US stocks have fallen in a volatile session, with the S&P 500 ending just shy of confirming its second correction of 2018, hurt by fresh worries of an escalation of US-China trade tensions and a sharp drop in big tech and Internet names.
Oil prices have edged lower, with futures on track for the worst monthly performance since mid-2016, after Russia signalled that output will remain high and as concern over the global economy fuelled worries about demand for crude.
The future of the Perth Cultural Centre’s Picabar has been placed in doubt, after its operators disclosed their lease had been terminated by the state government, which has transferred management of the precinct to the Perth Theatre Trust.
Gascoyne Resources' share price plunged 55 per cent lower today after the gold miner disclosed managing director Mike Dunbar and chair Ian Murray both resigned last week, and it also downgraded its production forecast.
Property developer Nicheliving has hit the restart button on its planned ASX listing, after making several major changes to the business, including announcing plans to appoint a new corporate adviser and auditor.
The Australian share market has defied predictions of doom and gloom to climb at the start of a new trading week, with the heavyweight mining and banking sectors eking out early gains and healthcare stocks up by nearly three per cent.
Oil prices have risen, supported by expectations that sanctions on Iran would tighten global supplies, but futures posted a weekly drop as a slump in stock markets and concerns about trade wars clouded the fuel demand outlook.