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.
Gold has rallied two per cent to $US1,260 an ounce, turning higher after the Federal Reserve indicated that the United States continues to face risks from an uncertain global economy, pressuring the US dollar.
Troy Buswell's chief of staff Rachael Turnseck engaged in misconduct when she gave misleading information to a Western Australian government inquiry into his 2014 car crashes, the corruption watchdog has found.
Small business will be better protected against the misuse of market power by bigger players under new changes to competition law, which has been criticised by the Business Council of Australia and Wesfarmers chief executive Richard Goyder.
The University of Western Australia will proceed with its renewal program, including the consolidation of eight faculties into four, after a previously announced move to reduce staff was halted by industrial action.
The sale of the former Swan District Hospital site moved a step forward today as the state government opened expressions of interest in the old hospital as part of its land asset sales program.
Mining giant BHP Billiton has called for tax and workplace reforms in Australia, wading into the ongoing political debate ahead of the federal election later this year.
Healthcare and materials stocks have pulled Wall Street lower in a second straight day of quiet trading as investors cautiously awaited news from the US Federal Reserve's two-day policy meeting.
Gold has fallen to its lowest in almost two weeks ahead of a Federal Reserve statement that is expected to give clues on the pace of future US rate rises.
