Oil futures edged up overnight after falling for five days, gaining support from a rebound in Wall Street stocks and talk that OPEC and its allies might tighten the market amid fears the coronavirus could weigh on oil demand.
$1b wiped from Forrest fortune
Fears that iron ore demand will be hurt by China’s tough measures to contain the coronavirus outbreak have snapped a massive rally for Fortescue Metals Group. The Fin
Gold fell overnight as equity markets rebounded following positive US economic data while the dollar scaled a near two-month peak ahead of the US Federal Reserve's policy meeting.
The late Eric Lumsden, Jahna Cedar and Christine Simpson Stokes are among 76 prominent Western Australians to be awarded Australia Day honours this year.
The state government has approved an application by the Yindjibarndi Aboriginal Corporation to build accommodation at Millstream Chichester National Park, with the company to develop glamping tents, caravan sites and a new restaurant at the park.
Crude prices dropped 2 per cent to three-month lows overnight as the death toll from China's coronavirus grew, clamping down on travel and fueling expectations of slowing oil demand.
US stocks have suffered their worst day in over three months as China extended the Lunar New Year holiday due to a virus outbreak, fuelling worries about the economic impact of containment efforts in the world's second largest economy.
Gold climbed to a near three-week high overnight as mounting concerns over the economic fallout of the coronavirus outbreak sent investors scurrying for safe havens.
Curtin University has received a $580,000 federal grant to undertake research and development of new methods for storing, producing and exporting green hydrogen.
Lynas Corporation posted a 7.4 per cent rise in quarterly revenue as higher demand for rare earth elements countered weaker prices and the miner said it was on track to get its processing licence renewed by Malaysia in March.
Gold rose overnight as scaling concerns over a coronavirus outbreak in China and its impact on global economy soured sentiments for riskier assets, propping up demand for the safe-haven asset.
Oil prices fell 2 per cent overnight on concern the spread of a virus from China could lower fuel demand if it stunts economic growth, but losses were limited by a drawdown in US crude inventories.
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