Morning Headlines

Fortescue finds port space for magnetite but impasse on royalties

Gold climbs back toward six-year peak

Gold prices strengthened overnight, consolidating near the highest in more than six years as an intensifying US-China trade war threatened global economic growth.

Brent oil slumps on trade tensions

Oil prices fell more than one per cent overnight, with Brent crude settling near seven-month lows below $US60 a barrel as trade tensions between the US and China intensified worries about weakening global demand.

ASX suffers worst loss since October

Australia's share market has been hammered for a second straight day as it emerges as one of the biggest losers from the intensifying US-China trade war.

ASX dives at open after Wall St sell-off

The Australian share market has plummeted nearly three per cent at the open following significant losses on Wall Street overnight.

Gold soars 2% amid trade tensions

Gold surged 2.0 per cent overnight to its highest level in more than six years as a worsening US-China trade conflict prompted investors to dump riskier assets for safe havens, with a weaker US dollar supplying additional fuel for bullion's run.

Oil falls 3% amid dim demand outlook

Global oil benchmark Brent futures fell more than 3.0 per cent overnight on global growth concerns after US President Donald Trump last week threatened China with more tariffs, which could limit crude demand from the world's two biggest buyers.

Morning Headlines

BHP pegs Venus as nickel’s rising star

ASX drops 128 points in worst loss of 2019

The Australian share market has suffered its biggest loss since December 10, with every sector deep in the red after signs that China is striking back against the US in their escalating trade war.

Morning Headlines

Rio laments ‘lost decade in exploration’

Gold steadies as US dollar eases

Gold steadied on Friday in seesaw trade as the US dollar retreated on lacklustre US jobs data, putting bullion on course to notch its best week in six weeks following a surge of more than 2.0 per cent in the previous session as US-China trade relations soured further.

Oil gains about 3% on trade unease

Oil prices gained about 3.0 per cent on Friday a day after recording their biggest daily drop in several years on US President Donald Trump's vow to impose more tariffs on Chinese imports.

ASX falls, gold rises on Trump's tweets

US President Donald Trump has sent markets around the world into turmoil with tweets threatening to raise tariffs on China - although Australia's share market emerged less scathed than others, helped by a surge in gold stocks.

Western suburbs hit by large power outage

Around 38,000 homes in the western suburbs and Fremantle area have been left without power for hours, after a widespread outage hit much of the area this morning.

Australian bond yields sink to record lows

Australian bond yields suffered their biggest one day fall in more than three years, hitting fresh all-time lows as investors flocked to them on US President Donald Trump's threat to impose higher tariffs on China.

Oil slumps on new US China tariffs threat

Oil prices plummeted more than seven per cent overnight, with the US benchmark posting its worst day in more than four years after President Donald Trump said he would impose additional tariffs Chinese imports starting on September 1.

Morning Headlines

Retail recession causes $437m write-down of DJs

Gold up nearly 2% on US-China trade fears

Gold rose nearly two per cent overnight after US President Donald Trump said he would impose additional tariffs on Chinese imports, renewing trade tensions between the two countries and dragging the US dollar down from two-year highs, sending bond yields lower.

ASX falls and Aussie hits 10-year low

The Aussie dollar has sunk to its lowest level against its US counterpart in a decade, and the Australian sharemarket has also finished lower, after the US Federal Reserve said its interest rate cut is unlikely to be the first of many.

Morning Headlines

Roe 8 to roll without toll: Libs The State’s shadow treasurer says a Liberal government could build the controversial Roe Highway extension without slapping a toll on trucks. The West

Gold falls as Fed rate outlook disappoints

Gold prices fell overnight after the US Federal Reserve cut interest rates for the first time since 2008, as markets priced in the move and a lack of dovish outlook failed to cheer investors.