At the core of AAP Newswire is our unbiased, 24/7 breaking newswire that feeds the latest news from Australia and the world. Supported by over 200 journalists, AAP Newswire provides the news that matters.

Woodside considers 14-week FIFO roster

Resources companies are moving to longer fly-in, fly-out rosters to reduce the amount of travel to their remote sites, with Woodside Petroleum proposing a roster that would result in workers being awa

Stimulus deal boosts ASX200 a record 7%

The Australian share market has rallied hard in its final minutes for its best day ever after Prime Minister Scott Morrison announced the government's fiscal stimulus measures.

COVID-19 cruise patients to Joondalup hospital

An 11th hour agreement has resulted in 29 passengers from the Artania cruise ship who have tested positive for COVID-19 being transferred to Joondalup Health Campus, after earlier proposals to shift them to Hollywood Private Hospital, the Mount Hospital and Bethesda Health Care were criticised.

Banks move to support landlords, tenants

Australian banks will extend the six-month deferral of loans to 30,000 more businesses to help them cope with the COVID-19 pandemic.

Aust stocks higher amid virus volatility

The Australian share market has shaken off a weak lead from Wall Street to rise early as government prepares to announce further economic support measures for businesses amid the COVID-19 pandemic.

Oil posts fifth straight weekly loss

Oil prices plunged another five per cent and posted a fifth straight weekly loss as demand destruction caused by the coronavirus outweighed stimulus efforts by policymakers around the world.

Gold eases, despite big weekly gains

Economic damage expected from the coronavirus continues to boost the bullion's safe-haven appeal.

Aust stocks plunge, snapping gain streak

Australia's share market has plunged again following three days of gains, smashing any incipient hopes that the bear market is finished.

Woolies hiring 20,000, others flag cuts

Woolworths is creating 20,000 new jobs to meet a surge in demand but the list of companies shutting stores and standing down staff continues to grow.

ASX rebound continues for 4th day

Australia's share market has surged more than two per cent as investors buy up stocks across the board after another sharp rise in US equities.

Oil falls more than $US1 as demand falls

Oil prices lost more than $US1 a barrel overnight as restrictions on travel worldwide slashed fuel demand.

Gold jumps amid record high US job losses

Gold prices jumped to a two-week high overnight, after a record surge in US jobless claims dented the dollar and boosted expectations of further stimulus to cushion the global economic toll from the coronavirus pandemic.

ASX rallies again after US stimulus deal

Australian shares have rallied for a third straight day after a massive US stimulus deal sent global markets soaring.

Seven COVID-19 cases on ship off Perth

Seven passengers aboard the Artania anchored off Perth have tested positive for coronavirus, prompting WA Premier Mark McGowan to call on the navy to help get the cruise ship to leave.

Flight Centre to stand down or sack 6,000

Virus-ravaged travel firm Flight Centre says an initial 6,000 of its sales and support staff globally will either be stood down or made redundant in the company's latest bid to preserve a future.

ASX rallies again after US stimulus deal

Australian shares have rallied more than two per cent for a third straight day of morning gains after a massive US stimulus deal sent global markets soaring.

Oil prices rise on US stimulus deal

US crude prices rose slightly overnight, bolstered by progress on the US economic stimulus package, but government data shows the coronavirus pandemic started to hurt US fuel demand last week.

Palladium soars on S Africa lockdown

Palladium prices rocketed overnight as a lockdown in major producer South Africa exacerbated supply woes, while gold inched up as markets eyed US stimulus.

Aust stocks surge on huge US stimulus deal

Australian shares have achieved back-to-back gains for the first time since the coronavirus crisis began, rallying in the final minutes of trade on reports that US politicians have reached a deal on a massive US stimulus deal to shore up the world's biggest economy.

Cochlear in raising, ASX warnings multiply

Medical tech firm Cochlear is seeking to eliminate liquidity risk by raising $850 million as the coronavirus pandemic delays elective surgeries across a growing number of countries.

Virgin Australia stands down 8,000 staff

Virgin Australia has stood down about 8,000 of its 10,000 workers until at least the end of May and further slashed domestic flight capacity in the wake of the coronavirus border restrictions.

Aust stocks rally on US stimulus hopes

Australian shares have surged almost six per cent back to above the 5,000-point level on a wave of optimism a massive US stimulus deal will shore up the world's biggest economy.

Oil little amid falling demand

Oil prices rose modestly on overnight but settled off the day's highs as the coronavirus pandemic's heavy toll on demand offset hopes for a forthcoming $US2 trillion US economic relief package.

Palladium, platinum soar on lockdown

Palladium and platinum prices surged on Tuesday, with palladium on track for its biggest daily gain since 2001, as major producer South Africa was locked down due to the coronavirus, while gold soared over 5 per cent as fresh stimulus stopped liquidation among investors.

ASX rallies 4.2% after see-saw session

Australia's share market has rallied from a near eight-year low with the US Federal Reserve taking drastic action to shore up markets and new coronavirus cases seeming to plateau in Italy.

Woolies' pub staff, Seven cop virus blows

Woolworths has stood down 8,000 workers following the government ban on pubs, clubs and hotels while it has also postponed the separation and spin-off of its Endeavour division until 2021.

ASX rises but consumer confidence dented

Australia's share market has risen more than 1.5 per cent from a near eight-year low but consumer confidence has sagged as a flood of profit warnings pour in and the coronavirus spreads.

Crude edges higher, US gasoline slumps

Oil prices inched higher overnight while US gasoline prices plunged more than 30 per cent to a record low as global restrictions on travel to slow the spread of coronavirus destroyed demand for fuel.

Gold surges on Fed's new stimulus plans

Gold prices soared more than 4 per cent overnight, shrugging off early losses after the US Federal Reserve took aggressive new steps to combat the economic impact of the coronavirus outbreak, boosting investor sentiment.

Aust stocks erase all gains since 2012

The Australian share market has dived to an almost eight-year low as borders close and businesses shut in efforts to slow the spread of the coronavirus.

Jobs lost, more flights cut amid virus woe

Virgin Australia is likely to cut more domestic flights and regional airline Rex will only operate passenger services in Queensland as a virus-spooked nation bunkers down amid new travel and trading r



Countdown to WA lockdown as cases surge

Talks are under way to convert the Western Australian holiday hotspot Rottnest Island into a COVID-19 quarantine zone as the state's border closure approaches and the number of confirmed cases continue to rise.

WA premier rejects state border close call

Mark McGowan is resisting calls to close interstate borders as he confirmed three more coronavirus cases.

PM tightens overseas travel ban

Australia has upgraded its international travel advice to the highest level, with all citizens being told not to travel overseas because of coronavirus. It comes as Virgin Australia suspended all international travel for more than two months.

Worst day ever for ASX as it falls 9.7pc

Australia's share market has suffered its worst points loss in history as the coronavirus epidemic worsens, with another $182 billion in value wiped from the books.

most commented

Gold gains amid central bank hopes

Gold rose nearly 1 per cent overnight after suffering its largest daily fall in nearly seven years, as expectations grew for policy easing by the US Federal Reserve and other central banks to help boost the coronavirus-hit global economy.

Oil up over 5% on hopes of OPEC cut

Oil prices rose over 5 per cent overnight, reversing an early fall to multi-year lows as hopes of a deeper cut in output by OPEC and stimulus from central banks countered worries about damage to demand from the coronavirus outbreak.

Aust stocks rebound on central bank hopes

The Australian share market has powered more than 1.5 per cent higher as investors punt on global central banks taking stimulus action to ease economic pain caused by the coronavirus.

RBA cuts cash rate to 0.5%

The Reserve Bank of Australia has cut the cash rate to a new record low of 0.5 per cent as it acts to soften the economic impact of the coronavirus, with Australia's "big four" banks each announcing they would pass on the rate cut in full.