Gold has risen for a second day, rebounding from last week's five-and-a-half-year low, as a retreat in the US dollar prompted investors to cover short positions ahead of a European Central Bank (ECB) meeting and US payrolls data this week.
Western Australian merchandise exports were up 11.7 per cent for the September quarter, after five quarters of decline, while the national current account deficit fell 12 per cent to $18.1 billion.
The Australian share market has made strong gains as investors took heart from economic data out of China and prices for gold, oil and copper lifted in Asia.
Synergy chairman Lyndon Rowe has mapped out a detailed agenda for energy market reform, saying there would be catastrophic consequences if the government did not tackle market players with vested interests.
The US dollar pared gains after hitting an eight month high against major currencies, while the prospect of further European Central Bank stimulus dragged the euro, and oil futures fell on worries about a growing supply glut.
Gold has lifted 1 per cent but remains close to its lowest level in almost six years, and is on track for its steepest monthly slide in two-and-a-half years on prospects of a US interest rate rise in 2015, as the US dollar hit a multi-month high.
Young Australians are deeply concerned about personal debt and less-than enthused about the nation’s economic prospects, according to a survey by local organisation Student Edge.
Local Government Minister Tony Simpson says he's aware Perth Lord Mayor Lisa Scaffidi is threatening to resign in the face of another inquiry into her conduct.
Gold has dropped almost two per cent to a near six-year low, set for a sixth straight weekly decline under pressure from a firm US dollar and prospects of a US interest rate rise in December.
The Australian share market has faded into the red after a positive start, dragged back by the absence of a lead from US markets, and investor fatigue.
A New Zealand-based insolvency expert has been put in charge of a new state government authority that will decide how $1.7 billion from the Bell Group litigation will be distributed.
Developers say the extension of a buffer around industrial areas near Kwinana has the potential to set a dangerous precedent over the erosion of the rights to develop land.
Australia Post has been given the thumbs up by the consumer watchdog to raise the price of a basic stamp by more than 40 per cent while taking longer to deliver the letters they are stuck on.
The Australian share market has opened higher, following positive leads from European bourses overnight with Wall Street closed for the Thanksgiving holiday.
Former Western Australian under-treasurer John Langoulant has questioned the business community for failing to reprimand the state government’s loss of a AAA credit rating, at a Bankwest Curtin Economics Centre forum today.
The state government has begun the tender process to find a lead financial adviser as it plans to move ahead with divesting a portion of Keystart’s loan book to the private sector.
