The Australian dollar has been an underperformer but is still slightly higher against its US counterpart which has fallen amid a sharp slump in oil prices.
Oil prices have slid, settling about 2.5 per cent lower after a consultancy forecast a rise in OPEC production for July despite the group's pledge to curb output, reigniting concerns the global market will stay awash with crude.
Gold has been pushing to its biggest weekly gain in two months as a surging euro dragged the US dollar to its weakest since June 2016, making bullion cheaper for holders of other currencies.
Crown Towers Perth has emerged as Western Australia’s standout construction project, with the ultra-luxury hotel on the Burswood Peninsula winning two major categories at the Master Builders Association’s annual excellence in construction awards.
The Australian share market has closed lower as investors took profits, and the Australian dollar has retreated as Reserve Bank of Australia deputy governor Guy Debelle hosed down speculation that the RBA was moving towards hiking interest rates.
Building products company CSR has closed its Jandakot glass factory resulting in the loss of 58 jobs, though growth by competitors including Walshs Glass and Tough Glass will mitigate the impact.
Paladin Energy says it is entitled to receive about $US416 million for its majority stake in the Langer Heinrich uranium mine in Namibia, following an independent evaluation of the asset.
New Century Resources has enjoyed fruitful gains on its first day of trading on the ASX after completing a reverse takeover of Perth-based Attila Resources.
In this Business News podcast Mark Pownall and Mark Beyer discuss FMG's native title stoush, trucking sector restructuring, Quintis drama, economic update, honey, and the onshore oil and gas sector.
Bankwest is lifting mortgage rates for interest-only loans, following the lead from the big four banks, which already adjusted rates in an attempt to slow down riskier lending.
Fortescue Metals Group is likely to lodge an appeal after the Federal Court recognised the Yindjibarndi people have exclusive rights over Pilbara land where the company operates the Solomon iron ore operation.
The 22-year-old disability advocate set to fill the Greens seat left vacant by Scott Ludlam has vowed to smash stereotypes and represent the interests of the young and disabled in federal parliament.
Dunsborough, Gracetown and Monkey Mia will be among a number of locations around regional Australia that can expect better mobile coverage after Optus today confirmed plans to spend $1 billion to improve its network.
Retirement fees to be probedA barrage of complaints by WA seniors who feel they are being ripped off by retirement villages will be scrutinised by State Government inve
The Australian dollar has held on to gains after it received a boost from the latest employment numbers which showed another rise in full-time employment.
Oil settled lower in choppy trading, as nagging worries about abundant global crude supplies sank prices after an early rally boosted Brent above $50 per barrel for the first time since June 7.
Gold prices rose to a three-week high after European Central Bank President Mario Draghi said ECB policymakers would discuss potential changes to the bank's bond-buying scheme in the autumn, lifting the euro to a 14-month high.
Yindjibarndi Aboriginal Corporation will seek compensation from Fortescue Metals Group after the Federal Court recognised it has exclusive rights over Pilbara land where the company operates the Solomon hub.
Bis Industries, one of the major transport players in Western Australia, will come under new ownership after a $1 billion debt-for-equity swap deal was struck with its major lenders.
There are signs of recovery in the local economy, with employment and sales activity numbers showing improved performance in June and a major report predicting further recovery next year.
The state’s peak body for screen funding and development, Screenwest, has today formalised its transition from a government agency to an independent not-for-profit organisation.
Energy giant Woodside Petroleum has posted a 6.6 per cent fall in second quarter production following outages at some of its facilities and lower share of pipeline gas from the North West Shelf.
Shares in South 32 have fallen after the diversified miner's annual production of several commodities, including coal, dropped and the company missed its full-year production guidance on some of them.
Origin gas find to feed east coastOrigin Energy could be sitting on a multi-billion dollar gas resource in the Northern Territory that is several times the size of the
The Australian dollar has continued to make gains, helped by a recovery in iron ore and oil prices and as traders stay bullish ahead of employment data later on Thursday.
