Oil prices have fallen more than three per cent, heading for their sharpest weekly slide since January as investors brushed aside talk that OPEC might freeze production and focused on a growing glut from US crude stockpiles.
PM warns G20 on low global growthPrime Minister Malcolm Turnbull will argue against a retreat towards protectionism at the Group of 20 leaders summit in China, as the Inte
US and European shares fell as a drop in oil prices weighed on energy stocks, while two-year US Treasury yields ended August with the biggest monthly increase since November on growing expectations the Federal Reserve will raise interest rates.
Gold has fallen to a two-month low after forecast-beating US jobs data stoked speculation that the Federal Reserve will move ahead with plans to raise its official interest rate, briefly propelling the US dollar index to its highest in three weeks.
Labor kept at bay over banksThe Turnbull government has thwarted Labor ‘s latest push for a royal commission into banks by promising an inquiry into specific cases of alle
The share market has closed weaker as a higher US dollar hurt resources and energy stocks and investors chose caution ahead of key US jobs numbers that are likely to help determine the timing of a hike in US interest rates.
The Australian share market has opened lower, hurt by losses across the board following a disappointing session on Wall Street and a rally in the US dollar.
US stocks slipped after strong US economic data stoked concerns about the impact of a potential Federal Reserve interest rate hike this year and a drop in technology shares, while European stocks and the dollar hit multi-week highs.
Oil prices have fallen, with Brent losing nearly two per cent, as the US dollar rallied and glut worries grew amid forecasts for higher US crude stockpiles and Iran's remark that it was on target to reach peak production.
Gold has fallen to a six-week low after Federal Reserve officials sounded a hawkish note on interest rates, boosting the US dollar, while attention turned to US payrolls data this week for further clues on the pace of rate hikes.
More checks on banksThe Turnbull government is contemplating further curbs on the banks in a bid to head off attempts by Labor to woo dissenting Coalition MPs into support
The Australian share market lost steam throughout the afternoon session to close slightly higher as gains in health care, resource and banking stocks offset losses in Woolworths and Telstra.
Gold has rebounded from a near-five-week low as the US dollar dropped, shrugging off earlier pressure by top Federal Reserve officials' comments fuelling speculation that US interest rates would rise sooner rather than later.
Mining bust blamed for truck crashMcAleese chief executive Mark Rowsthorn has blamed the resources slump for the collapse of the beleaguered transport gro
PERTH is good value for money as far as the world’s most liveable cities go, analysis by Business News has found, on the back of the city being rated as the world’s seventh most liveable city accor
Programmed Maintenance Services has scrapped its maintenance labour agreements with Carlton & United Breweries in Victoria to avoid clashing with unions.
Gold has pared gains, while the US dollar has turned up and US stocks have fallen, as investors struggle to decipher the timing of a US interest rate increase following comments by Federal Reserve Chair Janet Yellen and other officials.
The Australian dollar has lost ground against the greenback after the US central bank left the door open for an interest rate hike as early as September.
Oil prices are largely unchanged following a volatile session, as traders reacted to comments from Fed Chair Janet Yellen and reports of missile activity in Saudi Arabia.
US awards $5 million to BHP Billiton whistle-blowerThe US government paid a bounty of nearly $5 million to a former employee of Australian mining giant BHP Billito
The share market has lost ground as investors moved cautiously ahead of a speech by US Federal Reserve chair Janet Yellen which could provide clues on the timing of a US interest rate hike.
