Oil prices have settled lower for a second straight day, with the market unable to rebound from Wednesday's decline on the back of a surprise build in US petrol inventories and ongoing worries about heavy global supply.
Gold has fallen to a three-week low, weighed down by a stronger US dollar as investors began to assess the potential for another US rate hike later in the year, supported by data showing a strong US jobs market.
A South Korean consortium has emerged as the likely new owner of troubled steelmaker Arrium after being chosen as the preferred bidder by the Whyalla-based company's administrators.
Energy target raises WA power price fearWA MPs are calling for Federal Energy Minister Josh Frydenberg to explain how the State’s electricity network would be affected
Crude oil prices have slumped nearly 4 per cent to their lowest close in seven months, hit by an unexpected large build in petrol inventories and an international outlook that suggests a big increase in supply in the coming year.
Gold has turned negative after the Federal Reserve increased interest rates but was less dovish than expected following a two-day meeting, and the US dollar sharply pared its losses against a basket of major currencies.
The Australian share market has lifted to its highest level in a month in early trade, with gains in all sectors except miners following tech stock-led gains on Wall Street overnight.
Coalition in revolt over climate fixMalcolm Turnbull has been hit with a stronger than anticipated backlash over plans to introduce a clean energy target in a battle th
Oil prices have settled higher after OPEC detailed supply cuts around the world, but the cartel also said overall production rose in May, and crude stayed well below $US50 a barrel despite the modest recovery.
Gold has turned slightly higher, as the market awaits signals of future monetary tightening by the US Federal Reserve and a Senate panel's questioning of Attorney General Jeff Sessions about his dealings with Russian officials.
House price hopePerth’s property market has bottomed out, according to some of the industry’s biggest names, who are optimistic about a recovery over the next year.
Oil has edged up on signs of inventory declines in the US and news that Saudi Arabia will limit volumes of crude to some Asian buyers in July and deepen cuts to the United States.
Strong speculative demand has kept palladium near 16-year highs, though weak fundamentals are soon expected to take their toll on prices of the metal, which is used to make autocatalysts for petrol-fuelled cars.
Outgoing BHP Billiton chairman Jacques Nasser has been named a companion of the order of Australia, while Qantas boss Alan Joyce has also been honoured in the Queen's birthday honours.
Chief scientist Peter Klinken, oil and gas veteran David Agostini and public sector commissioner Mal Wauchope are among the 36 Western Australians to join the alumni of recipients of the Queen’s birthday honours.
Glencore bid faces hurdlesGlencore’s audacious $US2.55 billion ($3.4bn) bid to finally realise its long-held desire for Rio Tinto’s NSW coal assets will face a slew of
The Australian share market has ended slightly higher, buoyed by mining stocks, while the poor showing for the ruling Conservative Party in the UK election has given the Aussie dollar a boost against the pound.
Mark Pownall will become CEO at Business News from the start of the new financial year, replacing Charlie Gunningham, who has been at the helm for four years.
The big Aussie backs WA GST pushBHP has weighed into the GST debate, backing WA’s calls for an overhaul of the way the revenue is carved up between the States.
Oil prices have again fallen, with a sell-off continuing the day after data showed a surprise surge in US crude inventories, and Brent settled at its lowest since November 29, the eve of an OPEC production cut deal.
Gold prices have extended losses into a second session as the US dollar strengthened and as investors viewed the testimony from former US FBI director James Comey as containing no significant surprises.
The share market has closed slightly higher as strength in bank and healthcare stocks offset falls by energy companies, as investors wait on key political events overseas.
