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Pedal to metal at gold mines

Oil dips 8% despite talk of output cut

Oil prices have slumped up to nearly eight per cent to the lowest in more than a year, posting the seventh consecutive weekly loss, amid intensifying fears of a supply glut even as major producers consider cutting output.

Gold dips as global growth fears boost $US

Gold prices have slipped as investors banked on the safety of the dollar over worries about a slowdown in the global economy, exacerbated by a sharp decline in oil prices.

Wall St drops, S&P confirms correction

US stocks have closed lower in a shortened post-holiday trading session as the energy sector tumbled on continued weakness in oil prices, and the benchmark S&P 500 confirmed its second correction of 2018.

Banking, energy stocks lift ASX

The Thanksgiving holiday in the US led to a stagnant day of trading on the Australian share market, where banking and energy stocks recouped value and lifted the indices higher.

Study finds Perth rates for job opportunities

Perth is one of the best cities in the world to find a job in 2018, a new study has found.

ASX edges lower as miners and energy drag

The Australian share market has edged lower during volatile early trade, dragged down by the miners and energy stocks but lifted by retailers and consumer stocks.

Oil prices fall on rising US inventories

Oil prices dipped overnight after US inventories swelled to their highest level since December adding to concerns about a global crude glut but OPEC talk of an output cut limited losses.

Gold firms as $US dips on Fed rate doubts

Gold firmed near two-week highs overnight as the dollar weakened on doubts about the pace of future US interest rate hikes.

Morning Headlines

ALP to make big polluters pay

Echo appoints Rajasooriar as CEO

Junior gold miner Echo Resources has appointed former Eastern Goldfields chief executive Victor Rajasooriar as its new leader, effective today, after former chief executive Simon Coxhell resigned in October.

Heavyweights lead Aust market recovery

The Australian share market has pushed off from the depths of recent lows and closed higher for the first time this week due to broad-based gains to the indices' major sectors.

Donovan tapped as Water Corp CEO

Former ATCO Gas Australia president Pat Donovan has been announced as the new chief executive of the Water Corporation, replacing Sue Murphy after a 10-year tenure.

Reiwa tips flat property market

Perth house prices and sales volumes are unlikely to improve significantly next year but rental rates could increase, according to the Real Estate Institute of Western Australia.

Heavyweights lead ASX recovery at the open

Australian shares have opened higher thanks to gains for the heavyweight sectors, with the big miners a particular lift for the bourse in early trade.

Gold up on soft dollar, rates uncertainty

Gold prices have risen to a two-week high as the dollar slipped, with uncertainty on the pace of interest rate hikes by the US Federal Reserve also supporting the metal.

Oil rebounds but glut worries persist

Oil prices rose about $US1 a barrel a barrel overnight, bouncing from the lowest levels in months, after US government data showed strong demand for refined fuel, but concerns remained over rising global crude supply.

Wall St ends mixed but energy, tech rally

The S&P 500 ended higher after a brutal two-day sell-off, led by a rebound in energy and technology shares, but the market faltered toward the session's end as Apple shares surrendered gains ahead of the Thanksgiving holiday.

Morning Headlines

Time to pay up, Morrison tells big business

Banks lead late recovery to limit ASX fall

A late rally from banking and health care helped lift the Australian share market off a near two-year low but commodity-related stocks and tech shares weighed heavily.

Willis appointed acting CEO of Millennium

Perth-based Steve Willis has been appointed acting chief executive of Millennium Services Group after his predecessor, Craig Hanley, became the sixth director to leave the national security and cleaning company over the past two months.

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