Politics & the Economy

Urban no legend in Labor ranks

The state government is facing its first major personnel crisis, and the opposition is keen for a win.

Barnett to leave parliament next month

Former Premier Colin Barnett has called time on a nearly three decade parliamentary career, which included leading the Liberal Party to a surprise victory in 2008, and heading a government which increased social support spending and invested substantially in infrastructure.

Gold off 1-week high after strong US data

Gold has dipped slightly, easing off a one-week high as the US dollar rebounded following strong US retail sales data, while palladium rose to its highest since February 2001.

$A extends its gains against stronger $US

The Australian dollar has extended the gains it made on better-than-expected jobs figures to be higher still against a stronger US dollar.

Oil up slightly on pipeline outage support

Oil prices have risen almost one per cent after a pipeline outage in Britain continued to support prices despite data expecting a global crude surplus in the beginning of next year.

WA unemployment up 0.6%

Western Australia's unemployment rate rose to 6.6 per cent in November despite 8,500 jobs being created, while the national unemployment rate has remained unchanged even though the economy added far more jobs than expected in November.

$A almost half a cent higher against $US

The Australian dollar is almost half a US cent higher against the greenback which has weakened after the Federal Reserve raised its interest rate, as expected, but left its outlook unchanged.

Gold near 5-month low before Fed decision

Gold prices have hovered near their lowest in nearly five months as investors awaited an expected US interest rate increase and clues from the US Federal Reserve on its plans for further rises next year.

Oil slips on US petrol stockpile build

Oil prices have slipped for a second straight day, as a slump in US crude stockpiles was offset by a larger-than-forecast rise in petrol inventories and as US crude output continued to grow to record highs.

Rodwell to lead CCI

Australia’s former Trade Commissioner to Mexico, Central America and the Carribean Chris Rodwell will take the reins of the Chamber of Commerce and Industry of WA in February, as Deidre Willmott leaves the helm.

Gold falls to 5mth low ahead of Fed meet

Gold prices have retreated to a near five-month low as investors brace for a widely expected US interest rate increase this week and look for clues about further rises from the Federal Reserve.

Oil drops after rally on pipeline outage

Oil prices have fallen sharply, as traders take profits after prices surged early to a two-year high on an unplanned closure of the pipeline that carries the largest North Sea crude oil grade.

$A continues to climb against $US

The Australian dollar is higher against its US counterpart which itself has risen following strong economic data.

APPEA welcomes fracking reports

Most chemicals used in hydraulic fracking are not harmful, while precautions can be taken to prevent problems from those substances which are, according to a CSIRO report released today.

Gold steadies as traders await Fed meeting

Gold has steadied below $US1,250 an ounce after its biggest weekly drop in more than six months as markets anticipated an interest rate risee from the US Federal Reserve this week.

Oil rise on Forties Pipeline shutdown

Oil have risen, overcoming declines early in the session, after a North Sea pipeline shut for repairs and investors focused on commodities following an explosion in New York.

$A continues to creep higher against $US

The Australian dollar is a little higher against its US counterpart which has remain unchanged.

Deloitte calls economic turnaround

Western Australia’s economy is one year away from a return to normality, according to consultancy firm Deloitte Access Economics, with consumer confidence, exports and dwelling approvals data all pointing towards an upswing.

Contractors boost employee numbers as economy turns

SPECIAL REPORT: Data from the annual BNiQ Search Engine biggest employers list suggests an economic recovery is under way as mining and civil contractors boost their workforce numbers.

$US rise pushes gold lower

Gold prices prices hovered above a four-month low on Friday and were on track for their biggest weekly fall since May after progress on US tax reform fuelled optimism about the US economy and boosted the dollar.