schools continue to debate whether teachers should have access to PPE.
Sandfire Resources has withdrawn its full year production guidance, citing uncertainty over the impacts of COVID-19, but says operations at its DeGrussa copper-gold mine in Western Australia remain largely unaffected.
The state’s film and television industry has not been immune to the economic fallout from the COVID-19 pandemic, with staff cuts and hits to revenue already flowing through the sector.
Salt Lake Potash has moved a step closer to developing its Lake Way project in Western Australia after receiving $20 million in commitments from a capital raising.
Rio Tinto is maintaining its 2020 production guidance for ore, bauxite, alumina and aluminium but expects mined and refined copper to drop further amid COVID-19 restrictions.
Brisbane-based jewellery group Michael Hill has suffered an 11.9 per cent dive in third quarter revenue across its global network after it closed shopfronts due to the coronavirus pandemic.
The Australian share market has risen in early trade following a strong overnight performance by US giants Amazon and Netflix and ahead of looming Chinese GDP data.
Gold fell after climbing 1.3 per cent overnight, as safe-haven demand weakened after US jobless claims rose less than a week ago and hopes grew for an easing of coronavirus-led curbs.
Oil prices were mixed overnight, as Brent crude rose modestly while US futures ended unchanged at an 18-year-low after some European countries said they would relax coronavirus restrictions even though OPEC lowered its global oil demand forecast.
Virgin Australia is resuming a minimal national schedule while Qantas is expanding its domestic passenger services, with the new schedules including eight regional centres in Western Australia.
The Environmental Protection Authority has released its greenhouse gas guidance which maintains its goal of net zero emissions by 2050 but will be flexible in how it is applied, after receiving feedback on a draft it released in December.
National LNG export revenue could fall by as much as 40 per cent in 2021 because of a collapse in the oil price, and the industry is unlikely to emerge as Australia’s saving grace as it did during the Global Financial Crisis.
Australia could experience a sustained recession into the second half of 2020, new research from Bank of America predicts, while the latest data from the Australian Bureau of Statistics offers little insight into the impact of shutdowns on unemployment in Western Australia.
Western Australia’s rock lobster fishers have been given a temporary lifeline after the federal government brokered a deal to ship 500 tonnes of the local catch to China.
Australia's coronavirus restrictions will remain in place for four weeks. Health Minister Roger Cook has announced an expanded COVID-19 testing program in WA. The state has reported two new infections and an extra case from the Artania cruise ship.
The liquidator of Kimberley Diamonds, which was placed into administration in 2015, has announced the full return of money owed to around 125 former company employees.
The federal government has outlined seven principles for how public schools should respond to COVID-19, one day after Premier Mark McGowan reportedly began weighing whether to have classes return as normal in Term 2.
Decmil has announced the closure of its New Zealand subsidiary, citing major losses following the termination of a NZ$185 million contract with the country’s prisons department.
Yirra Yaakin Theatre Company’s near-term future is secure after it was included among the 95 organisations to receive four years' funding from the Australia Council for the Arts earlier this month.
