The benchmark S&P 500 stock index has clinched its longest bull-market run, closing above its previous January high, as Federal Reserve Chairman Jerome Powell affirmed the US central bank's current pace of rate hikes.
Oil prices gained more than 1 per cent on Friday, ending a run of weekly declines on signs that Iran sanctions may limit global supply and that a trade war may not curb China's appetite for US crude.
John Langoulant’s interests range widely, from building a lyric theatre in Perth to doing business in the Top End, but his main passion is public sector reform.
Prime minister designate Scott Morrison has admitted his party was battered and bruised this week, but committed to focus on unifying the country, with a review of the government's drought response his number one priority.
Wall Street's major indexes fell as trade-sensitive stocks were hit by a fresh round of tariffs in the trade dispute between the United States and China.
Oil prices have steadied as the escalating trade war between the United States and China weighed on demand expectations a day after prices jumped on a big draw in US crude inventories.
There will likely be three contenders to become Prime Minister tomorrow, reportedly including WA’s Julie Bishop, with Malcolm Turnbull preparing to call a second leadership spill.
The state government has contracted Deloitte and AECOM to undertake studies on shipping volumes and traffic flows that will be pivotal to its Westport outer harbour project.
US stocks have closed mixed, with the Nasdaq gaining on the strength of tech stocks while the S&P 500 was little changed as it marked its longest bull market run.
Oil prices have jumped three per cent, with Brent crude futures hitting a three-week high, after US government data showed a larger-than-expected draw in crude inventories and as Washington's sanctions on Iran signalled tightening supplies.
Company tax cuts have been jettisoned following defeat in the Senate, as Prime Minister Malcolm Turnbull mounts a defence of his leadership, while an eligibility cloud hangs over challenger Peter Dutton.
The benchmark S&P 500 has touched a record high and equalled its longest ever bull-market run, as US stocks rose on earnings reports in the consumer sector and relative calm in the trade dispute between the United States and China.
The state government has selected Department of Health executive Rebecca Brown as the new director general of its industry and tourism mega department – making her the third woman picked this year to head a major government agency.
Two frontbenchers have reportedly offered their resignations to Prime Minister Malcolm Turnbull this afternoon, adding to that of former Home Affairs minister Peter Dutton, after Mr Turnbull held off
a leadership challenge this morning.
Oil futures rose after weeks of declines, as investors grew more concerned about an expected fall in supply from Iran due to US sanctions and worried less that a trade war between the United States and China would hurt economic growth.
Wall Street's major indexes have risen on optimism over trade talks between the United States and China, though they fell from session highs after President Donald Trump criticised the Federal Reserve for raising interest rates.
US stocks have closed higher with the S&P 500 and the Dow Jones Industrial Average extending gains and the Nasdaq turning positive on reports of progress in tariff disputes between the United States and its trading partners China and Mexico.
Crude prices rose on Friday, but declined on the week on worries that oversupply would weigh on the US market while trade disputes and slowing global economic growth would dampen demand for oil.
The next move for interest rates is up, but the outlook for jobs is good and a wage rise could be around the corner, says Reserve Bank governor Philip Lowe.
US stocks have rebounded with the Dow posting its biggest percentage gain in over four months, as positive earnings and waning trade jitters buoyed investor confidence.
Oil prices rose slightly as global markets steadied, recovering some of the previous day's two per cent slide, though a weakening outlook for crude demand kept prices in check.
The state government has foreshadowed a new graduate visa scheme to attract international students to WA but has no plans to reverse earlier policy decisions that have contributed to a plunge in the state's share of foreign students coming to Australia.
The state’s unemployment rate has declined for a fourth straight month, after the economy added about 13,000 full-time jobs in July, according to the latest figures from the Australian Bureau of Statistics.
