New car sales across Australia have gone backwards for the 19th month in a row, the country's peak motor industry group says, with sales in Western Australia also down sharply.
Virgin Australia says it will retire five ageing aircraft and reduce domestic capacity by 2 per cent in the first half of next year, including scrapping two services to Perth, as it focuses on more profitable routes.
Two researchers based at the Harry Perkins Institute of Medical Research will join the Centre of Excellence in Synthetic Biology as part of a $35 million investment courtesy of the Australian Research Council.
Boral says first-quarter earnings have dipped across all three of the building materials maker's divisions, reaffirming guidance for a full-year profit drop of between five and 15 per cent.
Oil prices rose more than 1.0 per cent overnight on hopes for a US-China trade agreement and optimism that the US could roll back some tariffs on Chinese imports.
Gold fell 2.0 per cent overnight, en route to its biggest one-day dip in over a month, as expectations the United States may drop tariffs on Chinese imports assuaged some fears of a global recession.
Australia's resources industry is expected to be one of the biggest winners from a massive Asia-Pacific free-trade pact that covers half the world's population.
The Reserve Bank of Australia has held the cash rate at a record low 0.75 per cent, while keeping the door open for future cuts if the low cost of borrowing and tax cuts fail to stimulate the economy.
Oil prices rose overnight, buoyed by an improved outlook for crude demand as better than expected US jobs growth added to market hopes a preliminary US-China trade deal would be reached this month.
Gold edged lower overnight as investors leaned towards riskier assets, driven by optimism on US-China trade talks and fading fears of a global economic slowdown.
A trailblazer in the field of Alzheimer's research will investigate preventative treatment for the disease on the back of $3.1 million in funding from the federal government.
The Australian share market has closed higher for the ninth time in eleven days, with a big day for the mining sector outweighing a slide in major bank stocks.
A new book profiling eight successful business people, including Murray McHenry, Rick Hart, Lew Beale and Kylie Radford, discusses what makes a great entrepreneur.
The Australian share market has moved higher despite a slide in major bank stocks, instead following the positive lead from Wall Street at the end of last week.
Oil prices rose nearly 4.0 per cent on Friday on signs of progress in US-China trade talks and stronger-than-expected economic data in both countries, including US employment and Chinese manufacturing activity numbers.
Macquarie Group has lifted first-half profit 11 per cent to $1.46 billion and increased its interim dividend, but maintains its full-year result will fall short of last year's record.
Orica has increased its shareholder payout after the explosives maker swung to a $245.1 million full-year profit despite $134 million in writedowns against IT and a WA ammonium nitrate plant.
Oil prices were nearly 2.0 per cent lower overnight after a leak on a key US pipeline disrupted supply flows and on data showing weak factory activity in China.
