News

Oil futures were little changed overnight, supported by expectations that OPEC will deepen output curbs but pressured by the prospect that gas condensate will be excluded from cuts for non-member producers.

Gold edged higher overnight as uncertainty emerging from mixed messages on the US-China trade negotiations offset headwinds from positive economic data out of the United States while deficit-hit palladium extended a record surge.

Curtin University has announced the departure of vice-chancellor Deborah Terry, who will take up the role of vice-chancellor at the University of Queensland.

The Australian share market has rebounded following two days of steep losses, with every sector posting gains.

Scott Morrison is reducing the number of federal government departments and sacking five senior bureaucrats in a major shake-up of the public service.

Panoramic Resources has formally rejected the takeover bid from Independence Group and confirmed it is seeking to raise $31 million to fund its operations, including the underperforming Savannah nickel mine.

Culture and the Arts Minister David Templeman has announced the formation of a cultural precinct taskforce, ahead of WA Museum’s reopening in late 2020.

Caltex Australia is planning a $500 million capital raising and the sale of an initial 25 petrol stations for $136 million as it contends with an unsolicited approach from its Canadian suitor.

Retail spending flatlined in October in yet further evidence consumers have banked any recent stimulus windfall instead of hitting the shops.

Metcash has slipped to a $152.5 million first-half loss on the back of the loss of its 7-Eleven supply contract.

The Australian share market has rebounded following two days of steep losses and after stocks on Wall Street bounced overnight.

A trifecta in running for TAB

Oil prices surged 4.0 per cent overnight on expectations that OPEC and allied producers would extend production curbs and as US government data showed a large drop in domestic crude stockpiles.

Gold shrugged off earlier gains to fall overnight as a report suggesting progress on the US-China trade negotiations rekindled risk appetite while palladium notched up a fresh peak.

The Australian share market has fallen sharply for the second day in a row, after Donald Trump remarked that a trade deal with China might have to wait until late 2020.

The state government has announced a 10-year homeless strategy, with $72 million to fund the construction of two facilities in Perth to house people experiencing chronic homelessness.

Rio Tinto has approved a $US1.5 billion investment to continue production at its Kennecott copper mine in the US, while also announcing it will limit operations at one of its minerals projects in South Africa, following an attack on two of its employees.

At least $1.6 billion of equity has been raised by WA-linked critical minerals hopefuls in the past five years, but achieving consistent returns is another battle.

Australia's GDP showed only a slight expansion in the last three months, while WA's state final demand fell by 0.2 per cent for the quarter - the second weakest performing state.

The Australian share market has fallen sharply for the second day in a row after another negative lead from overseas.

Western Australian company Dutjahn Sandalwood Oils has won the small business award at this year’s Australian Exporter of the Year event, held at Parliament House in Canberra last night.

Woodside moves forward on $6b Senegal oil project

Oil steadied overnight as expectations of output cuts from OPEC and allied producers brought prices back up after they slid briefly following comments from US President Donald Trump that a trade deal with China may be delayed.

Gold jumped more than 1.0 per cent overnight on fading optimism surrounding a US-China trade deal after US President Donald Trump said talks could extend until after the presidential elections in November 2020.

Gold Road Resources and Gold Fields' $621 million Gruyere mine officially opened today, with Mines and Petroleum Minister Bill Johnston saying the project would create around 250 jobs over the next 12 years.

Crothers Construction and Badge Constructions have begun work on two separate school upgrades, worth a respective $10 million and $9 million.

The Australian share market has suffered its worst day since mid-August on renewed fears over global trade uncertainty.

The Reserve Bank of Australia has held the cash rate at a record low 0.75 per cent, as widely expected by economists.

Perenti Global subsidiary Barminco has piloted its new remote operations centre with a Goldfields mine, following several successful trials earlier this year.

Australia's current account surplus widened to a larger than expected $7.855 billion in the September quarter despite a drought-related decline in export of rural goods.

Caltex Australia says the $8.6 billion unsolicited takeover offer from Canadian convenience store operator Alimentation Couche-Tard undervalues the company.

Santos has upgraded its 2025 production outlook to 120 million barrels of oil equivalent from 100 mmboe, indicating a cumulative annual growth rate of more than eight per cent.