McGowan’s pokies plan to increase WA share of GSTWest Australian Premier Mark McGowan has boldly claimed he can achieve what his predecessor Colin Barnett failed to do
The Australian dollar has crept a little higher against its US counterpart amid falls in oil and iron ore prices and ahead of several key political and monetary events.
Oil prices have plunged five per cent to a one-month low, after an unexpected increase in US inventories of crude and petrol fanned fears that output cuts by major world oil producers have not done much to drain a global glut.
Gold prices have fallen from near seven-month highs on a stronger US dollar and after a written testimony by a former FBI director to the US Senate was seen as containing few surprises, but declines were limited as uncertainty from the UK election remained.
Better-than-expected economic growth has boosted the Australian dollar, while the share market was steady as gains by banks and healthcare companies offset falls by the supermarket giants.
The Australian share market has seesawed in a narrow range in early trade, with investors wary of taking positions ahead of local gross domestic product data and key international developments.
$15m Subi Pavilion discountVictorian Liberal Party heavyweight Andrew Abercrombie appears to have agreed to take a $15 million-plus hit on the sale of the landmark Pavi
Oil prices have edged up, finding technical support after sliding below $US47 a barrel on pressure from a diplomatic rift in the Middle East and sustained high crude inventories in the United States.
Gold has risen to the highest in seven months on a slump in the US dollar to a seven-month low and on safe-haven demand driven by a rift in the Middle East, an upcoming European Central Bank meeting and the British election.
The Reserve Bank of Australia has held its benchmark interest rate at 1.5 per cent as expected, while indicating it believes east coast housing markets may be starting to cool.
Business watchdog to probe Bankwest loansThe small business ombudsman has launched her own inquiry into the way thousands of Bankwest customers were allegedly treated i
Oil prices have fallen nearly one per cent on concerns that the cutting of ties with Qatar by top crude exporter Saudi Arabia and other Arab states could hamper a global deal to reduce oil production.
Gold prices have steadied after rising to a fresh six-week high as disappointing jobs data dims the prospects for aggressive US interest rate increases, even though it is unlikely to deter a rate rise at June's Federal Reserve policy meeting.
Australian shares have ended the week on a high note, posting their best day since March as strong overseas markets added a tailwind and traders bought back into banks and miners.
Ore slump drives $350m blowoutThe State Government is facing a $350 million blow to its already stretched Budget as the price of iron ore plummets, forcing Treasurer Ben Wyatt to
Gold prices have eased as the US dollar has rallied after a report showed that the US economy created more private-sector jobs than expected in May, further strengthening expectations for a June interest rate.
The Australian share market has slipped in early trade, following a benign lead from Wall street, with investors waiting on the sidelines for a clear signal about the direction.
WA’s share of GST cash is fair, says grants chiefThe Commonwealth Grants Commission has declared its recommendation to deliver WA just 34.4¢ in the dollar of GST as “fa
Gold prices have risen as the US dollar has dipped and simmering geopolitical tensions lent support, though the metal was little changed for the month amid an increased chance of a US interest rate rise in June.
Oil prices have sunk three per cent to a three-week low as an increase in Libyan output helped boost monthly OPEC crude production for the first time this year.
