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.
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.
