Oil prices rose about two per cent on Tuesday, supported by Saudi Arabian export cuts in November and comments from OPEC and trading companies that the market is rebalancing after years of oversupply.
The price of gold has touched its highest point in nearly two weeks, supported by a softer US dollar and geopolitical tensions in Spain and North Korea, though gains were capped by expectations of another US interest rate increase.
The Australian share market is steady after a quiet session, as the energy sector weakened and AMP and poker machine maker Aristocrat Leisure were among the best performers.
The Australian share market is off to a flat start start after a weak lead from Wall Street, which had light trading volumes due to the Columbus Day public holiday.
Rinehart swoops on 171,000ha cattle stationMining and agribusiness magnate Gina Rinehart’s Hancock Prospecting has swooped on the Willeroo Cattle Station, snapping up t
Oil prices inched higher on Monday after one of the most bearish weeks in months, propped up by OPEC comments signalling the possibility of continued action to restore market balance in the long term by agreeing to output cuts.
Gold prices rose on Monday, erasing all of the previous week's losses, as a weaker US dollar and the resilience of a key chart level removed some downward pressure, while the return of Chinese buyers to the market also lent support.
The Australian share market has closed higher as investors were encouraged by US economic data showing stronger wages growth, and a positive performance from China's share market which resumed trading after a week's holiday.
Engineering group WorleyParsons is seeking to raise $322 million to fund the acquisition of AFW UK Oil & Gas, which provides services to the oil and gas sector in the UK.
The Australian share market has started the week higher, seemingly shrugging off last week's slightly lower close on Wall Street and renewed worries over North Korea.
Plan for reboot of GST carve-upThe nation’s key economic adviser will call for reform of GST payments to the states and territories in a report to be released today tha
Oil futures fell more than two per cent on Friday, ending Brent crude's longest multi-week rally in 16 months as oversupply concerns reappeared as producers have started hedging future drilling.
Gold bounced up from a two-month low on Friday, on concerns stoked by a Russian report that North Korea is preparing to test a long-range missile and on support from the U.S. dollar's shift into negative territory.
The Australian share market has closed higher, boosted by the mining, energy and banking sectors, ahead of key market-moving US jobs data due overnight.
Fatal failings at Fiona Stanley still to be fixedThe State Coroner has found “systemic failures” at Fiona Stanley Hospital that resulted in the “preventable” death of a
Oil prices have risen about 2 per cent as signs Saudi Arabia and Russia will limit production through next year pushed the US benchmark back above $US50 a barrel.
The dollar index rose to a 2-1/2-month high after data showed the US trade deficit narrowed in August as exports of goods and services rose to a more than 2-1/2-year high, while jobless claims fell more than expected.
The share market has closed flat as banks continued their recent declines, Qantas hit new highs and the the major iron ore companies managed minor gains.
Lib split on goldPressure is mounting on Opposition Leader Mike Nahan to decide where he stands on the State Government’s gold royalty increase after his deputy Liza Ha
The Australian dollar is a little lower against its US counterpart which has pared losses after data showed that US service sector growth had accelerated which could lead to a December interest rate rise.
The share market has fallen for a second straight session as international investors sold shares on concerns about a weaker outlook for the Australian dollar.
Risk kills NW power accessRegional electricity provider Horizon Power refused to allow private energy giant Alinta to access its network because a proposed deal would h
