The Australian share market has rallied and the dollar has dipped after it was revealed the Reserve Bank gave serious thought earlier this month to cutting rates for a fourth time this year.
The Reserve Bank of Australia board acknowledged there was a compelling case for cutting the cash rate to a new record low before leaving it unchanged at 0.75 per cent at this month's meeting.
Woodside Petroleum has laid out plans to triple its gas and oil reserve base which will come from more than $US36 billion worth of projects in Australia, Senegal and Myanmar over the next seven years.
CommInsure will refund more than $12 million to about 30,000 life insurance customers after pleading guilty to 87 counts of unlawfully selling policies in unsolicited phonecalls.
Oil prices fell more than 1.0 per cent overnight, erasing much of last week's gains and tumbling alongside US stocks on uncertainty over a trade deal between the United States and China.
Lithium miner Galaxy Resources said it would scale back operations at its Mt Cattlin mine in Ravensthorpe to help reduce costs until the electric vehicle market improves.
Perth-based IT services provider Empired said it would replace revenue lost this year with recently signed management services contracts, delivering $5 million in recurring annual revenue for the company.
A senior bureaucrat accused of Western Australia's biggest public sector theft is understood to be in a critical condition in hospital after an incident at his Perth home.
Several former Navitas executives have banded together to form Camino Global Education, following Navitas' $2.3 billion privatisation in June which saw ownership partially returned to founder Rod J
National Australia Bank is looking to raise $1.4 billion through the issue of medium-term notes to help beef up its capital ahead of a regulatory deadline.
Oil futures gained nearly 2.0 per cent on Friday as comments from a top US official raised optimism for a US-China trade deal but worries about increasing crude supplies capped prices.
Gold prices slipped on Friday, on track to break a three-session winning streak as stock markets hit record highs following comments from US officials that progress was being made on the "phase one" trade agreement with the Chinese government.
Rio Tinto said it will subscribe to $326 million rights shares of Energy Resources of Australia, which has been desperately seeking funds to close and rehabilitate the controversial Ranger uranium mine.
The Australian share market has hit its highest level since late July, with gains across the board as traders bet that the country's sluggish economy will lead to another cut in the official cash rate.
National Australia Bank has admitted it faces the prospect of further remediation and a huge fine for multiple possible breaches of counter terrorism and anti-money laundering laws.
FMG out of Guinea ore dealFortescue Metals Group has lost out to a global consortium on a tender to develop part of Guinea's Simandou iron ore project. The West
Oil prices were mixed overnight as US crude futures were pressured by a build in domestic inventories and record production while forecasts from the Organisation of the Petroleum Exporting Countries for a lower-than-expected oil surplus supported Brent.
Gold prices rose on Thursday as investors remained concerned about the imminence of a trade deal between the United States and China, while a slip in riskier assets and the US currency further supported the metal.
The Australian share market has risen broadly while the dollar has slumped to a one-month low after a rise in unemployment increased hopes for a fourth cash rate cut.
