News

McGowan punts on 150,000 new jobs

Oil prices were mixed overnight as concerns about global crude oil demand and uncertainty over the latest round of US-China trade talks countered investor optimism around tightening supplies.

Palladium scaled a record peak to within striking distance of the $US1,500 level overnight fuelled by a sharp supply deficit, while gold climbed 1 per cent to hit a 10-month high on a weaker US dollar and global growth jitters.

Gains by Australia's big four banks have propped up the Australian sharemarket after a day of generally disappointing earnings results.

Human services company APM has acquired Sydney-based online learning organisation MCI, its second acquisition in the past four months.

Business groups have welcomed a bill introduced by the state government today to establish the advisory body Infrastructure WA.

Australian shares have moved higher as investors digest another round of earnings results.

Earnings hit tipped for BHP

Oil rose for a fifth day overnight, on track for its strongest first quarter in eight years, thanks to a growing belief among investors that OPEC's supply cuts will prevent a build-up in unused fuel, though concern over China's economy tempered gains.

Palladium surged to a record high overnight as a sustained supply deficit boosted the autocatalyst metal, while gold rose to its strongest since April on a lower dollar.

The Australian sharemarket has finished higher amid optimism for a deal on the US-China trade war and a spike in the price of oil.

Australian shares have enjoyed their fourth straight day of gains as the local currency slides further against the US dollar.

NAIF has cash to splash on tourism, farms

Gold jumped to a two-week high on Friday after weak US economic data boosted expectations the US Federal Reserve would hold pat on monetary tightening, while palladium matched an all-time high on a prolonged deficit.

Oil prices rose more than 2 per cent on Friday after an outage at Saudi Arabia's offshore oilfield boosted expectations for tightening supply, while progressing US-China trade talks strengthened demand sentiment.

The Australian sharemarket has treaded water for another day as six more companies reported their earnings.

Australian shares are hovering in positive territory as investors digest another day of earnings results.

RCR Tomlinson under ASIC investigation

Oil prices edged higher overnight and Brent hit the highest level this year, but gains were capped after the steepest decline in US retail spending since 2009 heightened investor fears of a global economic slowdown.

Gold prices rose overnight as the US dollar fell on weak economic data from the United States, which bolstered expectations the Federal Reserve would stick to its dovish stance on monetary policy.

The S&P 500 and the Dow have slipped while the Nasdaq has posted a slim gain as investors struggled to square grim retail sales data with hopes that high-level talks in Beijing could resolve the ongoing US-China trade dispute.

The Australian sharemarket has closed flat after being tugged in opposite directions by mixed earnings reports from 16 of the nation's top 200 companies.

Infrastructure Australia has identified 16 priority projects for Western Australia, highlighting several major differences with the state government’s priorities, including the Morley-Ellenbrook line.

Australian shares have edged higher at the start of trade as investors digest a flurry of earnings results.

HECS relief: PM’s bid to close education gap

Gold prices rose to hit a peak in more than a week overnight on signs that the US Federal Reserve will likely be patient on further interest rate rises, but rallying global equities kept the metal's gains in check.

Oil prices rose 2 per cent overnight after top exporter Saudi Arabia said it would cut crude exports and deliver an even deeper cut to its production but swelling US crude inventories led the market to pare gains.

Western Australia’s peak tourism body has called for greater restrictions on short-stay accommodation providers claiming residential properties on Airbnb do not increase visitation to the state.

Falls by market giants CSL and Commonwealth Bank have caused the Australian sharemarket to finish in modestly negative territory.

The federal government’s latest research funding round will focus on minerals including lithium, cobalt and titanium in an effort to boost Australia’s resources sector.

Australian shares are hovering in positive territory as big falls from market giants CSL and Commonwealth Bank are offset by gains elsewhere.

‘Blame Shorten for boats’