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The Australian dollar on the back of higher commodity prices as a risk-averse mood about the US presidential election weighs on greenback.

Oil prices have tumbled three per cent after a record weekly build in US crude inventories stoked investor worries about a global supply glut, days after analysts estimated higher monthly OPEC crude output.

Gold has rallied to a one-month high, as uncertainty over the outcome of the US election knocks stocks and the US dollar lower, but bullion pared gains slightly after the Federal Reserve held interest rates steady as expected.

A co-funding program with angel investors and a commercialisation fund for Western Australia's universities are the ‘big ticket' items in the state government's $20 million innovation strategy, released last night.

The lack of diversity in tech startups is an impediment to the sector's ongoing growth.

Trade, China to dominate Widodo visitTrade, terrorism and China's territorial ambitions in the South China Sea will be front and centre during a two-day visit to Australia

New research from Edith Cowan University has found that Western Australia's contemporary music scene is worth nearly $1 billion to the state's economy.

The youngest son of the late John Roberts, who founded construction company Multiplex, has joined the board of Mineral Resources, filling the seat left vacant when long-serving director Joe Ricciardo retired in April.

The state government will be working to avoid potential skills shortages as the federal government's naval shipbuild program ramps up in the west, according to deputy premier Liza Harvey, as businesses hopeful of winning contracts for the build attended a defence industry procurement roadshow today.

Concerns about the impacts of a win by Republican candidate Donald Trump in the upcoming US election have unnerved investors and pushed Australian shares to a six-week low.

The Chinese steel industry may be facing years of consolidation, according to Deloitte China chief economist Sitao Xu, but the nation's economy is more resilient than many pundits would have us believe.

Local builders Cockram Construction, Universial Constructions, Perkins Builders and Crothers Construction have shared in $37.3 million worth of state government contracts.

The proposal from Nationals WA leader Brendon Grylls to increase the royalties paid by Rio Tinto and BHP Billiton is not as ‘out there' as it sounds. I say this not as a socialist, but as a capitalist who, as a resident of Western Australia, is an indirect part owner of the state's iron ore reserves.

Emeco Holdings has sought to reassure investors that its planned three-way tie-up with Orionstone and Andy's Earthmovers is progressing smoothly, despite news that one of the parties involved has received a takeover bid of its own.

Altura Mining has followed the example of neighbouring lithium project developer, Pilbara Minerals, by purchasing a mothballed mine camp from Roy Hill Holdings.

The state government has locked in a location for Western Australia's first open-range zoo, which is expected to cost up to $100 million to develop.

The Australian Securities Exchange has softened the changes to its listing requirements for companies wishing to trade on the stock market, with the new rules to take effect from next month.

Virgin Australia has joined rival Qantas in announcing a tough start to the year, with soft demand pushing the number two carrier to a first-quarter loss.

The Australian share market has continued its downward momentum in early trade, as it takes cues from declines across US and European markets overnight.

The Australian dollar is trading flat after global risk appetite declined overnight, largely due to jitters ahead of the US election.

Oil has settled lower after hitting one-month lows, ahead of data likely to show a US crude inventory build and on renewed doubts about whether OPEC will follow through with proposed output cuts.

Gold, silver and platinum have rallied to one-month highs as concerns over the outcome of the US election sparks losses in stocks and the US dollar, prompting investors to seek out precious metals as a haven from risk.

We blew it, concedes Ardent CEOArdent Leisure Group chief executive Deborah Thomas concedes the company botched the public response to four deaths at Drea

Former Rio Tinto chief executive Sam Walsh plans to apply ideas from his time in London to the arts sector in Western Australia, after being announced as the new chairman of the Art Gallery of WA.

The state government has been forced to make a special budget allocation of $9.74 million to demolish the old Port Hedland hospital, 18 months after announcing a deal to sell the site to apartment developer Finbar Group.

It's hoped a recent federal grant may go some way to highlighting the high-quality research undertaken in WA.

Perth property developer Adam Lisle has long had a keen interest in motor racing, but it was a visit to a country club outside Las Vegas set up especially for motor sport that steered him down the path to his new business venture.

Mining entrepreneur Andrew Forrest has made a move into onshore oil and gas, with Squadron Resources, a subsidiary of his Minderoo Group, to explore and develop the Canning Basin in an 80:20 venture with privately owned Goshawk Energy.

The Australian share market has closed lower as cautious investors await the US Federal Reserve's decision on interest rates later this week and the result of the US presidential election on November 8.

A protest group has been ordered to pay the legal costs of its Supreme Court action against the contentious Roe 8 highway extension project.

There is not a crisis at Wesfarmers, that's the good news, but there's certainly a problem – and it's starting to worry investors.

The Reserve Bank of Australia has held its benchmark interest rate at 1.5 per cent, saying the current rate is right to meet its forecasts for sustainable growth and inflation.