Albanese to allot $4M for Western Australia oil refinery study
Prime Minister Anthony Albanese is set to allocate $4 million towards a feasibility study for a new oil refinery in Western Australia.

Jon is a former international magazine editor with a strong background in business publications (print and digital) in the Middle East and Australia.
Prime Minister Anthony Albanese is set to allocate $4 million towards a feasibility study for a new oil refinery in Western Australia.
Oil prices declined and U.S. stocks gained on Monday after a pause in fighting between the United States and Iran increased expectations that diplomatic efforts could continue.
Lakeland Financial Corporation (NASDAQ:LKFN) reported record second-quarter 2026 net income of $28.4 million, or $1.13 per diluted share, compared with $27 million, or $1.04 per share, in the second quarter of 2025.
Hope Bancorp (NASDAQ:HOPE), the holding company of Bank of Hope, reported second-quarter 2026 net income of $33 million, or $0.26 per diluted common share, compared with a net loss of $24.8 million, or $0.19 per share, in the second quarter of 2025.
Costamare (NYSE:CMRE) reported second-quarter net income from continuing operations of $83.9 million and liquidity of $423 million.
Perfect Corp. (NYSE:PERF) reported second-quarter net income of $1.3 million, up 518.4%, while revenue remained stable at $16.3 million.
IDEAYA Biosciences (NASDAQ:IDYA) announced the initiation of the Part 2 monotherapy expansion for its Phase 1/2 clinical trial evaluating IDE892.
The9 (NASDAQ:NCTY) reported its first-quarter 2026 financial results, generating an unaudited net income of $23 million for the period ended March 31, 2026.
Connor Fitzgerald, who led Stripe's stablecoin card programme, has stepped down from the payments company.
NTAW Holdings (ASX:NTD) agreed to sell its Western Australia Black Rubber assets and 50% stake in South Africa's Tyrelife Solutions.