Gold rose on Friday and was on course for its first weekly gain in three as the U.S. Federal Reserve's cautious message on interest rates left the dollar around five-week lows, making bullion cheaper those holding other currencies.
Oil prices were largely steady on Friday, finishing the week with modest gains, but speculators sharply cut long positions during last week's rout, on concerns that an OPEC production cut was failing to reduce a global supply overhang.
The University of Western Australia’s proposed $600 million engineering zone at its Crawley campus has taken a major step towards construction, with plans lodged to build the development’s $80 million first stage.
The major banks have driven the Australian share market higher after two of the big four increased their variable mortgage rates for investors and owner occupiers.
Quantify Technology Holdings has announced it is likely to win contracts for its internet of things services to be rolled out on three projects, including at the University of Western Australia’s Medical and Dental Library.
Property-focused software company Servtech Global Holdings has wrapped up its first day of trading on the ASX, after completing a $6 million initial public offering.
Grants of up to $100,000 supporting patient-focused projects are now on offer for local neuroscientists through the Neurotrauma Research Program at the Harry Perkins Institute of Medical Research.
The developer of the Ichthys LNG project has moved to assure the 800 workers affected by Laing O’Rourke’s ejection from site that it would redeploy as many as it could to keep construction going.
TNG spin-out Todd River Resources has raised $6 million from its initial public offering ahead of its ASX debut, which could occur before the end of the month.
Perth Lord Mayor Lisa Scaffidi claims there is a witch hunt going on, but insists the council is operating better than ever and a $500,000 audit should reassure ratepayers.
Copper explorer MOD Resources launched its second capital raising in three months, tapping investors for $14.6 million to fund ongoing work at its T3 project in Botswana.
Soft jobs may mean Reserve Bank holds offA stumbling labour market sent the jobless rate rising to a 13-month high of 5.9 per cent last month, complicating Reserve Bank
ANALYSIS: If the actions of his predecessors are any guide, the Liberal Party will be looking for a candidate to replace former premier Colin Barnett in his seat of Cottesloe within months.
The Australian dollar is lower against its US counterpart despite the greenback continuing its fall begun following the Federal Reserve's quarter of a per cent interest rate lift and dropping to a five-week low.
Gold has rallied for the second straight session, climbing to its highest level in more than a week after the US central bank signalled only gradual rate tightening and the US dollar slid to its lowest in five weeks.
Oil prices have slipped, as support from a weaker US dollar was offset by US crude inventories near record high levels that again has raised concerns whether OPEC-led output cuts are starting to drain a global glut.
The Australian dollar remains just shy of US77 cents but the share market has surrendered most of its early gains in the wake of disappointing jobs figures.
Takeover target Lepidico has tapped investors for nearly $5.7 million, a day after Breakaway Research recommended the Perth lithium company as a ‘speculative buy’.
Premier-elect Mark McGowan has given added responsibilities to incoming treasurer Ben Wyatt, while Rita Saffioti, Paul Papalia, Peter Tinley and Alannah MacTiernan have been given key economic portfolios.
A major shareholder in failed manganese company Mesa Minerals has lost its bid to have administrators replaced after the Supreme Court ruled there was no evidence of bias between Pitcher Partners and Mesa’s largest stakeholder, Mineral Resources.
Murdoch University has been named among 42 organisations across Australia charged with establishing a consortium to boost the nation’s agricultural sector.
Doray Minerals chief operating officer Peter Bamford has become the latest senior departure from the firm, following the recent exit of its CEO and chairman.
The unemployment rate dropped 0.4 percentage points in Western Australia in February, to 6 per cent in seasonally adjusted terms, as the state jumped from last place on that metric to be better than Victoria, South Australia and Queensland.
Western Australia's biggest gas retailer, Alinta Energy, has been bought by a Hong Kong jewellery and property conglomerate, with Premier-elect Mark McGowan saying the deal confirmed his opposition to privatisation.
