News

After a soft start the Australian share market has finished in the black with the index bolstered by the financial sector.

Kimberley Wild Expeditions, a member of the Indigenous Champions Program, won the tourism industry’s highest prize over the weekend, just days after the Tourism Council WA called on the state government to maintain funding for Aboriginal tourism.

Heavyweight banking and mining shares dragged on the market during early trade, with Australian shares opening the new week lower in the wake of a Wall Street sell-off and concerns over a Chinese economic slowdown.

Coalition continues to slide down a slippery poll

Oil prices have fallen nearly a percentage point as global supply increased and investors worried demand growth could slow, pressuring US crude to its longest stretch of daily declines since 1984.

Gold has fallen by more than a percentage point to a one-month low as the US dollar strengthened after the Federal Reserve reaffirmed its monetary tightening stance, seen as a negative for non-yielding bullion.

A late rally from banking and health care stocks limited losses to the local indices but falling oil prices ensured the energy sector would drag the Australian share market lower at the close.

Local banking and health care stocks have jumped at the open, but meaningful early gains for the Australian market have been wiped out by the materials and energy sectors.

$1b lithium jobs boost

The S&P 500 and Nasdaq closed slightly lower after a US Federal Reserve statement, and energy stocks were the biggest drag on the S&P as US crude oil prices fell.

Gold has eased to a one-week low on a stronger dollar, after the Federal Reserve held interest rates steady and was seen on track for further rate hikes.

Oil prices fell nearly 2.0 per cent overnight as investors focused on swelling global crude supply, which is increasing more quickly than many had expected.

Banking and health care stocks lifted the Australian share market higher, while the energy sector also pushed ahead despite weak oil prices.

Tech platforms have dominated the Innovator of the Year encouragement awards, presented last night, with winners including a video conferencing device for remote communities, groundwater management software, business scheduling software, and a new transmission system for bikes and vehicles.

The Noisy Guts Project and Chemo@home have taken home the respective Emerging Innovation and Growth categories at last nights Innovator of the Year awards, marking a big win for Perth-based healthcare and research.

Tom Young says interest in his udrew interactive building approvals system - the overall winner of the Mitsubishi Western Australia Innovator of the Year award - is growing ahead of its market launch early next year.

The Australian share market has extended early gains, lifted by health care, supermarkets, infotech and energy stocks.

Ichthys facing claims ‘well in excess of $US1b’

Oil prices have slipped, continuing a recent slide after surging US crude output hit another record and domestic inventories rose more than expected.

Wall Street is set for a modestly firmer open on Wednesday and global stocks rose after significant US election gains for the opposition Democrats, but the outcome may rule out further tax cuts, sending the dollar and Treasury yields sharply lower.

Gold pared some gains overnight but held firm as the dollar slid after the US midterm elections delivered a split Congress and as investors looked ahead to a Federal Reserve meeting for signals on future interest rate hikes.

Geopacific Resources has detailed a capital expenditure of $198.5 million for its Woodlark gold project and is set to commence in early 2020.

The Australian share market was lifted higher by banking and energy stocks on a choppy day's trading as investors awaited the result of US mid-term elections.

Accounting firm BDO has announced the appointment of Pippa Hobson as chair of the Perth office.

Petroleum giant Chevron today announced that Australian boss Nigel Hearne will move to the US, to be replaced by company veteran Al Williams.

Multiplex has been awarded the construction contract for a $48 million science building at Edith Cowan University’s Joondalup campus.

Energy and materials stocks are keeping the Australian share market flat at the open, with the financial sector keeping the bourse's head above water.

Cooper & Oxley debts rise to $45m

Gold fell as US equities and the dollar firmed ahead of the outcome of congressional elections in the United States, denting the precious metal's appeal.

Wall Street's major indexes have closed higher as voters headed to the polls in US midterm congressional elections and investors hoped the result would provide some relief for stocks after prolonged uncertainty.

Oil prices have fallen further, with US crude futures sliding to an eight-month low, a day after Washington granted sanction waivers to top buyers of Iranian oil and as Iran said it had so far been able to sell as much oil as it needs to sell.

The Australian share market closed nearly one per cent higher after strong gains from banking, energy and resources stocks.