Trade-sensitive industrial stocks have led the Dow Jones Industrial Average to a record closing high, the last of Wall Street's main indexes to fully regain ground since a correction that began in January.
Gold edged up to hit its highest in nearly a week as the US dollar slumped, its safe-haven appeal lessened by reduced fears over the near-term impact of Sino-US trade tensions.
Oil prices eased, pulling back after US President Donald Trump urged OPEC to increase production at its meeting in Algeria, and slowing bullish momentum that had previously propelled the market toward four-year highs.
The state government appears to be continuing to back away from plans to introduce increased competition in electricity retailing, with Economics and Industry Committee chair Jessica Shaw saying she’d like to see more evidence it would reduce prices.
Perth-based tech company DTI Group has finalised a $19.1 million contract with manufacturing joint venture Alstom Ubunye to supply passenger information systems for nearly 600 trains in South Africa.
Electricity retailer Synergy hit an after-tax profit of $24.3 million in the year to June, an improvement of $36 million, aided by about $140 million of state government subsidies, while increased uptake of household solar continues to put pressure on revenue.
The Property Council of Australia has welcomed proposed laws governing apartment projects in entertainment precincts, but has expressed caution about where the policy applies and its impact on planning approvals.
Western Australia’s population increased by just 0.8 per cent in the year to March, continuing its recent trend of soft growth, while nationally population growth slumped to a two-year low, new data out today shows.
The Administrative Appeals Tribunal has today set aside a decision by the Australian Securities and Investments Commission to ban Robert Hutchison from providing financial services.
Shares in local gold stocks Tribune Resources and Rand Mining have soared today, after each announced special dividends worth a combined $250 million, following an adverse ruling by the Takeovers Panel on Monday.
An improved result in Western Australia, despite challenging market conditions and continued falls in brick selling prices, has helped building materials company Brickworks boost underlying net profit to $223.7 million for the 2018 financial year.
The six-month Plus Eight accelerator program reached its 2018 culmination last night, as seven startups pitched their growth and expansion plans to a sold-out audience.
Opinion: The improvement in quality of life and opportunity for all but a few over recent decades shows the true progress towards a more inclusive society.
The S&P 500 and the Dow Jones Industrials Average have risen as bank stocks gained on rising Treasury yields, while a drop in Microsoft pressured the Nasdaq.
US oil futures surged nearly two per cent as they were bolstered by a fifth weekly crude inventory drawdown and strong domestic petrol demand amid ongoing global supply concerns over US sanctions on Iran that come into force in November.
Gold rose as the US dollar weakened, indicating investors are starting to worry about the impact of the US-China trade war on the US economy, luring some buyers back into precious metals investments.
Moves are under way in Western Australia to ban online lottery betting organisations, with the state government saying it will protect Lotterywest and minimise harm to at-risk gamblers.
A half-owned subsidiary of Perth-based Protean Energy has received a $3 million investment from the South Korean government for a $9.7 million vanadium battery project.
Market fears for the outcome of the escalating tariff war between the world’s two biggest economies have heightened during the past week, with history showing what could be a significant impact on consumers, and employment.
Shares in mineral sands-aspirant Sheffield Resources touched an all-time high today after the federal government approved a $95 million debt facility to develop the company’s Thunderbird project in the Kimberley.
National Australia Bank has cut executive bonuses as it continues its attempt to regain consumer trust amid the fallout of the Financial Services Royal Commission.
Months after being overlooked by the Australian government for local naval contracts, Henderson-based Austal has achieved more success in the US, securing a $1.6 billion contract to build two ships for the US Navy.
Perth-based The Agency Group Australia has executed an option to acquire east coast real estate group Top Level for $5.5 million, while also announcing an $8.4 million capital raising and a $5 million debt conversion deal.
