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Politics & the Economy

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.

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.

Morning Headlines

Employers face $8b back pay bill for casuals

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.

State government talks up strata reform, Metronet

The state government is negotiating with the Liberal and National parties to facilitate the upper house passing its proposed strata reform legislation.

Morrison satisfied no gender bullying in Lib spill

Scott Morrison is "absolutely satisfied" none of his MPs were bullied because of their gender during the recent leadership spill.

Morning Headlines

WA tipped to arrest retail spending slide

Oil up over 2% on concerns over Iran

Oil prices rose more than two per cent as US sanctions squeezed Iranian crude exports and after US crude oil production in 2019 was forecast to grow at a slower rate than previously expected, prompting supply concerns.

Wall St flat, tech gain softens trade fear

US stocks have started the day with little change as gains in technology stocks helped the Nasdaq regain footing and curbed losses in the materials and industrials sectors after fears of an escalation in the Sino-US trade spat.

Business conditions strengthen in August

Australian business conditions rebounded in August as firms reported improved sales and profits, a new survey shows.

GST reform to stay on agenda – Morrison

Prime Minister Scott Morrison has guaranteed his government will deliver the GST distribution solution promised under Malcolm Turnbull's leadership before the next election, and will even consider legislation if necessary.

Morning Headlines

PM’s future hinges on female bid

Wall St up as tax hope tempers trade fear

US stock indexes have opened higher, boosted by the consumer discretionary sector, while hopes for a new round of tax cuts overshadowed fears of an escalation in the Sino-US trade war.

Oil prices steady as equity markets weigh

Oil prices are steady, with US crude slipping on weak global equity markets while Brent inched up on geopolitical factors, including violent protests in Iraq.

Wall St drops amid tariff worries

Wall Street's major indexes have fallen as US President Donald Trump raised the possibility of additional tariffs on Chinese imports and Apple Inc indicated that some of its products could be subjected to such levies.

Morning Headlines

China trade war threat ratchets up

McGowan’s federal challenge

Opinion: A federal Labor government would change the political dynamic between Canberra and WA for the better, but all relationships need careful management.

Trade jitters, tech woes weigh on Wall St

The S&P 500 and Nasdaq declined as the possibility of more US tariffs on Chinese imports loomed, while tech stocks stumbled, led by chipmakers and concerns about increased regulation of social media companies.

Crude pulls back on rising US stockpiles

Crude futures have reversed course, falling more than one per cent after US data showed petrol inventories rose unexpectedly last week, overshadowing a bullish drawdown in crude.

Morning Headlines

WA sheep exports to resume

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