Politics & the Economy

Gold price fades as US dollar gets a boost

Gold prices turned negative as the US dollar strengthened following news that China would retaliate against a new round of tariffs on its goods.

Oil rises on signs OPEC won't boost output

Oil futures rose more than one per cent on signs that OPEC would not be prepared to raise output to address shrinking supplies from Iran, and as Saudi Arabia signaled an informal target near current levels.

Wall St bounces back as trade fears ease

Wall Street has rebounded in a broad-based rally as investors brushed aside intensifying trade rhetoric between the United States and China.

Morning Headlines

Australia to lose from trade battle

Morning Headlines

Aged care stocks take a battering

Gold up on softer dollar, short-covering

A softer dollar and short-covering has lifted gold after two sessions of declines, but investors braced for more US-China trade tensions, with some buying bullion as a safe haven.

Oil price flat amid US-China tensions

Oil prices were little changed as the market weighed deepening trade tension between the US and China that is expected to dent global crude demand and potential supply tightening due to Iran sanctions.

Wall St slides ahead of tariff statement

US stocks have fallen, led by declines in technology and consumer discretionary stocks as investors looked to President Donald Trump's announcement regarding tariffs on $US200 billion of Chinese imports.

Morning Headlines

Aged care probe to be ‘bruising’

Wall St near flat, but financials climb

US stocks have ended little changed as financials rose with bond yields, while news that President Donald Trump instructed aides to proceed with tariffs on about $US200 billion of Chinese products limited gains.

Oil price mixed amid US-China tariff talk

Oil prices pulled back on concerns additional US tariffs would be placed on Chinese imports, after an earlier rally triggered by worries that more sanctions on Iran might constrict supply.

Gold turns negative as tariff war rolls on

Gold turned negative as the US dollar rose against the Chinese yuan after US President Donald Trump reportedly told aides to proceed with tariffs on Chinese imports.

Six WA prison guards face corruption probe

Six female prison officers, who either quit or were sacked from Acacia Prison in Wooroloo WA for having "inappropriate relationships" with inmates, have been referred to the Western Australian Corruption and Crime Commission.

Morning Headlines

Court puts cloud over Kidman’s lithium mine

Oil suffers steepest drop in a month

Oil prices have fallen more than two per cent, with Brent slipping back from four-month highs as investors focused on the risk that emerging market crises and trade disputes could dent demand even as supply tightens.

Wall St up on tech rebound, trade relief

US stocks have risen as Apple led a rebound in technology shares and as trade worries eased after China said it was open to fresh talks with the United States.

Unemployment steady in the west

Western Australia’s unemployment was steady in August at 6.2 per cent in trend terms, despite a small rise in the number of people employed, although the level was much lower for women than men.

Morning Headlines

Employers face $8b back pay bill for casuals

Brent crude reaches $US80 a barrel

Oil futures have risen, with Brent reaching $US80 a barrel, after a larger-than-expected drop in US crude inventories and as US sanctions on Iran added to concerns over global oil supply

Tech stocks weigh, energy pares losses

The benchmark S&P 500 and the Dow Jones Industrial Average opened flat as gains in energy companies helped offset a slide in technology stocks, which weighed on the Nasdaq.

Searle resigns from Dept of Communities

Department of Communities director general Graham Searle has resigned from the role, with the decision believed to be due to illness.