Australian stocks have slipped into negative territory as a strong performance by the big miners was unable to make up for losses in shares of the major banks.
The benchmark S&P 500 index and the Nasdaq edged upward to snap a two-day losing streak on Friday as positive corporate results offset lingering scepticism over the United States and China reaching a trade deal before the March 1 deadline.
Oil futures edged higher on Friday but ended the week with a loss on renewed concerns about slowing global demand and after the US dollar posted its best week in six months.
Gold rose on Friday as a gloomy global economic outlook dented risk appetite, but a firm US dollar stemmed bullion's advance and kept the metal on track for its first weekly decline in three.
PODCAST: Mark Pownall and Mark Beyer discuss the banking royal commission fallout, private schools, Graham Griffiths' passing, export data, office vacancies, Architectus and our 25th anniversary event
Perth’s business community was shocked today to learn of the sudden passing of Graham Griffiths, who was chairman of five technology companies and had been a mentor to many people in the tech sector.
The state government and the Western Rock Lobster Council have reached a comprise on the future of the industry, with the annual catch to increase by just 315 tonnes. However, details of how this will be delivered to the local market have not yet been worked out.
The curators and sponsors of the Desert River Sea: Portraits of the Kimberley exhibition at the Art Gallery of WA are hopeful the more than 150 pieces on display will challenge and broaden the public’s perception of Aboriginal art.
Three months after announcing a new education strategy, StudyPerth has launched its action plan, outlining a range of ideas to attract and retain international students.
The Reserve Bank of Australia has revised down its economic forecasts as expected, but the Australian dollar has plunged again after the central bank surprised the market with the scale of its revisions.
Pilbara Ports Authority has recorded a slight decrease in throughput for the month of January compared with same month a year prior, despite the Port of Port Hedland achieving a single-tide record tonnage in the month.
ImpactHD is an app which aims to provide a sustainable and scalable healthcare solution for individuals with Huntington’s disease (HD), which is currently incurable.
Gold prices rose overnight on concerns that the US-China trade war may stretch beyond a March 1 deal deadline and the potential effect it could have on global growth, although gains were capped by a strengthening US dollar.
Wall Street stocks have sunk as worries that the United States and China would not be able to reach a trade deal increased concerns about slowing global economic growth.
Former foreign minister Julie Bishop says she intends to stand for her seat again at the coming election and has given her backing to Prime Minister Scott Morrison.
AGL Energy has continued its growth in the Western Australian gas market, revealing it had approximately 33,000 customers by the end of 2018, a rise of 12,000 from six months prior.
Shares in Tempo Australia have closed the day’s trade at 10 cents each, a fall of 20 per cent, after the contractor announced it was $4.5 million in the red for the year to December.
Altura Mining has announced details of a capital raising to fund its Pilgangoora lithium project in the Pilbara, with company directors contributing $15.46 million towards the financing package.
NAB chief executive Andrew Thorburn and chairman Ken Henry are stepping down, becoming the highest-profile banking casualty of the financial services royal commission.
Perth-based Arafura Resources' definitive feasibility study for its flagship Nolans rare earths project in the Northern Territory has revealed higher production and lower capital costs than previously anticipated.
