Australia’s trade deficit improved to $2.3 billion for the month of September, in seasonally adjusted terms, despite Western Australia’s export performance being softer than the same time last year.
The Australian share market has opened more than one per cent higher, boosted by positive leads from markets overseas and a positive outlook for the Australian economy.
Wall Street stocks rose for the second straight session, led by resurgent oil shares and retailers after a pair of US clothing chains raised their earnings forecasts.
Gold has fallen nearly two per cent to a four-week low, sliding for a fifth straight session as prices come under pressure from a rising US dollar and speculation that the Federal Reserve may lift interest rates this year.
The Australian share market is over 1 per cent higher, ending a six session losing streak, after the Reserve Bank left the door open for a another rate cut.
Western Australia Labor's left faction is hoping to oust Gary Gray from the federal seat of Brand, saying he should be an independent if he doesn't want to toe the state party line.
The Dow has pushed back into positive territory for 2015, lifted by a technical bounce in petroleum shares and data showing a seven-year peak in US construction spending.
A cluster of Western Australia-listed companies has been highlighted in BNiQ research as exhibiting strong revenue growth, appearing to have bucked the economic slowdown with strong gains in operational income.
The Australian share market has been dragged down by Australia's biggest companies as global investors steer away from risk assets ahead of Tuesday's Reserve Bank of rate decision.
Businesses are benefiting from the "Turnbull effect" but that won't necessarily stand in the way of an interest rate cut when the Reserve Bank of Australia holds its Melbourne Cup day board meeting.
The state government is at odds with the Commonwealth over plans to shelve the second stage of the $1.7 billion Perth Freight Link, with the federal minister for cities saying today the funding agreement was for both stages of the project, not just stage 1.
The Australian share market has opened relatively flat as investors await the Reserve Bank of Australia's decision on interest rates, and key economic data from the United States.
Gold has fallen to a three-week low, extending two days of losses and heading for its biggest weekly drop since August on the chance the US Federal Reserve may still raise interest rates this year.
Productivity is inextricably linked to place, according to new research from Deloitte, which has urged governments and the business community alike to focus on ‘placemaking’ to help smooth the transition to a knowledge-based economy.
Talks between Pfizer and Allergan have raised the prospect of a mega-merger in the pharmaceutical industry as the broader US stock market finished slightly lower.
Oil prices were little changed as traders' worries about abundant global supplies returned to the fore a day after a rally fuelled by bargain hunting from prior slumps.
Gold has fallen for a second day, reaching its lowest level in three weeks, after the Federal Reserve hinted at a possible US interest rate rise in December.
The decision to keep rates unchanged in the US has given a note of confidence to the Australian share market, despite supermarket giant Woolworths shedding eight per cent of its value.
