Popular Northbridge bar in limbo

The future of the Perth Cultural Centre’s Picabar has been placed in doubt, after its operators disclosed their lease had been terminated by the state government, which has transferred management of the precinct to the Perth Theatre Trust.

ASX lifts on miners, healthcare rally

A rally from the healthcare and materials sectors has pushed the Australian share market to a higher close despite weakness in overseas markets.

Holmes a Court, Perron at odds over art

Art Gallery of WA chair Janet Holmes a Court has gone head to head with Perron Group over the planned relocation of an artwork in the foyer of the Central Park office tower.

ASX defies gloomy outlook in opening jump

The Australian share market has defied predictions of doom and gloom to climb at the start of a new trading week, with the heavyweight mining and banking sectors eking out early gains and healthcare stocks up by nearly three per cent.

US stocks end lower as tech stocks tumble

The S&P 500 has ended at its lowest level since early May after technology and internet shares sold off further, capping a volatile week that confirmed a correction for the Nasdaq.

Morning Headlines

Morrison to boost small end of town

Gold up again as investors seek safe haven

Gold has risen to a more than three-month peak as investors rushed to the safety of bullion as stock markets around the globe plunged, putting the metal on track for its fourth week of gains.

Oil jumps, but still down over three weeks

Oil prices have risen, supported by expectations that sanctions on Iran would tighten global supplies, but futures posted a weekly drop as a slump in stock markets and concerns about trade wars clouded the fuel demand outlook.

Collapsed WA jetty inquiry due next month

An independent inquiry into the partial collapse of a 112-year-old jetty on tourist hotspot Rottnest Island will be completed next month.

Late rally from banks and miners lifts ASX

The Australian share market has pulled itself off the canvas and finished slightly higher after a choppy day's trading and despite the US futures markets looking ominous.

Gold dips on strong dollar, stock rebound

Gold prices fell on a strong dollar and a rebound of stocks following a multi-day sell-off globally, taking steam out of bullion's momentum.

Oil settles higher as stock markets gain

Oil prices rose overnight, following the US stock market higher a day after Wall Street's biggest drop since 2011, and as Saudi Arabia's energy minister signalled major producers may have to intervene in crude markets to support prices.

Wall St rebounds after upbeat earnings

US stocks have jumped, giving the Nasdaq its biggest daily gain since March, as Microsoft's upbeat earnings spurred a rebound in technology names and investors snapped up oversold shares.

Wounded ASX bounces with early gains

The Australian share market has bounced after faceplanting at a new 12-month low but broad gains at the open, with banks and healthcare the best performers, were quickly pared back.

Morning Headlines

Super hit in $50bn plunge

ASX haemorrhages, down nearly 3%

The Australian share market has tumbled to its lowest level in 12 months, with the indices suffering significant losses across the board after a dive on Wall Street overnight.

Bloodbath on the ASX as market plunges

It was a bloodbath for Australian shares at the open as the market plummeted to a new 12-month low, following a dive on Wall Street overnight amid a cocktail of disappointing economic and trade news.

Morning Headlines

Future Fund selling $850m in assets

Energy and resources shares drag on ASX

The Australian share market's weak October trend has continued with lower commodity prices weighing on the indices.

Energy and resources shares keep ASX flat

If it relies on something coming out of the ground, it's likely to be weighing on the Australian share market, with local gold miners one of the few commodity-based positives for a flat ASX at noon.

Gold hits three-month high as stocks dip

Gold rose by a percentage point overnight to its highest level in over three months as the dollar weakened and global stock markets tumbled, with rising political and economic uncertainties adding to bullion's appeal.