ASX holds winning streak as miners drop

The Australian share market has finished up slightly, with a lifting in healthcare and consumer discretionary shares outweighing losses for the mining sector.

ASX opens lower amid losses for big miners

The Australian share market has opened lower after the heavyweight mining sector started the day in firmly negative territory.

Gold hovers near $US1,500 an ounce

Gold prices steadied on Friday, on course for their best week in over three years, as interest rate cut-inclined central banks, escalating US-China trade tensions and negative debt yields around the globe kept prices close to $US1,500 per ounce.

Oil rises on European stock draw

Oil prices rose more than $US1 a barrel on Friday, supported by a drop in European inventories and OPEC output cuts despite the International Energy Agency reporting demand growth at its lowest since the financial crisis of 2008.

Morning Headlines

Opening salvo in battle for subs jobs

ASX gains but week was worst this year

The Australian share market has finished with modest gains to close out its worst week since November.

Lumsden replacement named at City of Perth

Local Government Minister David Templeman today named Andrew Hammond as City of Perth's new chair comissioner, replacing outgoing chair Eric Lumsden.

Thick to chair Chamber of Arts and Culture

The Chamber of Arts and Culture WA has announced a new chairperson and the departure of Janet Holmes a Court from its board.

Gold dips as stock markets recover

Gold edged down overnight as stock markets recovered, the US dollar strengthened and traders locked in profits after bullion surged past $US1,500 to a more than six-year high in the previous session.

Oil up on expectations of more OPEC cuts

Oil jumped more than two per cent overnight on expectations that falling prices could lead to production cuts, coupled with a steadying of the yuan currency after a week of turmoil spurred by an escalation in US-China trade tensions.

Morning Headlines

Mackenzie on why BHP must speak up

ASX bounces back as miners rise

The Australian share market has risen for a second day as US-China trade tensions eased and Chinese trade data beat expectations.

ACCC takes HealthEngine to court

The ACCC has instituted federal court proceedings against HealthEngine, accusing the WA-based health service of misleading and deceptive conduct.

Margaret River wineries recognised at Halliday awards

Cullen Wines, Domaine Naturaliste and Stella Bella Wines were among the winners at last night's Halliday awards.

ASX opens lower as all sectors drop

The Australian share market has opened lower as the heavyweight financial sector fell almost one per cent.

Morning Headlines

A vow to stay cutting edge

Oil prices dive after US stocks build

Oil prices tumbled nearly five per cent overnight after an unexpected build in US crude stockpiles and on fears of slowing demand but halved their losses in post-settlement trade on talk that Saudi Arabia was mulling options to halt crude's descent.

Gold breaches $US1,500 an ounce ceiling

Gold soared more than two per cent overnight to breach the $US1,500 ceiling for the first time in more than six years as investors rushed to safe havens, spooked by a host of uncertainties including US-China trade and a slowing global economy.

ASX gains after NZ cuts interest rates

The Australian share market has closed higher following two days of monster losses after being thrown a lifeline by central bankers across the Tasman.

Chaney says corporate sector has lessons for school leaders

The attributes needed to build a good working relationship are the same in school settings as they are in business, says Wesfarmers chairman Michael Chaney.

ASX up slightly as CBA slides on results

The Australian share market has moved modestly higher, led by consumer stocks, following two days of monster losses.