Oil prices slid about 1.0 per cent overnight as the US government's plans to blacklist more Chinese companies dampened hopes for a trade deal between the two countries, although unrest in Iraq and Ecuador lent some support to crude prices.
Gold prices gained overnight, bouncing off a one-week low touched earlier in the session, as uncertainties over US-Chinese trade talks and Brexit drove a decline in stock markets and prompted investors to seek refuge in the safe-haven metal.
Yesterday, Business News published an article titled “Prominent Perth restaurateur accused of extortion”, which featured a photo of Giovanni Pezzano and Badri Gosavi prior to the formal opening of The Meatball Bar in Leederville in 2014.
Gold prices inched lower overnight but held a tight range around the $US1,500 level as investors took a cautious approach ahead of the US Federal Reserve minutes and trade talks between the US and China this week.
The Australian share market has posted gains across the board after jobs figures from the US reassured traders that the world's largest economy wasn't on the brink of recession after all.
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.
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.
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.
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.
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.
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.
