Three Australian employees of Crown Resorts could be released from a Chinese jail within months after being handed nine and 10-month sentences for gambling-related offences.
No GST quick fix: TreasurerScott Morrison has cautioned West Australians against expecting a GST miracle, admitting the Federal Government’s review of how the tax is sh
Oil futures have edged higher with a lift from a weaker US dollar, but have finished a fifth straight week lower as OPEC-led production cuts have failed to substantially reduce a global crude glut.
The Australian dollar is hardly changed against its US counterpart even as the greenback weakens slightly amid mixed data and comments from the Federal Reserve.
Gold prices have climbed to one-week highs, boosted by a weaker US dollar, economic and political uncertainty around the world, and the limited prospect of further interest rate rises in the United States.
The Australian share market has ended in positive territory, despite a tumultuous day for the major banks after fresh talk of state government imposed levies.
The Australian share market has edged fractionally higher as gains by most of the big mining and energy stocks, CSL and Telstra outweigh weakness among most of the major banks.
Bens big bill shockPower bills in WA will increase $169 a year as part of an overall hit to household budgets of almost $440 a year under changes announced by Treasurer
Oil has risen, a day after hitting 10-month lows, but market sentiment remains negative because the global crude glut has persisted despite OPEC-led output cuts.
Gold has risen, lifting quietly above the prior session's five-week low as the US dollar steadied and the 200-day moving average provided short-term support below the market.
Miners face $95m rise in port feesMining companies will pay $95 million more in port and shipping fees in the Pilbara as part of a money raising measure to be unveiled
The Australian dollar has extended losses against its US counterpart, despite the greenback's underperformance, as the price of oil falls another two per cent.
Oil prices have ended down more than two per cent, hitting a 10-month low in volatile trade, as growing US production and reduced Chinese refinery activity fed mounting concern over the stubborn global crude glut.
Gold has rebounded from a five-week low as an oil price slump pushes down stock markets and a weaker US dollar makes bullion cheaper for holders of other currencies.
About $29 billion has been wiped from the share market's value in its worst session of 2017, as lower oil prices and a souring outlook for commodities hit energy and mining stocks, and the negative sentiment infected the big banks.
Cops vent pay furyThe public are being warned to expect delays in police response times as officers begin an unprecedented work-torule campaign that includes restrictio
The Australian dollar is sharply down against its US counterpart as the greenback lifts against most currencies, except the yen and the kiwi dollar, in a lively session.
Oil prices have fallen two per cent per cent, with Brent settling at seven-month lows and US crude at its cheapest level since September, after increased supply from several key producers overshadowed high compliance by OPEC and non-OPEC oil producers with a deal to cut global output.
Gold has inched down to a five-week low as the US dollar lifts following hawkish comments from an influential US Federal Reserve official and dovish remarks from the Bank of England governor.
The Australian share market has opened in the red despite strong gains on Wall Street overnight where the Dow and the S&P 500 closed at new record highs.
Cuts keep Bhagwan afloatBhagwan Marine has been selling vessels, slashing overheads and refinancing debt to stay afloat during a crippling three year industry slump.
The Australian dollar is down sharply against the greenback, falling back below 75 US cents, as the US dollar gains after an influential Federal Reserve official expressed confidence that rising wages would help revive domestic inflation.
Oil prices have fallen about one per cent to a seven-month low as market players see more signs that rising crude production in the United States, Libya and Nigeria have undercut OPEC-led efforts to support the market with output curbs.
Gold has fallen to a near five-week low as the US dollar rises after hawkish comments from a top Fed official, but uncertainty created by the start of talks on the terms of Britain's departure from the European Union prevented deeper losses.
The Australian share market has lifted as the major banks made gains but investors dumped retail stocks as a major acquisition by internet giant Amazon.com in the US ignited fears for the future of local bricks-and-mortar retailers.
