Refiner and fuel retailer Caltex Australia is seeing a slump in fuel demand amid widespread social restrictions and business closures due to the COVID-19 pandemic.
Oil dropped 4 per cent overnight to below $US30 a barrel as US crude stockpiles ticked up and diesel inventories swelled, offsetting OPEC-led cuts in production and hopes for a recovery in demand as some countries ease coronavirus lockdowns.
Gold fell more than 1 per cent overnight, pressured by a stronger dollar and expectations that gold supplies will grow as bullion refineries resume operations, and on gradual improvement in investor risk appetite as countries have begun to ease coronavirus restrictions.
An Association of Mining & Exploration Companies survey has found that 74 per cent of Australian mineral exploration companies have ceased, or dramatically decreased, their exploration operatio
Accounting firm BDO is closing down its local cyber and risk advisory offerings, with Western Australian chairman of partners Pippa Hobson among the staff losing their position.
Perth Airport has hit back at Qantas chief executive Alan Joyce after he claimed the airport had refused to relieve the airline of rent and passenger fees during the COVID-19 pandemic.
Former BAC Group managing director Mark Armstrong has been charged with making a misleading statement to the Australian Securities and Investments Commission, and ex-Stellar Corporate Solutions director Craig Dale will face court on charges of avoiding anti-money laundering reporting requirements.
Shares in oil junior Jupiter Energy halved today after the company blamed day traders and social media activity for a 100-fold lift in its share price in late April, during which its chairman sold all his stock.
Tian An Australia says it's committed to progressing its 300-berth marina after the Shire of Murray knocked back its proposal late last month, with the developer claiming the Shire has taken “unorthodox action” in regards to a planning amendment.
Telethon Kids Institute has received $2.66 million from BHP to lead a trial testing the effectiveness of multiple sclerosis drug interferon in reducing the infectiousness of COVID-19 patients.
Major commercial construction jobs have been derailed by the novel coronavirus crisis, with neither the public nor the private sector stepping up to provide certainty for contractors.
Retail spending in Western Australia increased by 9.9 per cent in March as consumers stockpiled food, home and office supplies, resulting in some retailers, including JB Hi-Fi, posting a strong quarter.
Gnangara-based Pacific Energy will acquire Kewdale's Hybrid Systems Australia as the company positions itself to support an accelerating roll out of new electricity generation technology, such as standalone power systems.
Gold steadied above $US1,700 an ounce overnight, as massive global stimulus measures to ease the economic blow from the coronavirus pandemic offset improved risk sentiment on the back of easing restrictions and lockdowns.
ASX-listed funds manager and retail landlord Primewest has offered to cover the cost of professional advice for its retail and commercial tenants affected by COVID-19, in a partnership with multinational accounting firm RSM.
Just 37 per cent of shops at Western Australia's biggest malls and main street retail strips are open for trade, laying bare the impact of the COVID-19 crisis on the retail sector.
The Reserve Bank of Australia has chosen to keep interest rates unchanged today at 0.25 per cent, despite news of over 1 million job losses nationwide and a 48.5 per cent drop in car sales.
The Australian share market has risen by more than one per cent for a second straight day as sentiment cautiously improved for the country's economic prospects.
WA has reported its sixth consecutive day of no new coronavirus infections. Prime Minister Scott Morrison says coronavirus restrictions are costing the Australian economy $4 billion each week. The National Cabinet is expected to ease some restrictions on Friday.
The Chinese conglomerate behind Pilbara magnetite ore mine Sino Iron has said the operation reported a profit for the first time since it started up in 2013, after higher iron ore prices lifted revenue 15 per cent.
Potential for a hydrogen industry in WA has been ignited in 2020, with at least 12 feasibility studies under way, while the federal government has announced $300 million to support the industry.
El Caballo Resort and Lifestyle Village will be repurposed to become a social housing facility for indigenous Australians under a new joint venture established by the South West Aboriginal Land and Sea Council.
