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BGC reports $107m loss for FY19

BGC Australia has reported a net loss of $107 million on revenue of $974 million in the year to June 2019, as the group continues its major restructure.

Federal Court rules live export ban 'unreasonable'

A ban on live exports in 2011 has been ruled invalid by the Federal Court, following a long-running dispute between 300 producers and former agriculture minister Joe Ludwig.

Rio review for indigenous heritage

Rio Tinto has committed to review its indigenous heritage approach and its plans in the Juukan area, near the Brockman mine, after the destruction of an ancient rock cave provoked national outrage; while community representatives have described their efforts leading up to the blast.

Litigation funders on the spot

Are litigation funders a danger to the Australian economy or an important pillar that improves access to justice?

Remote work set to stay

Perth law firms say flexible working arrangements will be more common after their experience of the past two months.

Major shift in law firm rankings

There has been a significant re-ranking of law firms in Perth over the past year, while the sector is also adapting to the impact of COVID-19 restrictions.

ASX edges higher after rush of data

The Australian share market has closed up slightly in a mixed performance as traders digested a raft of economic news.

Virgin Aust shortlist down to Bain, Cyrus

Bain Capital and Cyrus Capital Partners are the preferred bidders to acquire Virgin Australia, Deloitte announced this afternoon.

Mineral exploration down amid COVID-19

The Australian minerals sector has experienced a 20 per cent drop in exploration spending over the March quarter, with industry groups calling for more government support.

RBA holds rate, economic outlook uncertain

The Reserve Bank of Australia has kept the cash rate at a record low 0.25 per cent at its monthly board meeting as it assesses the extent of the coronavirus-driven economic downturn.

Perth's Premier Arborists

Geoff’s Tree Service Pty Ltd (GTS) is an ISO certified organisation providing professional arboriculture and tree maintenance services for over 25 years. It employs just under 25 staff members.

Fini to create new Leederville hospitality hub

Adrian Fini-led FJM Property has unveiled plans to redevelop the Leederville Hotel and laneway into a multi-venue food, drink and entertainment precinct that will link with the new headquarters for Dale Alcock's ABN Group.

Perth house prices fall 0.6%

Perth is one of five capital cities to record a drop in housing values over May, with Australian data posting its first month-on-month decline since June last year.

Decmil completes $30m raising

Shares in Decmil dropped by more than 50 per cent today after the engineering and construction company completed a heavily discounted rights issue, which is part of a broader $50 million capital raising plan.

Art sector seeks grant clarity

Denied the ability to perform or present their work during COVID-19 lockdown, arts organisations and independent artists in Western Australia have been investing their time navigating a range of recent funding initiatives.

Getting back to the office

Stringent cleaning measures and discounted parking are among the initiatives rolled out to lure workers back to the CBD.

Brickworks' sales hit by virus

Building products manufacturer Brickworks says sales revenue in its main Australian market has dropped 10 per cent in the four months to the end of May as a result of the coronavirus pandemic.

Aust share market up, dollar rising

The Australian share market has edged up into positive territory after an early dip as civil unrest in the US soured positive sentiment.

Morning Headlines

Iron ore boom is no silver bullet for budget

Oil steady; possible output cuts support

Oil futures steadied overnight as rising US-China tensions weighed on sentiment, but prices drew support from reports that OPEC and Russia were close to a deal extending output cuts.

Gold firms on China standoff, US protests

Gold prices rose overnight supported by increasing friction between Washington and Beijing and protests in the United States over racism.

ASX slumps on US-China tensions

The Australian share market has ended the month with a sell-off after China went ahead with a controversial national security law for Hong Kong that sets up renewed tension with the United States.

Mark my words podcast

PODCAST: Mark Pownall and Mark Beyer discuss the virus impact and policy response, live sheep, industrial relations shift, COAG, investors lose $200m, Michelle Fyfe, and our special report on law firms.

Mader, Lycopodium revise FY20 guidance

Mining services companies Mader Group and Lycopodium have downgraded their full-year earnings guidance, citing the impacts of the coronavirus outbreak on their operations.

Deloitte works to cut Virgin bidders to two

Deloitte will settle on a final shortlist of two preferred bidders for Virgin Australia early next week after parties reaffirmed their interest.

$131bn for hospitals, COAG reform

Federal hospital funding will rise about $30 billion to be $131 billion in the next five years, while the Council of Australian Governments will be replaced by a permanent national cabinet.

WA to lift restrictions next weekend

Almost all businesses will be able to reopen in Western Australia next weekend, as the state becomes the first in the country to reduce the four square metre rule, and gatherings of up to 100 people will be allowed.

Agri success without handouts

Australian farmers are among the least subsidised in the world, while government support has shifted from manufacturing into the services industry in recent years, according to two new reports.

Emerging into the unknown

The end of federal assistance to businesses and workers will be a pivotal point in how Australia emerges from COVID-19 lockdown.

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