Gold, silver and platinum have slumped to multi-year lows as investors dump the precious metals on the belief that rising US interest rates and a cash crunch in China will limit demand.
US stocks have ended the day decisively lower on concerns about the Chinese economy but rallied well above their intraday lows as US Treasury yields retreated.
Australian shares have posted their largest one-day loss in two months as nervous investors looked to steep falls on Asian markets due to fears of a credit crunch in China.
The slowing of the mining boom and public sector cuts will lead to a dramatic drop in the number of new homes being built in parts of Australia, according to a new report.
The outlook for Aquila Resources' Queensland coal project appears gloomy with the company admitting it has revised its work plan and reduced the workforce.
The Australian share market is expected to extend its losses in morning trade after opeing more than one per cent lower, but should make something of a late recovery into the close.
Scotland-based energy technology company Proserv has acquired specialist subsea engineering business Velocious, which was established in Perth seven years ago.
Leighton Contractors has secured a $1.3 billion deal with Fortescue Metals Group for work at the Kings iron ore deposit, adding to a $1.5 billion deal Leighton signed last year at the neighbouring
Gold and silver futures have pulled higher as investors who wagered on lower prices cashed in gains on the previous day's slump, and as a rebound in physical purchases buoyed prices.
US investors have endured another down week after the Federal Reserve surprised markets by signalling that it would begin to taper its bond-buying program later this year.
THE WA Council of Social Service has expressed concern that many small businesses and charities remain unaware of looming changes to national reporting regulations, which come into effect on July 1
The lack-lustre equity market has resulted in International Goldfields failing to sell off its only Australian asset and settling for a farm-in agreement.
Continuing weakness in commodity markets and a failure to pay staff adequate superannuation will combine to take a $5 million chunk out of Matrix Composites & Engineering’s expected earnings fo
A UK-based business has swooped on Cool Clear Water Group, buying the Perth-based water purification and dispensing system distributor for $60 million.
Troy Resources has extended its $188 million takeover offer for Azimuth Resources by two weeks, after failing to secure enough acceptances from existing shareholders to close the bid.
