Spot gold has fallen about two per cent, one of its deepest declines of the past year, as the US dollar strengthened following hawkish comments by Federal Reserve officials on the path of US interest rates.
The Supreme Court has appointed a receiver to take charge of the Yindjibarndi Aboriginal Corporation in the lead-up to a general meeting set for next month to settle a long-running dispute with a breakaway organisation backed by Fortescue Metals Group.
The state government's asset sales campaign has hit a major snag today, with state Nationals leader Terry Redman announcing the party would not support the sale of Fremantle Ports, which had been forecast to raise $2 billion.
Programmed Maintenance Services will provide infrastructure maintenance services to seven state government agencies under a contract potentially worth up to $1.5 billion.
Energy giant Woodside Petroleum has put on hold its multi-billion dollar Browse liquefied natural gas project in view of the challenging market environment.
Gold has risen as investors seek assets seen as havens from risk after deadly bomb attacks hit Brussels airport and a rush-hour Metro train in the Belgian capital.
The amount of money spent by businesses in Western Australia on research and development fell by 34 per cent in the five years to 2013-14, a new study has revealed.
State-owned Gold Corporation has revealed a $24.9 million pre-tax profit for the first half of the 2016 financial year on the back of higher volumes and cost rationalisation.
Wall Street has closed little changed as investors search for fresh catalysts and show concern about fully-extended share prices after a five-week rally.
Gold has fallen for a third session, with demand for bullion hurt as the US dollar arrests three weeks of declines after hawkish comments from US Federal Reserve officials renewed expectations of US interest rate rises.
Prime Minister Malcolm Turnbull has upped pressure on the Senate crossbench to pass the government’s two reforms to trade union governance by announcing parliament will sit an extra three-week session beginning next month.
Transport Minister Dean Nalder has highlighted the social benefits of Roe 8 and touted the minimal environmental impact of the project at a lunch today, adding that the link would need to be built regardless of any move to an outer harbour.
Gold has turned lower, consolidating from a 2.5 per cent surge in the previous session when the Federal Reserve cut the number of interest rate rises it forecasts for this year, sending the dollar sharply lower.
The US dollar index has dropped to a five-month low while shares on Wall Street have rallied to lead global equities higher as a dovish US Federal Reserve emboldened investors to take on more risk.
Western Australian employment fell in February in seasonally adjusted terms while the unemployment rose slightly to 6.0 per cent, according to the Australian Bureau of Statistics.
Investment banking giant Credit Suisse has dealt a blow to the state government’s hopes of a big windfall from the privatisation of Western Australia’s TAB, revising its value estimate down by at least 65 per cent to under $250 million.
The S&P 500 has closed at its highest level of the year after the US Federal Reserve left interest rates untouched and signalled fewer rate hikes in coming months.
