Oil prices have risen as growing confidence that top exporters will agree to extend supply curbs this week and speculation that the cuts could be deepened further have pushed prices to their highest levels in more than a month.
Australian shares have shaken off their weakness of last week courtesy of a bounce in energy and mining stocks as speculation of tightening world oil supply boosts commodities.
Power prices to surgeWA Energy Minister Ben Wyatt has indicated household electricity prices could have to rise by up to 15 per cent within two years as part of moves t
Oil prices have risen, closing out a second week of gains on growing expectations that OPEC and other producing countries will agree next week to extend output cuts.
The Australian market has opened slightly weaker despite a positive lead from US markets overnight, with modest gains among the miners failing to offset declines by big banks.
Wall Street has rebounded from its biggest sell-off in more than eight months with help from a move to loosen internet regulations and strong economic data.
Wyatt open to green fundEnergy Minister Ben Wyatt has set the scene for a potential stoush with private sector power providers after declaring he had an “open mind” abo
The Australian dollar has slipped back against the US dollar, which rebounded along with the major US share markets following appointment of a special counsel to head a key federal investigation in the US.
The estate of the late Perth mining billionaire Michael Wright is fighting a court decision that awarded $25 million to his youngest daughter, Olivia Mead, arguing the $3 million he left her was enough.
The Australian market has opened sharply lower following a slide on Wall Street over concerns U.S. President Donald Trump reportedly tried to interfere with a federal investigation.
The S&P 500 and the Dow notched their biggest one-day fall since September 9 as investor hopes for tax cuts and other pro-business policies faded after reports that US President Donald Trump tried to interfere with a federal investigation set off alarm bells on Wall Street.
McGowan backs off privatising WA TABA proposed merger between Australia’s two biggest wagering companies would damage the value of the WA TAB by removing competition fo
The Australian dollar edged higher against the US dollar, which fell along with the major US share markets on worries over the stability of the Trump administration.
Oil prices settled at a two-week high on Wednesday after U.S crude inventories declined for the sixth straight week, a positive sign for markets ahead of next week's OPEC meeting, where major oil producers are expected to extend supply cuts.
The share market has posted its biggest fall in almost two months as the battle between the Turnbull government and the big banks over a proposed $6.2 billion bank levy weighs on investor sentiment towards the financial sector.
Coalition’s war on banks gets personalThe relationship between the government and the big banks is now toxic after Malcolm Turnbull and his senior mini
The Australian market has started strongly after the S&P 500 and the Nasdaq hit record highs in the US, powered by rising oil prices and advancing technology stocks.
Gold rose as U.S. political turmoil, a missile test by North Korea and a worldwide cyber attack fuelled demand for safe-haven assets, while weaker-than-expected U.S. data pushed the dollar lower, making gold cheaper for holders of other currencies.
Oil jumped 2 per cent to its highest in more than three weeks on Monday, topping $US52 a barrel after Saudi Arabia and Russia said that supply cuts need to last into 2018, a step towards extending an OPEC-led deal to support prices for longer than first agreed.
Henry’s bank tax assaultThe federal budget’s bank tax has taken tax policy back to the 1980s, disrupted the governance of the financial system, and perpetuated a dishon
