Oil prices have jumped the most in a month rising more than four per cent after comments from the Saudi oil minister about possible action to stabilize prices triggered a round of buying and the International Energy Agency forecast crude markets would tighten in the second half of 2016.
Owners of Alinta set sights on new floatAlinta could be back in public ownership within six months, with its private equity owners now favouring a $3 bill
Gold has eased below $US1,350 an ounce as the dollar rises, and the Dow and S&P 500 touch record intraday highs, though uncertainty over the outlook for US monetary policy prevented further losses for the metal.
The Australian dollar has rallied, with analysts tipping it to hit 77 US cents, as global risk appetite increases and after the greenback fell on weak US business productivity data.
Gold prices have edged higher as the US dollar slipped lower against a basket of currencies and concerns over the global economic outlook trumped some expectations that US Federal Reserve could raise interest rates this year.
Labor and banks head for collisionLabor leader Bill Shorten is using banks’ reporting of profits to step up his campaign for a royal commission, demanding that the ‘‘greed
The Australian share market has closed slightly higher, with the big banks holding up the bourse in light trading following a weak lead from US markets
Gold has steadied after falling to a one-week low as downward momentum from stronger-than-expected US jobs figures lost steam, with concerns over negative global economic sentiment lending support.
Oil prices are more than two per cent higher amid renewed speculation that OPEC will try to restrain output, easing oversupply worries that's pressured the market to three-month lows.
China ‘spies’ put power sale at riskChinese spies have been caught by the intelligence services conducting ‘‘brazen’’ espionage in Australia over the past year, hardening
Investor interest in energy and financial stocks drove the Australian sharemarket higher on Monday, ahead of a flurry of company results this week as earnings season gets under way in earnest.
Gold has fallen as much as 1.7 per cent, as the greenback rose after data showed that US employment increased more than expected in July, raising the probability of an interest rate hike from the Federal Reserve this year.
Crude oil prices have ended little changed as short-covering returned in late trading, after some weakness earlier in the session as the US dollar rose on robust US jobs data.
Virgin Australia has posted a full year net loss of $224.7 million, after taking charges related to fleet simplification and other efficiency activities.
Global stock markets have risen and sterling has dipped after the Bank of England cut interest rates and revived a bond-buying program to cushion the economic blow from Britain's June 23 vote to leave the European Union.
