Oil rose on Friday, edging closer to new 17-month highs, after Goldman Sachs boosted its price forecast for 2017 and producers showed signs of adhering to a global deal to reduce output.
Copper prices fell on Friday after two days of gains as rising stocks in London Metal Exchange warehouses and signs of softer demand from China dragged the metal further away last month's 17-month peak.
The Australian dollar has slipped again against its US counterpart, which has further strengthened after the US Federal Reserve said it is looking to tighten policy again next year.
The Australian share market has closed lower, weighed down by weaker resources stocks, as investors ponder more potential interest rate hikes in the US in 2017 than had been expected.
Henderson-based shipbuilder Austal has won a $22 million contract for a high speed passenger catamaran to be used in Germany, but it will be built in the Philippines.
Sandfire Resources has encountered problems at its $40 million solar farm at the Degrussa copper mine, about six months after an ASX announcement suggested the power plant had been successfully commissioned.
Not-for-profit executive Jenny Allen is set to leave her current position at the 500 Club after less than a year in the role to become director of the Western Australian Museum Foundation.
In this Business News podcast, Mark Beyer and Dan Wilkie discuss residential property outlook, Monadelphous and Civmec diversify, Nev Power, Adrian Fini and Brendon Grylls are our people of the yea
Engineering and construction contractor Civmec said today it planned to spend up to $80 million establishing a new shipbuilding facility at Henderson, and use it as a springboard into the federal government's $89 billion naval build in the coming decade.
Two days after some of Emeco Holdings' large creditors blocked a major restructuring, they have reversed their stance after being given an opportunity to acquire more equity in the group.
Fans won't have to walk far for refreshments before and after events at the new Perth Stadium, with a 2,500-person capacity tavern and microbrewery to be built adjacent to the Swan River pedestrian bridge on the Burswood Peninsula.
A group of One Nation supporters has lodged an objection to Pauline Hanson registering her party in Western Australia ahead of next year's state election.
National Australia Bank has called for greater leadership from government and more collaboration with business to help lift slow economic growth and create jobs.
The Australian dollar has dropped as the US dollar gains further ground following the US Federal Reserve's recent interest rate hike, with the central bank forecasting another three rate rises next year.
Oil settled little changed on Thursday after sliding to its lowest level in a week in volatile trade, but a surging US dollar did not pressure prices below technical support levels as OPEC members told customers they would cut crude supplies.
Gold fell more than one per cent to a 10.5 month low on Thursday after the US Federal Reserve sounded an unexpectedly hawkish note on US interest rates, sparking a surge in Treasury yields and sending the dollar to a 14-year high.
Yellen rate hikes rattle marketsThe US Federal Reserve's forecast for three interest rate rises in 2017 has rattled markets, raising fears that rising rates and bond yield
Perth's domestic gas users could have a choice between four retailers by July next year, with Sydney-based utility Origin Energy putting forward an application to the Economic Regulation Authority to enter the market.
Bhagwan Marine has been awarded a contract to supply marine vessels and crew to support construction on Rio Tinto's Amrun bauxite project in north Queensland.
Two Perth-based gold miners have run into trouble, with Troy Resources striking problems at its mine and Kingsrose Mining falling into voluntary administration.
Perth-based architecture firm DAPM Architects is in the hands of liquidators, less than a week after it was spun-out of national group DesignInc, but its managing director says the collapse represents an opportunity for a new beginning.
One of 1-Page's substantial shareholders, a subsidiary of Nedlands-based financial services firm Merchant Group, has called for the removal of the majority of the tech company's board and a new direction for the business, after a year of poor performance on the share market.
Energy and resources companies including Santos, Origin Energy and Newcrest Mining have dragged the share market lower following a drop in oil prices and the US Federal Reserve's rate hike.
The 12-year old scandal over the Australian Wheat Board's payments to the government of Iraq has moved closer to final resolution, with its former chairman Trevor Flugge convicted today of breaching his duties as a director but cleared of more serious charges concerning his knowledge of the payments.
