Investors on the ASX have finished the week with losses, but China's decision to reinstate an economic growth target should bode well for Australian exporters.
Mike Henry has given an upbeat assessment of the economic rebound from COVID-19, saying the miner now expects global growth to exceed estimates it made just six months ago.
Copper fell overnight and nickel extended a slide, accelerating a sell-off in industrial metals that reversed recent weeks of stellar gains.
Mark Burton, Jack Farchy and Yvonne Yue Li
Regulators have ‘raised concerns’ with Whyalla steelworks saviour Sanjeev Gupta as the solvency of his key financier falters.
Perry Williams, Cameron England, Nick Evans
In a day of heavy Wall Street trade, the Nasdaq wiped out all of its year-to-date gains and ended down 9.7 per cent from its record closing high on February 12.
Rising US bond yield have hit global shares and undermined safe-havens such as gold, with investors looking to see Fed chair Jerome Powell addresses the issue.
Tom Arnold and Hideyuki Sano
UBS reckons that with payout ratios still below average, dividends won’t return to pre-virus levels until ‘well past’ 2023.
Investors have suffered losses on the ASX, while a fund manager saw risk ahead as growth companies and bonds continued to sell.
Rob Scott says Qantas boss Alan Joyce’s idea for a national border closure strategy is a good one.
Workers from the NSW Hunter region know change is coming as nations shift to low emissions economies, so are calling for an honest conversation with leaders.
Germany’s financial watchdog shuttered Greensill Bank and asked law enforcement officials to investigate accounting irregularities at the lender.
Nicholas Comfort, Steven Arons and Lucca de Paoli
Technology entrepreneur Jemma Green says she cannot remember communicating with a journalist who reported in 2018 that American billionaire Elon Musk was interested in her Power Ledger group.
Retailer Myer has revealed CBD store closures as result of the coronavirus pandemic have dented its sales.
The Federal Government has released its ten-year plan to grow the resources and minerals sector to create more jobs and economic opportunities for manufacturing business.
A retreat in US Treasury yields has fuelled demand for riskier assets and weakened the dollar.
Tom Wilson and Stanley White
Miners have helped the Australian share market close higher, while better than expected economic data helped the Aussie dollar rise.
Joyce Corp benefited as more Australians stayed at home during the pandemic spending on their homes and renovations.
Greensill Capital is moving closer to a deal to sell its operating business after a swift crisis of confidence in Lex Greensill’s start-up lender forced it to seek a sale to avoid collapse.
Lucca de Paoli and Luca Casiraghi
The gold miner appointed Macmahon on a $500 million contract after a competitive tendering process at the conclusion of a seven-year term with Byrnecut.
In this morning’s bombshell announcement, Simon Thompson said he was ultimately accountable for the failings that led to the blasting of the ancient site in the Pilbara.
Shares on the ASX were higher early but closed lower, as the RBA decision to keep the cash rate at a record low had little impact on investors.
Deals among cashed-up mining companies are poised to pick up once lingering uncertainties from the pandemic dissipate, according to the most-active investment bank in the industry.
James Attwood and Joe Deaux
Shares in Liontown Resources surged to an all-time high after the company reported wide gold intersections from recent drilling at its Moora project.
Governor Philip Lowe says the economic recovery is well under way and has been stronger than was earlier expected.
© West Australian Newspapers Limited 2020