Oil prices rose about 3 per cent on Friday on upbeat US jobs data and signs that US sanctions on Venezuelan exports have helped tighten supply, then extending gains after weekly data showed U.S. drillers cut the number of oil rigs.
Gold slipped on Friday, weighed down by robust US jobs data, but remained on course for a second week of gains buoyed by the US Federal Reserve's signal that it would pause its interest rate hikes.
Wall Street ended mixed on Friday, as optimism from a surge in January US job growth was offset by a weaker-than-expected outlook from Amazon.com that battered retail stocks.
Gage Roads Brewing’s Single Fin Summer Ale has propelled the Palmyra-based brewer to a quarter of solid growth, after the brew was named the nation’s fastest-growing beer brand late last year.
PODCAST: Mark Pownall and Mark Beyer discuss house prices, RCR sell-off, Zhenya Tsvetnenko, Optus Stadium, lithium strategy, big miners back Indigenous campaign, The Simpsons, and our special report on the big risks to WA.
The Perth Mint is injecting some fun into the world of bullion investing by releasing a new range of collectable coins featuring none other than The Simpsons.
Three Perth-based listed resources companies have today announced additions and changes to their boards, with appointments including John Elkington and Bruce Goulds.
Newmont Mining has awarded WorleyParsons an engineering and construction contract for its Tanami gold project, where it is evaluating investment of up to $US750 million ($A1 billion).
Perth’s median house price fell by 1.1 per cent in January, contributing to a 5.6 per cent fall in the last 12 months according to the latest data from market analysts CoreLogic.
Lithium producer Altura Mining has entered a trading halt, with a plan to raise about $30 million for working capital, a day after it reported production at its Pilgangoora processing plant was improving.
Three local junior resources companies are undertaking capital raisings, with Sovereign Metals to raise up to $5.3 million, Global Energy Ventures up to $5 million, and Northern Minerals to raise $3 million.
Insurance broker Gallagher has recently completed two bolt-on acquisitions in Perth as the sector readies for a merger of two of the largest global players.
Having spent years working overseas in Europe and the UK, director and lighting designer Mark Howett is acutely aware of the need for art to appeal far beyond its own cultural base.
Healthscope has agreed to a $4.5 billion takeover by Canadian investment firm Brookfield, despite rival bidders suggesting they could increase their offer.
Wall Street has ascended, with the S&P 500 wrapping up its biggest monthly increase since 2015 after strong earnings from Facebook Inc added to optimism after the Federal Reserve's dovish remarks.
Gold prices were steady overnight, having earlier hit their highest in nine months after the US Federal Reserve kept interest rates steady and said it would be patient on further hikes, keeping bullion on track for a fourth-straight monthly gain.
Oil prices have risen for a third straight day as production cuts curbed supply from OPEC and its allies, and US monetary policy appeared to be more favourable.
A strong performance by the energy and mining sectors was not enough to save the Australian share market from being weighed down by troubled financials at the close.
The state government has used the launch of its battery industry strategy today to announce that one of the first initiatives will be to develop an investment attraction strategy for the sector.
Clean technology company Eden Innovations has announced it is planning to raise $9.8 million through a share placement and rights issue after running down its cash balance to $1.35 million at the end of December.
Online screening and verification company CV Check has generated a cash surplus of $200,000 for the December quarter, its first cash positive quarter since it was founded in 2004.
Big business has stepped up its campaign in favour of a constitutionally enshrined ‘voice’ for indigenous Australians, with BHP Group chief executive Andrew Mackenzie using a speech in Perth this morning to endorse the proposal.
