Oil prices fell more than one per cent overnight, in conjunction with sagging stock markets after US President Donald Trump threatened more tariffs on Chinese imports ahead of the coming G20 summit.
The S&P 500 and the Dow Jones Industrial Average have edged higher after White House economic adviser Larry Kudlow said an upcoming meeting between US President Donald Trump and his Chinese counterpart is an opportunity to "turn the page" on a trade war.
Gold fell overnight to its lowest in more than a week, as the dollar rallied after comments from US Federal Reserve Vice Chair Richard Clarida bolstered expectations that the central bank would continue raising interest rates.
Shares in Global Construction Services have fallen to a one-year low, on the same day the company’s shareholders voted to change its name to that of merger partner SRG Global.
The Australian share market has closed higher after a positive afternoon of trading, buoyed by the financial sector and supported by commodity-related stocks.
Wesfarmers chief executive Rob Scott says while decisions to sell out of Bunnings’ loss-making operations in the UK and Ireland, and to demerge supermarkets giant Coles, were easy in a commercial sense, the Bunnings move in particular proved taxing on an emotional level.
Resolute Mining has announced plans to list on the London Stock Exchange, just a day after fellow Africa-focused miner MOD Resources was admitted to the LSE.
Western Australian small and medium enterprises are the second least confident of all states and territories, but are the most optimistic for the long-term future, a survey of 1,000 SME operators has revealed.
The state government will lift a ban on fracking in prospective areas of Western Australia after an independent inquiry found the petroleum exploration practice to be low risk.
The federal government will lay out its tax and spending plans unusually early in 2019, after the budget brought forward by a month to allow for an election in May.
BHP Group has identified a new copper find near its Olympic Dam operations in South Australia, as speculation continues that Rio Tinto has also made a big copper discovery, in the Pilbara.
Oil prices have risen about three per cent, clawing back some of the previous session's steep losses, although gains where capped by uncertainty over global economic growth and further signs of increasing supply, including record Saudi production.
Gold firmed overnight, supported by uncertainty over the future pace of US interest rate hikes and the outcome of the G20 summit later this week when global leaders will focus on trade tensions.
The late Stan Perron, who passed away last Friday after building a $4 billion self-made fortune, started preparing for his succession more than 25 years ago.
Resolute Mining has signed a joint development agreement with Africa-focused power developer Ignite Energy to set up a 40-megawatt hybrid solar, battery and fuel oil plant at its Syama gold mine in Mali.
The Australian share market suffered broad-based losses but it was the commodity-related stocks bleeding red which was the biggest drag on the indices.
The embattled Myer board has made a fresh pitch to shareholders ahead of a likely explosive annual general meeting on Friday, declaring the completion of its refinancing was a vote of confidence.
Local construction company Jaxon has been awarded a $10 million contract to build a new student accommodation facility at St George’s College at the University of Western Australia.
Real estate developer Dexus says it has agreed to set up a $2 billion trust with Singapore's sovereign wealth fund GIC to invest in Australian logistics properties.
WestStar Industrial subsidiary Simpec has won a $1.7 million contract at Iluka Resources’ Cataby mineral sands project, located approximately 150 kilometres north of Perth.
Shares in Proteomics International Laboratories have jumped more than 8 per cent in early trading, after the Nedlands-based firm announced a collaboration agreement with a US pharmaceutical company.
Mining and energy stocks have plunged more than two per cent each, bleeding red all over the Australian share market in a commodity-fuelled opening dive.
