Australian shares are modestly higher in early trade after Wall Street's Dow closed sharply higher as US equities rose for a second consecutive session.
Oil prices have risen, beginning to recoup some of last week's steep losses as global equities have steadied following their biggest one-week decline in two years.
Gold prices have risen as the US dollar has eased, but gains are expected to be muted ahead of inflation data from the United States later this week that could mean US interest rates rise faster than expected.
Perth’s CBD office market vacancy is improving, but there’s a growing gap between different market segments, with premium product luring tenants at the expense of lower-grade stock.
An east coast energy retailer backed by a French multinational will become the fifth player selling to consumers in the local gas market, after receiving approval by the Economic Regulation Authority today.
Singaporean-listed OKP Holdings has made its first foray into Australia, via the purchase of an East Perth property for $43.5 million from BGC directors Andrew and Sam Buckeridge.
The Australian share market has closed lower but did claw back some earlier losses as the Dow Jones futures index pointed to a possible positive session on US markets tonight.
Belmont-based labour hire provider Go2 People has revealed it is owed about $445,000 by contractor VCS Civil and Mining, which went into receivership last week, while a director involved in both businesses has been forced to step down.
Okapi Resources Limited (ASX:“OKR”) (“Okapi” & “Company”) is pleased to announce that, further to its announcement of 24 January 2018, it has completed the issue of 2,142,857 fully paid ordinar
Shares in remote power provider Zenith Energy were up 7 per cent today as the company announced an unaudited before tax profit of up to $11 million for the first half of the financial year.
Lithium hopeful Prospect Resources has repriced its recently announced $10 million capital raising, with last week’s slump in the stock market forcing the company to drop the proposed share price.
An international trade body has warned the recent package of tax cuts in the US will lead to a reduction in that country’s foreign investment stock overseas, with Australia potentially vulnerable.
JB Hi-Fi shares have slumped despite a big lift in first-half profit, after the home electronics and entertainment retailer warned of margin pressures and issued lower-than-expected guidance.
The Commonwealth Scientific and Industrial Research Organisation will work with local explorer Artemis Resources to investigate the conglomerate hosted gold recently discovered at the company’s tenements in the Pilbara.
Congestion on the national broadband network has eased as more customers turn to higher speed plans after rollout company NBN Co slashed its top speed packages last year.
Iron ore revenue for rail operator Aurizon dropped 9 per cent in the first half of the financial year, although the business overall delivered a big increase in profit.
A Perth corporate advisory firm is acting as lead manager to raise $US15 million for an Australian cryptocurrency that will make it easier for banks to verify the sources of payments they receive from the growing digital cash market.
Despite a stronger lead out of the US, Australian shares have slipped sharply in early trade as reporting season begins in earnest and Asian markets brace for more volatility.
Gold has slipped, under pressure from a firmer US dollar and worries about rising global interest rates, but still found some support as a safe-haven asset as world stock markets fell.
Oil prices have slid more than three per cent on Friday as US futures fell below $US60 a barrel for the first time since December on renewed concerns about rising crude supplies.
The state government has endorsed findings by the Environmental Protection Authority that will allow for urban development on a portion of land near an Alcoa waste dump in Perth’s southern suburbs.
A global upswing driven by the manufacturing and industrial sectors will provide a tailwind for Australia’s economy, according to the Reserve Bank of Australia’s quarterly statement on monetary policy, but underlying inflation is expected to remain low until at least mid 2020.
Wesfarmers, Woodside Petroleum and South32 were among Australian shares that closed lower in the wake of another overnight collapse on Wall Street but local losses were relatively contained as many Asian markets tumbled steeply.
