Oil prices fell more than four per cent overnight, even after OPEC and allies including Russia agreed to extend supply cuts until next March, as weak manufacturing data had investors worried that a slowing global economy could dent oil demand.
Gold prices rose 1.5 per cent overnight, a day after posting the biggest one-day percentage fall in two and a half years, as US Treasury yields fell on worries over global growth and renewed concerns over global trade.
The Australian Securities and Investments Commission has appointed Morgan Stanley to sell a stake of approximately 12.9 per cent in Yowie Group, which the regulator seized in April.
The Australian share market fell flat after the Reserve Bank delivered a consecutive cash rate cut, with the big four banks and mining giants pulling in opposite directions.
Kalium Lakes is a step closer to a final investment decision on its Beyondie sulphate of potash project, after it received a credit-approved offer from German KfW IPEX-Bank for around $102 million.
Nickel miner Panoramic Resources has entered into a binding agreement to sell its Thunder Bay North platinum group metals project in Canada for $C9 million ($9.8 million).
Australia's monetary expansion during the past decade has been among the most substantial in the developed world, according to recent data, with the Reserve Bank today continuing an easing policy.
The Australian Securities and Investments Commission has banned Western Australian company director Richard Philip Lambe from providing financial services for three years, the latest ban from its investigation into Veronica Macpherson's Macro Group.
Georgiou Group has secured a contract for the design and construction of a new interchange at Roe Highway and Kalamunda Road, as it reached a key milestone on a second infrastructure package at Perth Airport (see video).
The Reserve Bank of Australia has cut the cash rate to a fresh record low of 1.0 per cent, reducing the cost of borrowing for two months in a row for the first time since 2012.
Empired plans to undertake a buy-back of up to 10 per cent of its shares, while also announcing that it would cut operating costs and capex in the current financial year to help boost earnings.
US company Civeo has acquired Kewdale-based Action Industrial Catering, which counts Fortescue Metals Group, Pilbara Minerals and Western Areas among its major clients.
SPECIAL REPORT: Carol Innes is heartened by the positive steps already taken towards reconciliation, despite the enormous amount of ground still to be covered.
SPECIAL REPORT: Helen Milroy believes courage, effort, and collaboration are needed to help heal intergenerational trauma suffered by indigenous Australians.
SPECIAL REPORT: Reconciliation Action Plans are used by hundreds of organisations across Australia to deliver better outcomes. Click through to our Indigenous Development feature.
Oil prices pared gains overnight after worries about oversupply persisted, pulling back from an early rally as OPEC extended supply cuts until March 2020 during a meeting in Vienna.
Gold slid by as much as two per cent overnight as the US dollar rallied and investors flocked to higher-risk assets after the agreement to resume trade talks between the United States and China.
Fresh supermarket proposals are emerging across a range of near-city suburbs, including Highgate, West Perth, Nedlands, Inglewood and Como, as retail groups respond to community demand for modern shopping facilities.
Macmahon Holdings has responded swiftly to last week's unexpected retirement of two directors, including chairman Jim Walker, by reappointing Vyril Vella to its board.
