The Australian share market has suffered its worst day in five weeks following a trade row between Japan and South Korea and concerns that the US won't deliver on interest rate cuts.
The son of Navitas founder Rod Jones has been appointed the company's chief executive while former Wesfarmers executive Colin Pavolich has been appointed chief financial officer.
The state government and Activate Perth announced a series of 'coloured activations' this morning, ahead of an upcoming 10-day visit from Manchester United Football Club.
Oil futures rose on Friday as tensions over Iran and an extension to output cuts by OPEC and its allies boosted prices, but mixed economic data limited the rally.
Gold slid as much as two per cent on Friday and was set for its first weekly fall in seven weeks after data showed US. jobs growth rebounded strongly in June, which lowered the likelihood of an interest rate cut by the Federal Reserve this month.
The state government has announced two interim appointments to replace Stefano Carboni as chief executive and director of the Art Gallery of WA, amid reports it could amalgamate AGWA, WA Museum and the State Library of Western Australia.
The Australian share market is flat at the start of trade with the mining sector down and no overnight lead from the US, where markets were closed for the July 4 holiday.
Gold prices eased overnight as investors locked in profits before this week's US non-farm payrolls data and as a rally in stock markets briefly halted the metal's recent strong run.
Oil prices fell in thin trade overnight, weighed down by data showing a smaller-than-expected draw on US crude stockpiles and worries about the global economy.
Oil prices edged higher overnight ahead of a US holiday, after falling steeply a day earlier as worries about a slowing global economy outweighed a decision by OPEC and allies to extend crude output cuts.
Gold steadied overnight, paring earlier gains as a rally in equities reduced the attraction of the non-yielding metal while global growth concerns and prospects for dovish monetary policy kept bullion supported.
Aboriginal-owned Redspear Safety and UK-based Safehouse launched new business called Safespear on Tuesday night, a safety services company chaired by Redspear’s Barry McGuire.
Gold prices rose 1.5 per cent overnight, a day after posting the biggest one-day percentage fall in two and a half years, as US Treasury yields fell on worries over global growth and renewed concerns over global trade.
Oil prices fell more than four per cent overnight, even after OPEC and allies including Russia agreed to extend supply cuts until next March, as weak manufacturing data had investors worried that a slowing global economy could dent oil demand.
The Australian share market fell flat after the Reserve Bank delivered a consecutive cash rate cut, with the big four banks and mining giants pulling in opposite directions.
Oil prices pared gains overnight after worries about oversupply persisted, pulling back from an early rally as OPEC extended supply cuts until March 2020 during a meeting in Vienna.
Gold slid by as much as two per cent overnight as the US dollar rallied and investors flocked to higher-risk assets after the agreement to resume trade talks between the United States and China.
