The estate of the late Perth mining billionaire Michael Wright is fighting a court decision that awarded $25 million to his youngest daughter, Olivia Mead, arguing the $3 million he left her was enough.
The Australian market has opened sharply lower following a slide on Wall Street over concerns U.S. President Donald Trump reportedly tried to interfere with a federal investigation.
The S&P 500 and the Dow notched their biggest one-day fall since September 9 as investor hopes for tax cuts and other pro-business policies faded after reports that US President Donald Trump tried to interfere with a federal investigation set off alarm bells on Wall Street.
McGowan backs off privatising WA TABA proposed merger between Australia’s two biggest wagering companies would damage the value of the WA TAB by removing competition fo
The Australian dollar edged higher against the US dollar, which fell along with the major US share markets on worries over the stability of the Trump administration.
Oil prices settled at a two-week high on Wednesday after U.S crude inventories declined for the sixth straight week, a positive sign for markets ahead of next week's OPEC meeting, where major oil producers are expected to extend supply cuts.
The share market has posted its biggest fall in almost two months as the battle between the Turnbull government and the big banks over a proposed $6.2 billion bank levy weighs on investor sentiment towards the financial sector.
Coalition’s war on banks gets personalThe relationship between the government and the big banks is now toxic after Malcolm Turnbull and his senior mini
The Australian market has started strongly after the S&P 500 and the Nasdaq hit record highs in the US, powered by rising oil prices and advancing technology stocks.
Gold rose as U.S. political turmoil, a missile test by North Korea and a worldwide cyber attack fuelled demand for safe-haven assets, while weaker-than-expected U.S. data pushed the dollar lower, making gold cheaper for holders of other currencies.
Oil jumped 2 per cent to its highest in more than three weeks on Monday, topping $US52 a barrel after Saudi Arabia and Russia said that supply cuts need to last into 2018, a step towards extending an OPEC-led deal to support prices for longer than first agreed.
Henry’s bank tax assaultThe federal budget’s bank tax has taken tax policy back to the 1980s, disrupted the governance of the financial system, and perpetuated a dishon
Gold rose on Friday and was set to end the week little changed as the sudden sacking of the head of the FBI in the United States stoked investor concerns and boosted demand for bullion, and the U.S. dollar and Treasury yields fell.
Oil prices settled slightly higher on Friday as lower U.S. crude inventories and increasing support for continued OPEC-led production cuts inspired hope that the global supply glut can be reduced.
‘Fairness’ budget gets poll boostThe Turnbull government has received a boost in support and voters have applauded its big tax increases and spending measures, accordin
The share market ended the day steady after early gains by the big four banks evaporated in afternoon trade, and miners fall on weaker iron ore futures.
The construction union and seven of its officials, including Joe McDonald and Mick Buchan, have incurred penalties totalling $277,000 for unlawful blockades of the Perth Children’s Hospital site.
The Australian share market has recovered from a poor start to close higher, but most of the big banks still face some pressure after the Turnbull government's budget announcement of a $6.2 billion levy.
Perth Lord Mayor Lisa Scaffidi has accused the premier and opposition leader of political interference in a legal process after they demanded her resignation over serious breaches of local government laws.
