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Western Gas hatches new WA LNG project

Wall Street has surged to close at its highest level in two weeks after a strong jobs report and assurances from US Federal Reserve Chairman Jerome Powell that the central bank would be patient and flexible in steering the course of interest rates.

Oil has risen nearly two per cent after proposed trade talks between the United States and China eased some fears about a global economic slowdown, but gains were capped after the US reported a sharp build in refined product inventories.

Gold has pulled back from a more than six-month peak, as robust US jobs data eased some concerns about an ailing economy, while palladium prices punched through the key $US1,300 level for the first time.

The Australian share market has shrugged off some of its earlier losses but fears of a slowdown in China have continued to drag on the local bourse.

Henderson-based Volt Power Group has filed a writ in the Supreme Court of Western Australia against the vendor of Wescone Distribution, a mining equipment manufacturer it acquired in January 2018.

Perth Airport is the fourth most punctual out of the seven largest in Australia, according to an annual survey compiled by global travel data provider OAG.

Fremantle-based Ocean Grown Abalone has been granted a licence to develop 5,000 artificial reefs to harvest greenlip abalone at the company’s Flinders Bay lease, located in Augusta.

Fallen Nationals MP Andrew Broad is quitting politics to ensure he doesn't remain a diminished figure and "half-laughing stock" in parliament, after a scandal involving a younger woman.

The Australian share market is chasing Wall Street lower as a revenue warning from tech giant Apple stokes fears of a global economic slowdown.

Miners’ shares soar as $A gold price hits record high

Gold prices have climbed to a six and a half month peak, moving closer to the key $US1,300 an ounce level, as concerns about economic slowdown gripped global markets and fuelled demand for safe-haven bullion.

Oil prices have risen more than one per cent in a session of volatile trade, drawing support from signs that Saudi Arabia is cutting crude output but pressured by concerns that slowing global economic growth could dent demand.

About 85 severely dehydrated cattle had to be put down and hundreds more were found already dead at a pastoral station in Western Australia's north.

The ASX has surged ahead with gains across all the major sectors, while the Aussie dollar has mostly rebounded from a flash crash that hit many major currencies.

Opponents of a Puma Energy development on Dunsborough’s main street have emerged victorious from the three-year stoush, after the developer behind plans to build the 24-hour service station announced it would no longer proceed with its bid.

Fortescue Metals Group has selected Belmont-based NRW Holdings as the preferred contractor to deliver the first stage of earthworks, roadworks and drainage works at the company's Eliwana rail project, located 90 kilometres west of the town of Tom Price in Western Australia’s Pilbara region.

Western Australia continues to evolve into a globally significant energy metals province, with Pilbara Minerals securing funding to support a second stage of its Pilgangoora lithium mine in the north of the state, while US chemicals giant Albemarle Corporation has begun work on its $1 billion lithium hydroxide facility near Bunbury.

The ASX has surged at the open, boosted by percentage-plus gains for financials, energy and mining stocks, while the Aussie dollar is limping back after slumping to a decade low.

Perth house price slide to ease in 2019

Oil prices are up about two per cent amid choppy trading supported by a slight recovery on Wall Street, even as concerns remained about weakening global economic growth which could hurt demand for oil.

Gold has risen to its highest level in over six months as weak factory activity data in Europe and Asia compounded concerns of a global economic slowdown and weighed on stock markets, increasing the precious metal's appeal.

Early gains for supermarket stocks haven't stopped the Australian share market dipping to a fresh two-year low, with the bourse mirroring a Wall Street tumble following the US Federal Reserve rate hike.

Warning of deaths over solar panels

Oil prices rose overnight, recovering somewhat from a sharp selloff during the previous session, after US data showed strong demand for refined products.

Gold prices fell overnight, giving up earlier gains, after the US Federal Reserve raised interest rates and noted that "some" further gradual rate hikes would be needed next year.

Global traders have fled growth assets like copper and oil for the safety of gold, punishing Australian energy stocks while lifting fuel-dependent airlines and gold miners.

Australian shares have edged lower in early trade as an overnight oil price slump sends energy stocks plummeting.

Oil plunge hammers shares

Gold firmed near a one-week high as investors cast doubts over the pace of interest rate hikes next year by the US Federal Reserve which kicked off its two-day meeting earlier in the day.

Oil prices tumbled more than five per cent overnight, falling for the third straight session as the market grappled with reports that US supply would continue to surge even if demand weakens as global growth deteriorates, which many expect.

The benchmark S&P 500 stock index has ended little changed in a choppy trading session on Tuesday as the possibility of a partial US government shutdown raised investor jitters ahead of a highly anticipated meeting of the Federal Reserve.