News

Western Australian business media company Business News has reorganised its leadership team, with the elevation of Charles Kobelke to chief executive to lead a growth strategy on the back of its subscription model success.

China sizes up Barrambie

Oil prices rose about 1.0 per cent on Friday as an increase in US jobs eased some financial market concerns that a slowing global economy could dent oil demand but crude still fell more than 5.0 per cent on the week, its second consecutive weekly decline.

Gold steadied on Friday, paring earlier gains as bets the US Federal Reserve would cut interest rates aggressively this year were tempered after better-than-expected US jobs data, but bullion was still on track for a weekly gain.

The Australian share market has made up a bit of its losses from the past two days but still ended the week down three per cent - its worst week since mid-November.

Funding for terminal upgrades at the Busselton-Margaret River Airport remain up in the air as Jetstar has announced it will operate direct flights between Melbourne and Busselton in March of next year.

The Australian share market has opened higher, joining Wall Street in recording gains after two sessions of significant losses.

India, Nepal, Pakistan ‘high risk’ for unis

US crude futures were slightly lower overnight, drawing some support from the stock market after earlier touching nearly two-month lows on weak economic data.

Gold jumped more than 1.0 per cent to its highest in a week overnight as weak US data deepened concerns over economic growth and bolstered bets for further interest rate cuts by the Federal Reserve.

The Australian share market has dived for a second straight day, losing $49 billion in value amid a rout of global equities.

Medicinal cannabis research company Emerald Clinics has boosted its management team with the appointment of Michael Winlo as chief executive, ahead of an expected IPO later this year.

The Australian share market has opened sharply lower, with every sector losing at least 1.0 per cent, after a second day of significant falls on Wall Street.

Gold prices rose more than 1.0 per cent overnight as a report showing weaker-than-expected hiring by US private employers stoked economic fears the day after another report showed weak manufacturing activity in the world's largest economy.

Oil prices fell more than 2.0 per cent overnight after official data showed a rise in US crude inventories, adding to worries about an oversupplied market as weak economic readings in the United States depressed global financial markets.

Kalium in box seat

Mia Davies invoked the memory of US president Teddy Roosevelt to argue for pragmatic and market-based policy decisions at a Business News Policy Briefing today.

A major sell-off in global shares has battered the Australian share market following fears the mighty United States economy is slowing.

The Australian share market has opened sharply lower, mirroring falls on Wall Street overnight.

WA seeks nominations for TAB privatisation

Oil prices slipped overnight, pressured as weak US economic data dimmed crude's demand outlook while reports of an output decline from the world's largest oil producers in the third quarter kept prices from falling further.

Gold jumped 1.0 per cent overnight, reversing course from earlier in the session when it touched a near two-month low, as the US dollar pared gains after weak US manufacturing data bolstered bets for another interest rate cut by the US Federal Reserve.

The Australian share market has enjoyed its best day in nearly a month following the Reserve Bank's decision to cut the cash rate for a third time this year.

Phylogica has announced a commercial collaboration with Lions Eye Institute trading under the name Vision Pharma, bringing the biotechnology company a step closer to commercialising its drug delivery technology.

Resource bosses urge action on US rare earths deal

Platinum plunged more than 5.0 per cent and gold shed 2.0 per cent overnight, leading a sharp decline across precious metals driven by a soaring US dollar, with deficit-hit palladium too giving up some gains from a record rally in which it breached $US1,700 per ounce.

Oil prices fell overnight on fading concerns of supply shortfalls and conflicts in the Middle East as global benchmark Brent posted its biggest quarterly loss this year on demand fears due to the escalating US-China trade conflict.

The Australian share market has closed higher, with gains across the board, but the ASX still suffered its first losing week since mid-August.

Secret zone for sub work

Oil slid overnight as new details connected to the impeachment inquiry into US President Donald Trump weakened demand sentiment while moves to quickly restore Saudi output after attacks on its oil infrastructure promised more oil supply.

Gold prices rose overnight after a nearly 2.0 per cent slide in the previous session triggered buying interest for the safe-haven metal, although a strengthening US dollar capped gains.

The Australian share market has fallen for a third straight day, underperforming compared to its peers in the region.