Strong gains in Facebook and Alphabet have helped Wall Street cut losses and stage a late-day rally, with major indexes closing near the unchanged mark.
Gold has risen to a three-month high, extending its recent rally on worries about global economic growth and hopes for easier monetary policy after weak factory data in Asia and Europe.
A strong end to the year in the national market for initial public offerings could be a harbinger for the year ahead, according to the annual IPO Watch Australia report.
Perth dwelling values fell 1 per cent in January as Australia’s combined capital cities showed a 0.9 per cent rise, with the local market expected to remain soft this year.
Gold has edged higher following data showing US economic growth braked sharply in the fourth quarter and the price of the precious metal was on track for its biggest monthly rise in a year after global economic headwinds hit riskier assets.
The state’s environment minister has picked three legal professionals to conduct a review into the Environmental Protection Authority, in the wake of the Supreme Court’s ruling on the Roe 8 highway project last month.
WA is one of the world’s largest producers of lithium, but a plan to diversify from mining into advanced manufacturing opportunities will be tricky to shore up.
Crude oil prices have risen to their highest in three weeks on hopes for a pact among oil producers to cut output, while the US dollar slipped on bets that interest rate hikes by the Federal Reserve would be more gradual than it has suggested.
Gold has fallen one per cent, pressured by earlier strength in equity markets on the back of a rally in oil prices, with bullion investors quick to cash in gains from the Wednesday's rally to 12-week highs.
Wall Street has climbed as a blockbuster quarterly report from Facebook drove tech shares higher and a bounce in oil prices propped up the beleaguered energy sector.
A collaboration between Victor Goh’s AAIG and Adrian Fini’s private development firm, Fini Group, plans to develop apartments and a hotel at Elizabeth Quay, after offering $85 million for two lots.
Wall Street dropped sharply after the US Federal Reserve frustrated stock investors hoping for a strong sign it might scale back future interest rate hikes because of recent financial and economic turmoil.
Gold has turned positive and has risen to a 12-week high, after the US Federal Reserve said it was "closely monitoring" global economic and financial developments, and held interest rates steady as expected.
Gold has risen to a 12-week high, shrugging off strong stocks with nervous investors moving into safe-havens as the US Federal Reserve began a two-day meeting expected to give clues about the timing of the next interest rate increase.
Wall Street has rebounded over 1 per cent, driven by a surge in oil prices and strong quarterly results from 3M, Johnson & Johnson and Procter & Gamble.
The state government has pressed on with its red tape cuts initiative by removing a cap on fees charged by settlement agents and land valuers, while amending the codes of conduct.