Oil prices climbed by more than $US1 a barrel overnight on hopes that major crude producers will agree to extend output cuts during a video conference expected to be held this week and as countries begin to reopen after coronavirus lockdowns.
Gold retreated 1 per cent overnight as investors booked profits and Wall Street rallied on optimism over economies emerging from coronavirus-led shutdowns.
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.
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 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.
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.
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.
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.
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 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.
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.
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.
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.
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.
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.
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.
Mining services companies Mader Group and Lycopodium have downgraded their full-year earnings guidance, citing the impacts of the coronavirus outbreak on their operations.
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.
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.
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.
The High Court has dismissed Fortescue Metals Group's application to appeal a native title ruling covering its Solomon iron ore mine in Western Australia's Pilbara region.
