Minister ‘backing away’ from U-mine promisesWA’s Mines Minister has been accused of backing away from uranium mines approved by Colin Barnett despite previously indicat
US stocks have inched lower, with the S&P 500 retreating slightly from a record, as weakness in the energy and financial sectors outweighed gains in technology shares.
Oil prices fell about one per cent on signs of resurgent crude output in Libya and concerns that extended production cuts by leading exporting countries may not be enough to drain a global glut that has depressed prices for almost three years.
Gold prices eased after hitting a one month high on Tuesday as economic data from the United States showed increased signs that the Federal Reserve would raise interest rates next month.
BHP throws $4.5bn shale surge at ElliottBHP Billiton has hit back at claims from activist fund Elliott Management that US shale ground trading has destroyed value, with
The Australian dollar is higher against its US counterpart which also had ranged sideways with little data to direct it and traders in the US and Britain away for public holidays.
Oil prices have risen slightly, barely paring last week's steep losses with the market remaining cautious as increases in US drilling activity have undercut an OPEC-led push to tighten supply.
Gold has held near its highest in a month in holiday-thinned trade, with a softer US dollar and a retreat in stock markets helping the metal cling on to the previous session's gains.
A slide in banking stocks has driven the Australian share market to its lowest level since March as investor nervousness about regulatory activity weighs on financial stocks.
The Australian dollar is a little higher against its US counterpart as the US dollar lifted amid better-than-expected American gross domestic product figures and rebounding oil prices.
Oil prices have rebounded, rising more than one per cent, but Brent crude ended the week nearly three per cent lower after an OPEC-led decision to extend production curbs did not go as far as many investors had hoped.
Gold has risen to its highest in nearly four weeks as political uncertainty led investors to favour bullion over assets considered riskier such as stocks.
BHP, Rio face fresh tax threatIron ore giants BHP Billiton and Rio Tinto are facing a fresh tax grab in Western Australia just months after seeing off the WA Nationals’
The Australian market has settled lower in early trade as a slide in global oil prices overnight weighed on investor sentiment, sending the indices lower.
Oil prices have tumbled five per cent as the extension of output curbs by OPEC and other producing countries disappoints investors who had hoped for larger cuts, leading to the biggest daily percentage slide in crude prices since early March.
Monopoly fears over shipyardsTaxpayers risk being exposed financially because of the Turnbull government’s policy of creating monopoly shipyards in Adelaide and Perth t
The share market has gained ground as strength in the mining and energy sectors outweighed falls by retailers, while the Australian dollar returned to a three week high.
The Australian dollar is sharply higher against its US counterpart, breaching above 75 US cents after the Federal Reserve's minutes ruffles investor sentiment and the greenback.
Oil prices have retreated slightly as investors reacted to a smaller-than-expected US petrol stocks draw as they awaited the outcome of discussions in Vienna between OPEC and other oil-exporting countries on whether to extend output cuts.
Gold prices have risen as the US dollar has slipped and minutes of the Federal Reserve's last policy meeting suggest the US central bank was cautious about raising interest rates.
Retail blow as Topshop goes underFashion chain Topshop Australia has collapsed after just six years, dealing a new blow to a hard-pressed retail sector already reeling
The Australian dollar is weaker as the first ratings downgrade on China by Moody's since 1989 renewed concerns about the economic strength of Australia's key trading partner.
Bankrupt former coal baron Nathan Tinkler and two of his closest business allies have been banned from managing a company for at least three years for their roles in the collapse of several businesses.
Programmed Maintenance Services has announced it has sold half of its marine services business to a Netherlands-headquartered company, on the same day it revealed a return to the black with a full-year net profit of $12.3 million.
