The Australian dollar has plunged to a one-month low after strong US employment figures increased expectations that the US Federal Reserve will increase its interest rate in December.
Gold has fallen to a three-month low and set to post its biggest weekly drop in more than two years after US data shows job growth surged in October, making it likely the Federal Reserve will raise interest rates in December.
The competition watchdog has warned that the privatisation process for Fremantle Ports could deliver a high price to government but at the expense of port users.
A visiting Canadian economist has warned that Australia requires urgent reform to its labour market laws if the nation is to remain internationally competitive.
The Australian share market has closed slightly higher as investors await key jobs figures in the US which are likely to influence whether the US Federal Reserve lifts interest rates in December.
US stocks have drifted lower on the eve of the highly anticipated jobs report, seen as a litmus test for a Federal Reserve increase in interest rates.685
US stocks have drifted lower on the eve of the highly anticipated jobs report, seen as a litmus test for a Federal Reserve increase in interest rates.685
Gold has fallen to a seven-week low as the US dollar hit a three-month high, and looks vulnerable to further losses after Federal Reserve officials left the door open to a US interest rate rise in December.
Oil prices have slipped for a second straight day as traders worry about abundant supplies and a dollar made stronger by Federal Reserve hints of a hike in interest rates.
The Australian Submarine Corporation should be privatised, while Australian workers have the capability to produce defence projects locally, Austal chief executive Andrew Bellamy said today.
Sales of new cars fell 10.5 per cent across Western Australia in October on the previous corresponding period, despite a 3.4 per cent uptick nationally for the month.
Gold has fallen to a one-month low, dropping for the sixth straight session as the US dollar shot to a three-month high after US Federal Reserve Chair Janet Yellen raised expectations for a December interest rate increase.
The Australian dollar has softened against the greenback, which rose after the head of the US Federal Reserve endorsed an imminent interest rate tightening bias.
Labor's candidate for the new West Australian federal seat of Burt has hinted the party's policy of a national interest test for gas exports will form a key plank of his election campaign.
Premier Colin Barnett says the state won't be rushed into making a decision on stage two of the controversial Perth Freight Link, despite federal funding hinging on work being under way next year.
Retail spending in Western Australia has hit its highest level on record, in seasonally adjusted terms, with September expenditure more than $2.8 billion; yet growth is well down from the heights of the boom.
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.
