The Australian share market has advanced in early trade, despite a weak close last week on Wall Street, as investors look to build on gains from the past three weeks.
Oil has fallen just over one per cent as players took profits on a rally over the past week that propelled prices nearly 15 per cent to four-month highs on hopes of OPEC crude output cuts.
Gold has fallen for the ninth straight session, briefly tapping a four-month low as computer-generated selling offset support from weak US payrolls data, but bullion was on track for its biggest weekly drop in more than three years.
No more rate cuts: MorrisonTreasurer Scott Morrison has emphatically signalled he opposes more interest rate cuts by the Reserve Bank of Australia, arguing monetary policy
In this Business News podcast, Mark Beyer and Dan Wilkie discuss residential property, Malaysian investment, innovation, fracking and our quarterly report on corporate finance deals.
A new $3 million premium food centre that will help regional agricultural and food businesses find new markets was officially opened in Manjimup today.
South Australian mining junior Flinders Mines has announced a capital raising of $5 million, with the company to put the cash towards a loan repayment and tenement expenditure commitments at its Pilbara iron ore project.
The share market has ended the week with a fall as markets wait for the latest US jobs data that is likely to influence the timing of an expected US rate hike.
Two different proposals from the Western Australian government to change the way Rio Tinto and BHP Billiton pay an iron ore charge is already damaging the state's reputation as an investment destination, a business lobby group says.
Marine manufacturing firm VEEM has raised $25 million from its initial public offering, with its stock expected to start trading on the ASX later this month.
The state’s five port authorities posted substantially lower net incomes in the 2016 financial year but were still in the black by $223 million, according to annual reports tabled in parliament in recent weeks.
South Perth’s Mends Street precinct is in line for an overhaul, after the federal government committed $2.5 million towards a $7.5 million redevelopment.
The Business News index of 30 Western Australian companies outperformed the ASX200 in the September quarter on the back of stronger showings from a handful of miners and contractors.
Subiaco-based minerals explorer Avanco Resources has signed an earn-in agreement with Canadian Jaguar Mining for the Gurupi gold project in Brazil, while Spitfire Materials has acquired 100 per cent of a gold project in Western Australia.
Lease Equity has signalled strong intentions to shake-up Perth commercial office sales, widening its focus outside of retail property by establishing a capital markets division headed up by industry stalwart Brett Wilkins.
Two of Scitech’s travelling exhibitions, which account for part of the organisation’s near-$2 million export operation, have made a landing at the Nasa Science Centre in the US.
The Australian share market has edged slightly lower in early trade, despite a nearly flat session on Wall Street and continued strength in oil prices.
Gold fell for the eighth straight session on Thursday, slipping to a four-month low, pressured by a stronger dollar after U.S. weekly jobless claims fell and ahead of key data that could put the Federal Reserve on track to raise interest rates this year.
Oil rose more than 1 per cent to four-month highs on Thursday, spurred by another informal OPEC meeting on output cuts and plunging U.S. crude inventories, with some saying the market has overshot itself with a near 15-per cent gain in seven sessions.
Liberal insiders waged a bitter war against CBAFormer attorney-general Philip Ruddock played a central but hidden role in a campaign orchestrated by three Liberal Party br
Changes to freeway merging lanes have provided a welcome boost to Perth drivers, with the recent changes improving traffic flow and cutting journey times.
