Gina Rinehart has lost her position as Australia's richest person due to plunging iron ore prices and a bitter court battle with her two eldest children.
Wall Street has risen robustly for a second straight session, helped by higher oil prices and investors becoming more comfortable with the prospect of an interest rate hike as early as next month.
Gold has fallen to a seven-week low after upbeat US home sales data in the previous session boosted expectations that the Federal Reserve will press ahead with interest rate rises in the near term.
Oil prices have climbed to just shy of $US50 ($A69.62) a barrel after a sharper-than-expected fall in crude inventories, lifting energy shares and world stock markets.
THE sale of major public assets is looming as the only realistic option for a government of either stripe hoping to reclaim the state’s AAA credit rating and fund infrastructure needs in the decade
The state government has released details of its new digital innovation framework on the same day the auditor general slammed the state for letting its ICT strategy fall behind the rest of the country.
The state government has cast a wide net in its bid to boost defence-related work in Western Australia, with 16 small businesses – ranging from a landscape gardener in Port Hedland to a signage contractor in Bellevue – sharing in the latest round of defence-specific grants.
Gold has fallen to its lowest in more than four weeks as hawkish comments from Federal Reserve officials in the previous session sent the US dollar to a two-month high against a currency basket.
Wall Street has surged more than 1 per cent and the Nasdaq has had its strongest day in three months as investors made peace with the possibility the US Federal Reserve might soon raise interest rates.
WA has had nearly $170 billion redistributed to other states by the federal government during the past 10 years, with the GST only one tax with a problem.
Prime Minister Malcolm Turnbull has pledged an extra $60 million to fix mobile phone black spots; boosting the program Tony Abbott announced in the previous election campaign to $220 million.
Global stock markets have edged lower while short-dated US Treasury yields held near two-month highs as investors weighed the possibility that US interest rates could soon rise.
Gold has dipped to a three-and-a-half-week low as expectations rise that the US Federal Reserve will lift interest rates as early as June, but prices came off their lows as late-day short-covering entered the market.
Bill Shorten is trying to woo Perth commuters with a $1 billion pledge for the Metronet urban rail project, which WA Labor says will cost $2.5 billion but the WA Liberals have labelled as pork-barrelling.
Clive Palmer says he's decided not to pursue a federal Senate seat because he is past retirement age and wants to "play a bit of bowls and have a bit of fun".
Gold has edged lower for the third straight session and notched its biggest weekly slide in nearly two months on growing expectations for an increase in US interest rates as soon as next month.
The state government hopes to reduce the time required to secure approvals for starting a restaurant by up to three months through a $1.6 million ‘flying squad’ initiative.
Stocks around the world have sold off, while the US dollar has gained, pressuring oil and other commodities, as investors absorbed the possibility that the US Federal Reserve will raise interest rates in the near term.
