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.

Australian shares shrug off virus concerns

Australian stocks are higher on renewed confidence about how China is handling the coronavirus crisis.

Oil slides amid demand fears

Oil prices edged lower overnight as fears that energy demand would take a long-term hit from the coronavirus outbreak offset prospects for more cuts in crude production from OPEC and its allies.

Gold falls as China works to stem virus

Gold slid more than 1 per cent overnight as Chinese steps to mitigate the economic impact from the coronavirus epidemic drove some investors away from safe havens and back into riskier assets.

ASX rebounds despite energy sector losses

Australian shares have closed higher as China took steps to prop up its economy and global manufacturing data showed factory activity rebounding in January.

RBA holds cash rate at record low 0.75%

The Reserve Bank of Australia has held the cash rate at a record low 0.75 per cent, as widely expected by economists.

Gage Roads fizzes on soft earnings result

Gage Roads Brewing Company shares have lost a bit of fizz with the WA company's stock plunging to a more than two-year low after it flagged a shortfall in sales was likely contribute to a full-year guidance miss.

McCormack triumphs over Joyce; Greens elect Bandt leader

Deputy Prime Minister Michael McCormack has repelled a leadership challenge from Barnaby Joyce, emerging victorious in a party room ballot this morning, while Adam Bandt has been elected unopposed as Greens leader following the resignation of Richard Di Natale.

Australian stocks shrug off early jitters

Australian shares have recovered from morning jitters as investors wait for news on the deadly coronavirus and a rates decision by the Reserve Bank of Australia.

Oil hits 13-month lows on coronavirus

Oil prices fell to the lowest in more than a year overnight as the coronavirus outbreak curtailed Chinese demand and sparked potential supply cuts by OPEC and its allies.

Gold slides as dollar gains

Gold fell 1 per cent overnight as the dollar firmed and investors opted for riskier assets after China took steps to relieve pressure on its economy from the impact of the coronavirus outbreak.

Australian stocks dive amid virus fears

The local share market has nosedived amid fear that the deadly coronavirus epidemic will cause a prolonged shutdown of Australia's biggest trading partner.

Worley appoints new CEO

Andrew Wood has retired as chief executive of engineering giant Worley and been replaced by the company’s chief operating officer, Chris Ashton, in a move that has surprised the markets.

December building approvals up in WA

Building approvals in Western Australia rose by 3.6 per cent to 982 in December, while total housing approvals across Australia dipped 0.2 per cent.

Nationals, Greens face leadership changes

Minister for Resources and Northern Australia Matt Canavan has quit cabinet today and thrown his support behind former deputy prime minister Barnaby Joyce, who has announced plans to seek leadership of the National Party tomorrow. It follows the resignation of deputy Nationals leader Bridget McKenzie yesterday and Greens leader Richard Di Natale today.

Oil Search drops 10% after PNG deal stalls

Oil Search shares have dropped more than 10 per cent in value after negotiations on developing a new gas field in Papua New Guinea fell apart over the weekend.

Australian stocks dive amid virus fears

Australian shares have nosedived amid ongoing fear and uncertainty of the potential economic fallout of the deadly coronavirus epidemic.

Oil slides amid virus outbreak fears

Oil prices fell on Friday and were on track for a fourth straight weekly loss on mounting worries about economic damage from the coronavirus that has spread from China to around 20 countries, killing more than 200 people.

Gold set for best month amid virus fears

Gold prices rose on Friday and were heading for their best month in five as worries over economic growth due to the fast-spreading coronavirus boosted appetite for safe havens.

ASX slightly higher ahead of key risks

The local bourse has closed marginally higher - experiencing its first losing week this year - but still had its best month since last February.

CBA makes $83m provision for fire claims, launches Klarna

Commonwealth Bank of Australia will make an $83 million provision for insurance claims from the recent bushfires across the country.

Perpetual to buy ESG specialist Trillium

Funds manager Perpetual plans to buy US responsible investments firm Trillium Asset Management to take advantage of growing demand for sustainable investment.

Australian shares rise again despite virus

Australian stocks seem set to end the week on a positive note despite continued international concern about the deadly coronavirus epidemic and its impact on the global economy.

Oil falls 3 per cent on China virus toll

Oil prices fell 3 per cent on Thursday to the lowest in three months on concerns over the potential economic impact of the coronavirus that continues to spread worldwide, while the market also considered the possibility of an early OPEC meeting.

Gold rises on China virus fears

Gold prices rose overnight as concerns of a slowdown in global growth due to a virus outbreak in China weakened risk appetite among investors.

Miners, CSL lead Australian stocks lower

Australian stocks have closed lower as gains by financial and consumer staples sectors failed to offset losses among resources and health care shares.

Gold Road shares up on quarterly results

Gold Road Resources shares rose by more than 11 per cent today after the company announced higher than expected cash generation from its Gruyere gold mine in Western Australia.

Fires, storms cost Suncorp $519m in H1

Insurance giant Suncorp Group expects the cost of three natural hazards in its second half to be capped at $300 million.

Nearmap plummets on earnings downgrade

Nearmap shares sunk nearly 30 per cent after the aerial mapping company issued an earnings warning, saying it had lost two major clients in North America as mapping for the driverless car industry stalled.

Australian stocks retreat

Australian stocks remained in the doldrums at noon as gains in big banks and consumer staples failed to offset losses among resources and healthcare shares.

Oil mixed as virus fears and OPEC cut talk

Oil prices were mixed overnight as worries about the coronavirus outbreak and swelling US crude inventories weighed on prices, counter-balanced by talk that OPEC could extend oil output cuts.

Gold rises as virus woes persist

Gold gained overnight as worries over economic growth due to the fast-spreading coronavirus buoyed safe haven demand, with investors awaiting the US federal Reserve's monetary policy decision.



Woodside defers Browse LNG decision

Woodside Petroleum has deferred a final investment decision on the giant Browse gas project as it deals with the complexity of the planned development and unresolved commercial differences with its partners.

Fortescue posts near four-fold profit rise

Fortescue Metals Group has reported a near four-fold jump in first-half profit as it cashed in on higher iron ore prices, while analysts said a lower than expected dividend reflected caution on the global economy.

Accounts scandal hits Boral, CEO to leave

Boral boss Mike Kane has announced he is standing down after the company confirmed staff at its North American windows business had inflated earnings figures over a 20-month period.

Holden demise 'huge blow' for dealerships

Car dealers are reeling from the "huge blow" of General Motors retiring the Holden brand in Australia, as the peak dealership group calls for regulations to protect businesses.

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Holden demise 'huge blow' for dealerships

Car dealers are reeling from the "huge blow" of General Motors retiring the Holden brand in Australia, as the peak dealership group calls for regulations to protect businesses.

Mid West native title deal signed

The Yamatji Indigenous community has celebrated a landmark economic package and native title recognition for more than 100,000 hectares of land in Western Australia’s Mid West.