Flight Centre has slashed its full-year profit guidance amid the worsening impact of the coronavirus outbreak on the travel sector and as its first-half profit plunged.
The Australian share market has crept marginally higher after three tumultuous days during which most of the gains it made this year were all but wiped out.
Oil prices fell three per cent on Wednesday after hundreds of new coronavirus cases reported in Europe and the Middle East stoked fears that energy demand would decline, and on concerns that the virus would become a pandemic in the United States.
Gold prices have gained following a steep fall in previous sessions as concerns over the coronavirus outbreak and its impact on the global economy raised hopes of interest rate cuts by major central banks.
The Supreme Court has disclosed that company director Russell Moran could have settled his dispute with broking firm Argonaut by paying $2 million; instead he went to trial and has now been ordered to pay in excess of $37 million.
Woodside Petroleum and BHP have reshuffled their interests in two petroleum titles key to the Scarborough LNG project, as the companies prepare for a final investment decision this year.
National advisory body Infrastructure Australia has added regional roads upgrades in WA and Perth's water security to its listing of high priority initiatives that need more attention, and notably has kept the proposed Morley Ellenbrook rail link near the bottom of its priority list.
A third straight day of monster losses for the Australian share market has come close to wiping out the local bourse's phenomenal gains since the start of the year.
Struggling gold producer Blackham Resources is seeking to raise $52 million at 1 cent per share, while also planning to secure a $40 million loan with a European trading group to expand production at its tenements in Western Australia.
It was Premier Mark McGowan's ‘Christian Porter moment', the day he saw his talented younger colleague, and probable successor, decide that a promising future in state politics was not for him.
Epilepsy WA has accredited 35 schools in Western Australia as ‘Epilepsy Smart Schools' in an effort to promote awareness and reduce stigma associated with the condition.
Mineral sands company Strandline Resources is raising $6.5 million through a share placement and fully-underwritten rights issue to accelerate work at its flagship Coburn project in Western Australia.
Perenti Global said it was on track to meet its earnings guidance for the full financial year despite problems in its African business denting first-half results.
Adelaide-based MGM Wireless has received a $3.5 million contract renewal with the Department of Education while Datacom Systems has secured a $3.1 million contract with the Department of Transport.
Virgin Australia is slashing its Tigerair fleet and cutting back on flights to rein in costs as the coronavirus cruels demand for leisure destinations and its budget airline's routes.
Australian shares have tanked nearly two per cent with falls across the board following a dive on US equity markets after a warning for Americans to prepare for the coronavirus.
Oil fell below $US56 a barrel overnight dropping for a third day, as concerns about the coronavirus and its impact on oil demand outweighed OPEC output cuts and Libyan supply losses.
Gold fell over one per cent on Tuesday as the metal's rally to 7-year highs in the last session prompted profit-taking even as worries about the coronavirus kept investors anxious about the fate of global economy.
Perth-based contractor Decmil has disclosed that its $185 million contract with New Zealand's prisons department has ended early, with the client halting payments and seeking to apply liquidated damages.
ASX-listed developer Mirvac is shifting its focus to the Burswood Peninsula as its $350 million Beachside Leighton precinct reaches the final stages, with the company's fourth residential building at the coastal enclave having recently topped out.
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.
