Wall Street closed lower on Thursday, ending a three-day winning streak, as Wal-Mart shares dragged on the market after a lacklustre earnings report and oil prices pulled back.
Gold prices have risen just over two per cent, reversing earlier losses and lifting silver, as US equities resumed their downward spiral, renewing bullion's safe-haven appeal that has spurred the market's biggest rally in years.
Perth contractor NRW Holdings has had a major boost, with the state government selecting the company's joint venture with Italy’s Salini Impregilo as preferred contractor for the $2 billion Forrestfield-Airport Rail Link.
January brought a major reduction in the Western Australian unemployment rate, down 0.4 points to 5.9 per cent in seasonally adjusted terms, according to the Australian Bureau of Statistics, with a record number of women in jobs.
Telstra is on track to hit its annual financial guidance despite the telecommunications giant posting a flat first half net profit amid intense competition.
US stocks tallied their third straight session of gains on Wednesday, led by energy shares as oil prices jumped, while better-than-expected economic data helped allay growth fears.
The Australian dollar is stronger with the greenback falling amid news the US Federal Reserve has been concerned about global uncertainty and market volatility hitting the American economy.
Gold has held on to earlier gains and snapped three days of losses, after minutes of the US Federal Reserve's latest meeting showed policymakers considered changing their planned path of interest rate hikes in 2016.
Almost 80 contract variations worth more than $81 million tripled the cost of a Department of Health central computing services contract, with issues including more than 60 per cent of data racks going unused, the auditor general revealed today.
Global equity markets rallied on Tuesday as investors engaged in bargain hunting and shrugged off a downturn in oil prices after hopes for an agreement among top producers to freeze output faded.
Gold has fallen for the third straight session, as global equity markets and the US dollar rose, depressing interest in gold as a safe-haven asset and taking it further below last week's one-year high.
Wall Street minted its second straight session of solid gains on Tuesday, as investors snatched up beaten-down consumer discretionary, industrial and tech shares.
A public sector wage freeze, amalgamations of major departments and a reform of health would be key moves to fix the state government’s worsening debt position, according to Chamber of Commerce and Industry of WA’s pre-budget draft submission.
Prominent Labor MP and former resources minister Gary Gray has dropped another bombshell, announcing last night he will retire at the next federal election, meaning all three of Labor’s sitting mem
A visiting Sydney-based infrastructure adviser has suggested Western Australia undertake a pilot project to recapture some of the value created by publicly funded capital works developments.
Gold prices have eased after soaring five per cent the previous day, pressured by profit-taking after the biggest rally in more than seven years, but the metal was still set for its best week in four years as investors rushed to safe-haven assets.
Western Australian MP Ian Goodenough has called for a ministerial review into the federal government’s tightening of offshore investment regulations, saying the policy change is having an unintended detrimental impact on property development.
Veteran Labor Party politician Alannah MacTiernan has confirmed she will not seek to stay in federal parliament after the election due later this year.
The state government has completed the first in a series of planned asset sales, announcing that it has concluded negotiations with an industry consortium to purchase the Perth Market Authority’s Market City.
