Crude prices ended the overnight session slightly higher after a volatile day in which the US benchmark passed $US75 a barrel for the first time in more than three years before turning negative and later recouping its losses.
The Reserve Bank has left Australia's official interest rate at its record low level of 1.5 per cent for the 23rd month in a row, with weak household spending remaining an area of concern for the economy.
Oil futures have fallen as supplies from Saudi Arabia and Russia rose while economic growth stumbled in Asia amid escalating trade disputes with the United States.
Wall Street has ended higher after a choppy session, with gains in Apple and other technology stocks offsetting worries about an escalating trade war between Washington and its trading partners.
Gold has slipped more than one per cent to its lowest in 6-1/2 months ahead of a US holiday, and platinum headed to its lowest in nearly 10 years as the greenback strengthened and an ongoing US-European Union trade spat pressured precious metals.
Oil prices have dipped amid escalating trade disputes between the United States and other major economies, although crude markets remained tight due to supply disruptions, high demand, and the looming US sanctions against Iran.
Labor leader Bill Shorten has backed down from his ‘captain’s call’ to roll back company tax cuts for businesses with turnovers between $10 million and $50 million a year, after a leadership meeting today.
The state government is aiming to decide the future of the TAB by the end of this year, following today's release of a Treasury paper warning that failure to sell the state’s betting agency could create a major risk for the longevity of the local racing industry.
Oil prices have climbed with US crude hitting a three-and-a-half year high, bolstered by supply concerns due to US sanctions that could cause a large drop in crude exports from Iran.
US stocks have risen as technology and other growth sectors rebounded from the prior day's declines and financial shares snapped a 13-day losing streak.
Western Australia was among the states leading a rise in job vacancies, which lifted 5.7 per cent between February and May driven by with growth in both the private and public sectors.
The Australian dollar is lower against the greenback after a moderation in the Trump administration's approach to Chinese investment spurred the US dollar to rally against most major currencies.
Oil prices have jumped as plunging US crude stockpiles compound supply worries in a market already uncertain about Libyan exports, a production disruption in Canada and Washington's demands that im
The state government will partially privatise title registry agency Landgate in a move expected to raise at least $640 million, with the money to be used to fund the state's share of the National Redress Scheme for child abuse victims.
International opportunities for Western Australian startups, microgrid developers and the biotech sector are expected to develop in coming years, according to the state’s trade representatives.
The Australian dollar has fallen below 74 US cents amid a rebound in the US dollar as trade tensions continue and investors focus on hopes of Federal Reserve rate rises.
Crude futures have jumped more than two per cent and US oil topped $US70 for the first time in two months as Washington pushed allies to halt imports of Iranian crude, which would constrain global supplies.
Gold has hit its lowest in more than six months as a selloff in global risk assets eased and the precious metal remained under pressure from the prospect that rising US interest rates will further support the dollar.
Stavely Minerals, Prodigy Gold, Chalice Gold Mines and St George Mining are among the Western Australian miners that will share in $31 million allocated through the federal government’s Junior Minerals Exploration Incentive announced today.
The Australian dollar has fallen against the US dollar amid a drop in oil prices with a looming lift in crude output and a worsening of the trade war between China and the US.
