Gold prices have hit a two-week low as upbeat comments from Federal Reserve officials on the US economy boosted expectations that the central bank could lift interest rates sooner rather than later.
Oil prices have fallen more than 3 per cent on supply worries, while US Treasuries rose and stocks flattened as markets awaited more clarity later this week from the Federal Reserve on when it might raise US interest rates.
Fortescue super-sizes dividendsAndrew ‘‘Twiggy’’ Forrest will crown his $3.1 billion comeback by pocketing $125 million in dividends from iron ore miner Fortescue
Galaxy Resources has more than doubled the forecast profitability of its proposed Sal De Vida lithium mine, in an updated definitive feasibility statement released today.
The Australian share market has closed lower amid mixed company earnings reports and a firmer expectation that the US central bank will lift interest rates this year.
CIMIC Group has launched legal action in the United States against Chevron over cost blowouts on jetty and marine structures it built at the Gorgon LNG project on Barrow Island.
Rio Tinto has announced the 50th anniversary of its first contracted iron ore shipment from the Pilbara, as debate continues around the adequacy of its royalty payments and the legacy for indigenous people in the region.
Former Calibre Group boss Rodney Baxter has been named chairman of mineral sands miner MZI Resources, following Malcolm Randall’s retirement from the role today.
Engineering group UGL hopes to claw back some of a $200 million write-down it made on the massive Ichthys natural gas project near Darwin, but is unsure when it will pay shareholders a dividend again.
Gold miner Northern Star Resources has increased its dividend payout after confirming a 65 per cent jump in full-year profit, on the back of higher gold prices and a reduction in costs.
Fortescue Metals Group has hoisted its final dividend to a record high after a partial rebound in iron prices and lower costs helped the Pilbara miner more than treble full-year profit.
Woolworths is overhauling its loyalty program less than a year after the unpopular revamp that introduced orange tickets and prompted complaints from customers.
Oil prices has settled steady to higher, with US crude posting its biggest weekly gain since March after surging nearly 25 per cent in a little over two weeks, a rally analysts caution is not justified by fundamentals.
Gold has fallen more than one per cent, snapping a four-day streak of gains following conflicting signals from US Federal Reserve officials on the timing of a possible rate hike, but was still on track for its second straight week higher.
Time to bury ‘trickle-down economics’Halting Donald Trump-style political revolts in modern democracies means delivering inequality-busting economic reform such as infrast
In this Business News podcast Mark Pownall and Mark Beyer discuss Alannah Mactiernan, Richard Sellers, what’s behind our resources company results, Perth’s liveability and our changing power and energy markets.
Padbury Mining directors Gary Stokes and Terry Quinn have each been fined $25,000 and banned from being company directors for three years after the Federal Court found their announcement of a $6 billion funding deal for the Oakajee port and rail project was misleading and deceptive.
Australian competitors have won two silver medals in sailing and a bronze in the canoeing on day 13 of the Rio Olympics, which has kept the Aussie team at 10th spot on the medal tally.
Scitech will relocate to the Perth Cultural Centre after almost three decades at its current City West home, a move expected to complement the $428 million new museum complex scheduled to open in 2020.
Santos will not pay a dividend after plunging to a $US1.1 billion ($A1.4 billion) half-year loss on the back of lower oil prices and a large impairment against its massive new LNG project.
