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.
Gold has fallen as hints of more monetary stimulus from the European Central Bank weighed on the euro and pushed stocks higher, denting appetite for alternative assets.
The state government plans to appeal last month’s shock Supreme Court ruling that overturned approval of the Roe 8 highway project, while also announcing it intends to proceed with a new environmental review of the project.
Australia’s big four banks and one insurance company have been ranked within the top 100 most sustainable companies in the world, with Commonwealth Bank of Australia leading the charge for the nation.
Wall Street has staged a modest rally as oil prices recorded their biggest gain this year and ECB President Mario Draghi raised hopes of more stimulus for Europe.
Gold has fallen after posting its biggest one-day gain in two weeks the day before, as hints of further stimulus from the European Central Bank hurt the euro and a rebound in global stocks curbed risk aversion.
Gold and nickel miner Independence Group plans to make about 40 employees redundant after announcing it would cut exploration spending by $20 million in response to weak base metals prices.
