US stocks have reversed early losses to close higher, but bourses in most parts of the world fell on fears of instability in the European Union and global economic stagnation.
Oil prices settled up nearly two per cent as robust US economic data lifted crude futures from two days of declines, with the market extending gains in post-settlement trade on bets for a sharp drop in US crude stockpiles.
PM finally set to scrape homeMalcolm Turnbull is assured of forming government – possibly in his own right – after two more seats fell the Coalition's way
The top Senate candidate in Western Australia of Pauline Hanson's One Nation party could be ineligible to sit in parliament because he has been convicted of a crime and is still to face trial on a second charge.
Fresh evidence of post mining boom malaise in Western Australia's property sector has emerged, with listed mortgage provider Australian Finance Group reporting a 13.4 per cent fall in the number of home loans in WA over the 2016 financial year.
Energy, resources and financial companies led the Australian share market lower on renewed fears about the economic implications of the UK Brexit vote.
Tech accelerator Vocus Upstart has named the seven successful applicants to be offered a placement in its program and seed funding to help grow their ideas towards commercialisation.
Chinese property developer and investment group Zone Q Investments has added a CBD office tower to its growing Perth portfolio, buying Westralia Plaza for $87 million.
Oil prices tumbled nearly five per cent on Tuesday as investors worried that Britain's exit from the European Union would slow the global economy, making it unlikely energy demand will grow enough to absorb a supply glut.
Gold prices rose for a fifth straight session and traded close to a two-year high above $US1,350, as weak China data and ongoing uncertainty following Britain's vote to leave the European Union triggered a fresh wave of demand for the safe-haven metal.
Turnbull signals policy retreatsThe federal Coalition accepts it must compromise on its 10-year company tax cut plan and Malcolm Turnbull has raised expectations of a retr
Western Australia's largest indigenous contractor has elected a new chairman and confirmed plans to lift both Aboriginal ownership and Aboriginal participation on its board.
The Australian share market has closed sharply lower with the biggest drag being the big banks in the wake of a signal from the banking regulator that they may have to lift capital ratios again.
The Shire of Peppermint Grove expects to have Pankaj and Radhika Oswal's Taj on the Swan torn down by October, after sending out tenders for demolition of the unfinished structure today.
Prime Minister Malcolm Turnbull said he accepts full responsibility for the coalition's poor showing in Saturday's election, but is increasingly confident of retaining majority government as nearly 3 million absentee and postal votes are still to be counted.
Local contractor Pindan has won the tender for construction of the new $70.7 million marine control tower in Port Hedland, which is one of four major projects worth nearly $800 million at the port.
The Reserve Bank of Australia has held the official interest rate at a record low, but left the door wide open to a rate cut next month and perhaps even more.
Building contractors Aurora Project Group and TR Homes have won a combined $12.6 million worth of work in rural Western Australia for the state government.
