Wall Street stocks edged up, US Treasury debt yields fell, and oil prices rose to the highest level of the year after the Federal Reserve signalled it was in no hurry to change policy.
Gold has risen for a third straight session, but has pared gains after the US Federal Reserve held interest rates unchanged but left the door ajar to a rise in June.
POLITICAL uncertainty and growing demand in the developing world will underpin gold prices for the foreseeable future, according to ABC Bullion chief economist Jordan Eliseo.
Balcatta-based PS Structures has won a $28.5 million contract for expansion work at Churchlands Senior High School, which is suffering from capacity constraints.
Former state treasurer Troy Buswell has been promoted to chief financial officer at civil and construction contractor Brierty, which today annunced that 14 positions have been made redundant as it seeks to shave costs.
Curtin University expects to start building up to 1,400 new student accommodation beds at its Bentley Campus by the middle of next year, after officially putting out the call for development partners for the first phase of its Greater Curtin vision today.
Perth-based Braziron has announced plans to delist from the ASX and leave the resources industry through the reverse takeover of a private road safety barriers business in a deal worth $6.3 million.
Perth has had its deepest quarter of deflation since the 1991 ‘recession we had to have’, with prices falling 0.6 per cent in the three months to March, driven by cooling house prices and cheaper fuel.
Atlas Iron’s creditors appear likely to own the majority of the business after shareholders voted in favour of the iron ore miner’s proposed debt-for-equity swap at a meeting today.
Gold Road Resources has announced the second-largest capital raising by a Western Australian company for the year, which it will use to fund ongoing work at its Gruyere gold project near Laverton.
The S&P 500 has ticked up, buoyed by gains in the energy and materials sectors as soft economic data weakened the dollar, giving support to oil and gold prices.
Gold has rebounded after weaker-than-expected US durable goods data knocked the US dollar to a session low against the euro, but prices remained hemmed into a narrow range as a two-day Federal Reserve policy meeting began.
Western Australia's economic slowdown has hit the charity sector, with the value of donations per person falling last year, in contrast to every other state where the value of donations increased, a new report has found.
The effect of work under way on the Square Kilometre Array project in the state’s Mid West region is rippling through the scientific community, beyond the obvious impact in radio astronomy through to cutting-edge commercial operations.
The Australian share market has closed modestly lower as investors await Australian inflation data, a US decision on interest rates and US economic figures.
Perth’s Scoop Magazine has been closed nearly two decades after hitting the newsstands, with management citing tough market conditions for the iconic publication’s demise.
Rare earths miner Peak Resources plans to restructure its funding arrangements to increase its stake in the Ngualla joint venture, with a $7 million capital raising put forward to investors.
