The Australian share market has started the session strongly with investors returning to the market in force after Emmanuel Macron's election as French president and a rebound in US jobs growth.
Gold has pared its gains after data shows US job growth rebounded in April and stayed on track for its biggest weekly loss in six months as expectations for a US interest rate hike in June grew and eurozone political risk receded.
Oil prices have closed 1.5 per cent higher, rebounding from five-month lows, following positive US jobs data and assurances by Saudi Arabia that Russia is ready to join OPEC in extending supply cuts to reduce a persistent glut.
Woodside Petroleum managing director Peter Coleman has sketched out plans to convert the two LNG plants on the Burrup Peninsula into an integrated processing hub that would take gas from the Browse Basin and other undeveloped fields off the Western Australian coast.
The WA Independent Power Association has called for the state government to block a plan by public generator Synergy to set up a new renewable energy fund, while supporting a move to reduce Synergy’s capacity.
The share market has closed lower for a fourth consecutive session on the back of sliding commodity prices with an iron ore slump weighing on the local currency.
In this Business News podcast Mark Pownall and Mark Beyer discuss public sector overhaul, medical research funding, CityLink developments and our university sector.
Resources companies look set to get out their drill bits this year, with the number of exploration applications made to the state government up nearly 50 per cent in the March quarter compared to the same period in 2016.
Perth company AusCann Group Holdings has become the seventh applicant to gain regulatory approval to cultivate medicinal cannabis in Australia, with the news lifting its share price by 17 per cent today.
West Perth-based Liquefied Natural Gas has scored a tick from a US regulator for initial site work at its Magnolia project in Louisiana, although a final investment decision won't be made until it has finalised offtake partners.
Resources hopeful Talisman Mining has secured a $23 million debt financing agreement to fund the Monty copper and gold project which is to be built in a joint venture with Sandfire Resources.
Scarborough’s sand dunes have gotten an 11th hour reprieve after the state government honoured an election commitment to rework planned road extensions, while businesses disrupted by a $75 million redevelopment program along the beachfront have been given a lifeline.
North Fremantle-based fashion label Empire Rose is one of three local brands to have secured deals in China in recent weeks, following the Fashion Council WA’s partnership with its Chinese counterpart.
Leederville-based cycling products developer Cycliq has completed a $2 million placement and plans to raise an additional $1.5 million through a rights issue, a week after the company’s two founders stepped down from their executive roles.
The Australian Competition and Consumer Commission on Friday said in a draft decision it had decided against declaring a wholesale domestic mobile roaming service because there was insufficient evidence to show this would improve overall competition.
Henderson-based shipbuilder Austal will open an Adelaide office for shipbuilding design and project management as it seeks to win a $3 billion federal government contract to build 12 new offshore patrol vessels.
The Australian share market has continued its downward move in early trade, with steep losses in the mining and energy sectors offsetting a bounce in financial stocks.
Corporate Australia wants Canberra to deliver wider tax cuts for business and boost "good" spending in the federal budget next week, even as it urges the politicians to agree on a quicker path to a budget surplus.
Oil prices have plunged to five-month lows amid record trading volume in Brent crude, as OPEC and other producers appeared to rule out deeper supply cuts to reduce the world's persistent glut of crude.
Gold prices have fallen to the lowest in more than six weeks, on expectations of further US interest rate increases this year and receding political uncertainty in Europe.
Following on from its two contract wins announced in the previous edition of Business News, Maintenance and Construction Services Australia has been awarded the $2.3 million contract for c
Qantas has forecast a better-than-expected annual underlying pre-tax profit of between $1.35 billion and $1.4 billion, the second largest in its history, on the back of the strength of its domestic operations.
