Fortescue Metals and BHP are the latest big mining companies to reveal how much Tropical Cyclone Veronica has impacted their iron ore production.
Extreme weather conditions have hurt Rio Tinto's iron ore production and driven prices to their highest level in years, while weaker oil prices weighed on Oil Search's revenue over the March quarter.
Woolworths will close 16 per cent of its loss-making Big W stores over the next three years as well as two distribution centres in regional Queensland and South Australia.
Iron ore prices are tipped to stay much higher than budget forecasts, potentially handing the Federal Government a multi-billion-dollar windfall this financial year and next.
The International Energy Agency reveals that despite a rapid uptake of renewable energy, increased demand for heating and cooling drove coal-fired power generation and carbon emissions higher.
If the Fed's message about growth wasn't that positive, Wall Street traders weren't listening as they bid up stocks overnight.
US stocks ended mixed as worries about the US-China trade dispute offset news that the US central bank does not plan any interest rate rises this year.
A unanimous decision in a Californian court find the weed killer caused a 70-year-old man to develop non-Hodgkin's lymphoma after he used it for nearly 30 years on his property.
Shares on Wall Street gains made earlier in the session after a report that the US and China are in dispute over some measures to end their trade war.
US stocks rally in late trade, but gains are limited as Boeing and Facebook shares take a hit as both face regulatory threats.