Politics & the Economy

Reserve Bank holds cash rate at 1.5%

Reserve Bank Governor Philip Lowe says wages growth has finally "picked up a little" as the central bank left the cash rate unchanged at 1.5 per cent for the 25th month in a row.

Currency crises counted in dollars and sense

For every winner there’s a loser, and so it will be the case if the $A continues its downward trajectory.

Gold edges lower as trade tensions weigh

Gold prices eased slightly after the US dollar held near a one-week high on worries over an escalation in trade conflicts between the United States and other countries.

Oil price up as US sanctions loom for Iran

Oil prices have risen, supported by concerns that falling Iranian output will tighten markets once US sanctions bite from November, but gains were limited by higher supply from OPEC and the United States.

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Retail spend stalls as house prices take hit

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Savings savaged by bank squeeze

Wall St mixed as US-Canada trade talks end

The S&P 500 ended flat on Friday while the Dow edged down and the Nasdaq closed higher in light trading as Canada and the US concluded trade talks without resolution ahead of the Labor Day weekend.

Oil prices slip amid trade war worries

Oil prices have slipped, pressured by renewed concerns that a global trade war could dent energy demand, although impending US sanctions on Iran and falling Venezuelan output limited the decline.

Wall St rally ends on rising tariff fears

US stocks have ended their four-day winning streak as risk reduction ahead of the long holiday weekend accelerated on growing trade anxieties.

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Capex darkens RBA’s rosy outlook for the economy

Crude oil rises amid sanction concerns

Oil prices rose on Thursday to the highest in more than a month, extending gains on growing evidence of disruptions to crude supply from Iran and Venezuela and after a fall in US inventories.

Corrupt WA shire CEO ensured partner's job

The chief executive of a West Australian shire acted corruptly when he ensured his partner became the strategic planning manager and increased her salary by $24,000 over four years, a report has revealed.

Oil rises as US stocks, Iran exports fall

Oil prices have risen more than one per cent, with Brent at its highest in seven weeks and US crude touching a three-week peak, supported by a drawdown in US crude and petrol stocks and reduced Iranian crude shipments as US sanctions deter buyers.

US shares extend rally, tech leads S&P

US stocks have extended their rally with the S&P 500 and the Nasdaq hitting record highs for the fourth straight session as technology companies pushed indexes higher and promising trade negotiations stoked investor sentiment.

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Rates on the rise: Westpac takes first shot with interest hike

Porter rules out bid for Bishop's WA seat

Attorney-General Christian Porter has ruled out running for the seat of Curtin if Julie Bishop decides to quit, saying the marginal seat of Pearce is his community.

Shorten pledges GST ‘unity ticket’

Opposition leader Bill Shorten has promised Western Australia a legislated floor in GST payments, saying Labor is on a unity ticket with the Coalition to deliver a fairer carve-up.

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Warrington in $170m William Square exit

S&P, Nasdaq at highs on US-Mexico deal

US stock indexes have risen, with the benchmark S&P 500 and the Nasdaq indexes hitting fresh all-time highs, as a trade agreement between the United States and Mexico calmed fears of a global trade war.

Oil prices dip on profit-taking

Oil prices have slipped as some investors take profits on recent strong gains, but losses were limited the day after a US-Mexico trade agreement eased worries about tensions between the two countries.

Investec picked for Landgate privatisation

The state government has chosen Investec to advise on the partial privatisation of Landgate, a day after the agency's Victorian equivalent sold for $2.9 billion.