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Australia's S&P/ASX 200 index closed up 79.20 points, or 0.87%, at 9225.00 on Wednesday, August 5.

2026-08-05

Australia's S&P/ASX 200 index closed up 79.20 points, or 0.87%, at 9225.00 on Wednesday, August 5.

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2026-08-05

The Accounting Department of the Ministry of Finance said revisions to Enterprise Accounting Standard No.30 — Presentation of Financial Statements focus on presentation and disclosure only and do not change accounting recognition or measurement. Key

The Accounting Department of the Ministry of Finance said revisions to Enterprise Accounting Standard No.30 — Presentation of Financial Statements focus on presentation and disclosure only and do not change accounting recognition or measurement. Key changes: current-period profit or loss will be presented in five categories — operating, investing, financing, income tax expense and discontinued operations — and new subtotal lines for operations profit, operating and investing profit, and profit from continuing operations will be required to clarify profit sources and performance. Companies whose principal business is investment or financing must reclassify gains and losses normally assigned to investing or financing into the operating category to reflect their core activities. The revision aims to improve the usefulness and structure of accounting information.
2026-08-04

Saudi Aramco CEO: Oil demand remains strong. We are in a supply crisis, not a demand crisis.

Saudi Aramco CEO: Oil demand remains strong. We are in a supply crisis, not a demand crisis.
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