News

Construction firm CIMIC Group has booked a net profit for the first six months of its fiscal year of $265.2 million - up 3.1 per cent on the result a year earlier.

The Australian share market has run out of steam to close lower after eight straight sessions of gains.

As part of its series of interviews with top WA business leaders, Business News joined Broadspectrum chairman and Wesfarmers board member Diane Smith-Gander for lunch at the newly opened Julio’s restaurant in West Perth. A champion of gender equity, Ms Smith-Gander shared her thoughts on topics including the WA economy, her use of Twitter, and work-life balance.

After eight straight sessions of gains, the Australian share market has opened flat, with a mixed performance by the big banks and miners.

Oil prices have settled more than one per cent lower after rising stockpiles of crude and refined fuel intensified fears another major glut was building up.

Gold has fallen as much as one per cent as Wall Street hovered near record highs and investor jitters calmed following a failed coup attempt in Turkey.

Wall Street has closed slightly higher to mint new record highs for the S&P 500 and the Dow industrials, fuelled by Bank of America's better-than-expected profit and a major tech sector acquisition.

The Australian dollar is treading water as traders await the Reserve Bank's monthly board meeting minutes.

MUA faces $10m claim after bogus safety ployThe Maritime Union of Australia is facing a $10 million damages claim after the Federal Court found the union

PHOTO ESSAY: Business News photographer Attila Csaszar captured images of some of WA's business and political leaders at their workstations.

Indian businessman Pankaj Oswal admits he benefited from some payments using Australian fertiliser company money, a court has heard.

The Australian share market has opened higher.

Oil prices have extended gains after Turkey's armed forces said they'd taken power in the country, igniting concerns about potential disruptions to shipments along one of the world's busiest shipping routes.

Gold has fallen on improving global risk sentiment and a stronger US dollar after better-than-expected US data.

The Australian dollar has reversed gains made after a short-lived spike sparked by a flurry of strong Chinese economic data.

PM bends to revolt over superA rebellion within the federal Coalition over new superannuation rules has emboldened key crossbench senators to signal their own hostility to

Expectations of more economic stimulus from central banks and better-than-expected Chinese economic growth figures have helped lift the Australian share market to its highest level in 11 months.

The Australian share market has opened higher.

The Australian dollar has held onto gains driven by official June jobs report.

Financial stocks have led the S&P 500 and the Dow industrials to record highs after JPMorgan's strong quarterly results, while upbeat economic data cemented bets that the current rally on Wall Street can chug along.

Oil prices have risen close to two per cent as traders cover short positions a day after crude futures were hammered by data showing weak US fuel demand in a busy summer driving season that heightened fears about a global oil glut.

Super changes misguided: SmithFormer ANZ chief executive Mike Smith has rounded on the Turnbull government’s superannuat

The share market has closed higher for a sixth straight session as investors see better value in the equity market than in bonds.

The Australian share market is up for a sixth straight day, supported by retail and financial companies, plus biotech giant CSL.

Gold has risen one per cent, recovering from its lowest in nearly two weeks, as prospects for further economic stimulus helped to bolster investor appetite while the US dollar remain flat.

US stocks have ticked up, just enough for the S&P 500 and Dow industrials to set record highs, with investors expecting upbeat earnings to keep the rally going.

The Australian dollar is slightly higher on the back of mixed Chinese trade data and ahead of the release of Australia's official June jobs report.

Turnbull holds AAA line on ‘solid’ budget forecastsPrime Minister Malcolm Turnbull has dismissed fears that a sudden slump in government revenue would tri

The Australian share market has closed moderately higher, and is up for the fifth straight session, as concerns over Brexit ease, but investors are cautious.

The Australian share market has opened higher.

Oil prices have surged five per cent, as investors' covering of short positions and a technical rebound helps lift the market from two-month lows, before dropping back.

Gold has seen its biggest one-day fall in three weeks as global equities rallied on easing political uncertainty in Britain and hopes for more economic stimulus, which in turn curbed demand for assets perceived as safe havens.