Oil prices were mixed overnight as US crude futures were pressured by a build in domestic inventories and record production while forecasts from the Organisation of the Petroleum Exporting Countries for a lower-than-expected oil surplus supported Brent.
Gold prices rose on Thursday as investors remained concerned about the imminence of a trade deal between the United States and China, while a slip in riskier assets and the US currency further supported the metal.
The Australian share market has risen broadly while the dollar has slumped to a one-month low after a rise in unemployment increased hopes for a fourth cash rate cut.
Northern Star Resources executive chairman Bill Beament has been handsomely rewarded for the gold miner’s strong performance over the past few years, with the recent exercising of three million performance rights.
Iain Shields is acutely aware of the challenges around social housing, having experienced them personally in the UK and then in a professional capacity in Australia.
Biotech company Phylogica announced it had increased its shareholding in Vision Pharma to 90 per cent, following a $15 million investment using funds it had raised through a recent rights issue.
Takeover target Panoramic Resources revealed today operational performance at its Savannah nickel project would be below previous forecasts over the next four months and that it would need to raise extra capital, with bidder Independence Group saying it would now review its offer.
Wesfarmers managing director Rob Scott says the Bunnings and Kmart owner has detected a "modest improvement" in retail conditions following a lift in property prices and government tax rebates.
There’s no bad news in Western Australia’s battery industry, Energy Minister Bill Johnston says, shrugging off the deferral of major projects in recent months.
Western Australia has recorded the largest increase in employment of any state for the month of October, up by 6,300 people, but its unemployment rate has remained static at 5.7 per cent, according to the latest data from the Australian Bureau of Statistics.
Engineering company Monadelphous has entered the Chilean market with the acquisition of two jointly-owned mining services providers, Buildtek and Maqrent.
Magellan Power is considering operations for a capital raising early next year, including an IPO, as it sharpens its strategy to expand production of standalone power systems and microgrids.
Western Australia needs to be more aggressive in attracting foreign investment, Premier Mark McGowan told a Business News breakfast this morning, where he announced a recently established state economic office that is already facilitating dozens of projects.
Pawsey Supercomputing Centre has announced a tender as part of a $70 million new supercomputing system to replace its existing Magnus and Galaxy supercomputers.
Medibank chief executive Craig Drummond says the private health insurer's policyholder growth since the end of the last financial year is twice that of the prior corresponding period.
Oil prices edged up overnight after the Organisation of the Petroleum Exporting Countries said it saw no signs of global recession and rival US shale oil production could grow by much less than expected in 2020.
WA-based construction contractors Civmec and Ausgroup have both reported a dip in quarterly profits as they gear up for an increase in maintenance work and new projects.
Two previously-rejected South Perth apartment proposals will be reassessed by planning authorities next week, with local developer Sirona Capital and a private Singaporean group scaling back their towers in efforts to win approval.
The Australian share market has fallen, with every sector save one in the red, after US President Donald Trump threatened to escalate his trade war with China if the two countries can't reach a deal.
A new land and house development is set to revitalise the former Kinlock Primary School site in Ferndale, with Yolk Property Group and Ventura Home Group appointed as project managers.
Perth's residential downturn has provided a strong boost to housing affordability, but there remains just two regions in the city where it is cheaper to buy than rent.
Fortescue Metals Group has agreed to a $6 million farm-in with Carawine Resources to explore its Paterson project in Western Australia, and a $2 million farm-in with Reward Minerals to explore its potash tenements in the McKay range.
Junior gold explorer Breaker Resources has agreed to a non-brokered $8 million placement to a private equity fund managed by New York-based Electrum Group, with the proceeds to fund drilling activities at Breaker’s Lake Roe mine in Western Australia.
Afterpay will be available on eBay's local site next year in what the buy now, pay later service says represents its largest online arrangement in Australia.
