Oil prices have risen almost one per cent after a pipeline outage in Britain continued to support prices despite data expecting a global crude surplus in the beginning of next year.
Western Australia's unemployment rate rose to 6.6 per cent in November despite 8,500 jobs being created, while the national unemployment rate has remained unchanged even though the economy added far more jobs than expected in November.
Gold prices have hovered near their lowest in nearly five months as investors awaited an expected US interest rate increase and clues from the US Federal Reserve on its plans for further rises next year.
The Australian dollar is almost half a US cent higher against the greenback which has weakened after the Federal Reserve raised its interest rate, as expected, but left its outlook unchanged.
Oil prices have slipped for a second straight day, as a slump in US crude stockpiles was offset by a larger-than-forecast rise in petrol inventories and as US crude output continued to grow to record highs.
Australia’s former Trade Commissioner to Mexico, Central America and the Carribean Chris Rodwell will take the reins of the Chamber of Commerce and Industry of WA in February, as Deidre Willmott leaves the helm.
Oil prices have fallen sharply, as traders take profits after prices surged early to a two-year high on an unplanned closure of the pipeline that carries the largest North Sea crude oil grade.
Gold prices have retreated to a near five-month low as investors brace for a widely expected US interest rate increase this week and look for clues about further rises from the Federal Reserve.
Most chemicals used in hydraulic fracking are not harmful, while precautions can be taken to prevent problems from those substances which are, according to a CSIRO report released today.
Gold has steadied below $US1,250 an ounce after its biggest weekly drop in more than six months as markets anticipated an interest rate risee from the US Federal Reserve this week.
Oil have risen, overcoming declines early in the session, after a North Sea pipeline shut for repairs and investors focused on commodities following an explosion in New York.
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Western Australia’s economy is one year away from a return to normality, according to consultancy firm Deloitte Access Economics, with consumer confidence, exports and dwelling approvals data all pointing towards an upswing.
Gold prices prices hovered above a four-month low on Friday and were on track for their biggest weekly fall since May after progress on US tax reform fuelled optimism about the US economy and boosted the dollar.
Gold has fallen one per cent, hitting a four-month bottom below its recent trading range, as Wall Street stocks rose and the US dollar strengthened on optimism about passage of a US tax overhaul.
Oil prices have climbed more than 1 per cent on Thursday due to a threatened strike in Nigeria and as traders cover shorts after sharp losses the previous day brought on by an unexpectedly large rise in US stocks of refined fuels.
The state parliament has passed legislation today that seeks to guarantee Western Australian businesses a larger share of government contracts, after the auditor general found major flaws in the existing Buy Local policy in a report tabled earlier this week.
A big increase in manufacturing capacity could result from the production of tight and shale gas in Western Australia similar to that which occurred in the US state of Pennsylvania, according to Dennis Davin, secretary of that state’s department of economic development.
The Australian dollar has slipped against its US counterpart which has continued strengthening amid optimism for US tax reform, lawmakers' efforts to avert a government shutdown.
US crude has tumbled nearly three per cent on Wednesday, its biggest daily decline in more than two months, after a sharp rise in US inventories of refined fuel suggested demand may be flagging, while US crude production hit another weekly record.
A further reshuffling of state government departments appears likely after Treasurer Ben Wyatt released the government's service priority review today.
The auditor general has found major flaws in the state government’s Buy Local policy, with concerns regarding data collection leaving agencies unsure if the policy is benefitting local businesses.
The Australian economy expanded at a slower-than-expected rate in the three months to September, however WA’s domestic economy appears to be on the mend, growing 0.9 per cent for the quarter.
Gold has dropped one per cent to a two-month low as the US dollar rises against a basket of currencies and US stocks rebounded as investors assessed details of the US tax overhaul legislation.
The Reserve Bank has left the cash rate unchanged at 1.5 per cent, with the central bank remaining concerned about sluggish spending and wages growth despite an improving jobs market.
