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BHP says big miners' profits will not survive if they simply pay lip service to the social and environmental toll of resource extraction, with the "social value" of a business decision increasingly important to a company's long-term future.
The National Broadband Network has copped an official warning from the competition watchdog after the taxpayer-funded wholesaler allowed one telco to see sensitive pricing information months before its rivals.
Oil prices slid about 1.0 per cent overnight as the US government's plans to blacklist more Chinese companies dampened hopes for a trade deal between the two countries, although unrest in Iraq and Ecuador lent some support to crude prices.
Gold prices gained overnight, bouncing off a one-week low touched earlier in the session, as uncertainties over US-Chinese trade talks and Brexit drove a decline in stock markets and prompted investors to seek refuge in the safe-haven metal.
Gold prices inched lower overnight but held a tight range around the $US1,500 level as investors took a cautious approach ahead of the US Federal Reserve minutes and trade talks between the US and China this week.
The Australian share market has posted gains across the board after jobs figures from the US reassured traders that the world's largest economy wasn't on the brink of recession after all.
Oil prices rose about 1.0 per cent on Friday as an increase in US jobs eased some financial market concerns that a slowing global economy could dent oil demand but crude still fell more than 5.0 per cent on the week, its second consecutive weekly decline.
Gold steadied on Friday, paring earlier gains as bets the US Federal Reserve would cut interest rates aggressively this year were tempered after better-than-expected US jobs data, but bullion was still on track for a weekly gain.
Live export company Emanuel Exports and two of its former directors have strongly indicated through their lawyer they will plead not guilty to animal cruelty charges stemming from a sweltering voyage to the Middle East on which about 2,400 sheep died.
The Australian share market has made up a bit of its losses from the past two days but still ended the week down three per cent - its worst week since mid-November.
US crude futures were slightly lower overnight, drawing some support from the stock market after earlier touching nearly two-month lows on weak economic data.
Gold jumped more than 1.0 per cent to its highest in a week overnight as weak US data deepened concerns over economic growth and bolstered bets for further interest rate cuts by the Federal Reserve.
\Webster Limited is set to become the latest Aussie agribusiness firm snapped up by Canadian interests, with a proposed $854 million takeover by PSP Investments sending the nut and livestock producer's shares soaring by more than 50 per cent.
The Australian share market has opened sharply lower, with every sector losing at least 1.0 per cent, after a second day of significant falls on Wall Street.
Gold prices rose more than 1.0 per cent overnight as a report showing weaker-than-expected hiring by US private employers stoked economic fears the day after another report showed weak manufacturing activity in the world's largest economy.
Oil prices fell more than 2.0 per cent overnight after official data showed a rise in US crude inventories, adding to worries about an oversupplied market as weak economic readings in the United States depressed global financial markets.
National Australia Bank is set to cop a $1.18 billion hit in its full-year results including an extra $832 million in customer remediation costs related to dodgy insurance and the fees-for-no-service advice scandal.
Oil prices slipped overnight, pressured as weak US economic data dimmed crude's demand outlook while reports of an output decline from the world's largest oil producers in the third quarter kept prices from falling further.
Gold jumped 1.0 per cent overnight, reversing course from earlier in the session when it touched a near two-month low, as the US dollar pared gains after weak US manufacturing data bolstered bets for another interest rate cut by the US Federal Reserve.
The Australian share market has enjoyed its best day in nearly a month following the Reserve Bank's decision to cut the cash rate for a third time this year.
The Perth restaurateur behind The Meatball Bar and MOP Donuts has been found guilty of assault but acquitted over claims he threatened to destroy a man's cafe and put him "in a coffin" over some fruit and vegetables.
Online travel agent Webjet looks set to take an earnings hit and could write-off $43.7 million following the collapse of giant UK travel company Thomas Cook.
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