Gold prices have bounced, erasing earlier losses as the US dollar and US Treasury yields fell, but was still on track for a seventh weekly drop in eight as investors positioned themselves for a likely US rate rise.
THE innovation and diversification of Californian businesses, and the rapid growth they have driven, hold valuable lessons for Western Australia’s economic development, according to some of the state’s leading policy minds.
The Department of Education is advising state schools against establishing new farmers’ markets on their grounds amid growing demand for the popular weekend attractions.
This week we discuss the continuing weakness in commodity markets, and the local impacts from that, and the legal fallout from post-boom disputes, innovation and startups, Perron Group and residential home building.
A long-running campaign to sell a 50 per cent stake in Exchange Tower is coming to a close, with property syndicator Primewest to pay $113.5 million for half of the CBD skyscraper.
NAB chief economist Alan Oster predicts the start of production at the swag of new LNG facilities under construction, and good performance in the services sector, will help Australia avoid a recession next year.
Woodside Petroleum’s impending exit from its namesake office tower on St Georges Terrace has already affected the building’s value, with its owner, DEXUS Property Group, saying it was now worth $80
State governments have agreed taxes they control such as payroll and stamp duty could be targets as part of the federal government’s tax reform agenda next year, which many tip will involve an increase in the GST.
Window blinds manufacturer and retailer Kresta Holdings has been provided with a CNY50 million ($A10.6 million) loan by its Chinese parent company to pay off an existing facility and expand its east coast manufacturing operations.
The federal government seems to be preparing the public for reform with its semi-regular announcements from ministers that ‘everything is on the table’, particularly since Malcolm Turnbull took the prime ministership from Tony Abbott.
BC Iron shares plummeted today after the company announced production at the Nullagine joint venture would be suspended as a result of the weak iron ore price, with more than 200 jobs at risk.
Woodside Petroleum and its joint venture partners have given the go-ahead to a $2 billion subsea development at the North West Shelf Project off the Pilbara coast.
The Australian share market has opened lower as the key mining and bank stocks lose ground and as investors exercise caution ahead of next week's US interest rate decision.
US stocks have closed higher after a three-day decline but sharply pared gains late in the session as oil dropped to near seven-year lows and the strong US dollar weighed on sentiment.
US stocks have climbed but other major world equity markets were little changed ahead of a widely expected interest rate hike by the Federal Reserve next week, and oil resumed its slide over persistent worries about weak demand and a supply glut.
Gold futures prices have edged lower and are vulnerable to further weakness as the dollar rebounded and ahead of a widely anticipated US interest rate rise next week.
Researchers at Curtin University, Murdoch University and the University of Adelaide have found high rates of adulteration, substitution and mislabelling of traditional Chinese medicines.
Shares in shipbuilder Austal plummeted 25 per cent today on news that problems at its US operations could shave up to 2 per cent off its profit margin there.
Publicly-listed almond grower and health food retailer Select Harvests has sold its Western Australian orchard project for $9.5 million, following $60 million of write-downs over the past three years.
Deputy Premier Kim Hames will stand down from that role in February next year, but will remain as minister for health and tourism as he prepares for his retirement from politics at the 2017 state election.
Billionaire Gina Rinehart has seen off the first shipment of iron ore from her $10 billion Roy Hill project, on the same day BC Iron entered a trading halt ahead of a review of its Nullagine joint venture project.
