Gold has held steady at near two and a half month highs as dollar weakness offset improved risk appetite among investors, reflected in recovering global stock markets.
Oil prices have edged up in cautious trade as expectations of higher US shale output and inventories vied with worries that crude supply from the Middle East could be disrupted by looming US sanctions on Iran and growing tensions with top exporter Saudi Arabia.
Stocks across the world have bounced back, supported by strong earnings results and expectations, while oil prices rose as evidence of higher US production was overshadowed by concerns about supply from Iran and Saudi Arabia.
Alinta has received regulatory approval to build a transmission line linking the Roy Hill mine to Fortescue's Cloudbreak and Christmas Creek mines, a move that would enable the iron ore miner to continue its shift away from diesel power.
The state government has today announced the appointment of chief scientist Peter Klinken as chair of both Lotterywest and Healthway, continuing the gradual integration of the two organisations.
A new Housing Industry Association report has again labelled Perth as the most affordable capital city in Australia, but says WA's first home buyers grant is not having the desired effect.
White Cliff Minerals has announced plans to raise up to $2.3 million to fund exploration at the company's gold deposit in Central Asia and across its Western Australian assets.
WAMMCO has signed on Queensland-based ReNu Energy to build a 3.1-megawatt bioenergy and solar facility at the sheep meat producer's Katanning abattoir.
Big miner Rio Tinto said its third-quarter iron ore shipments have fallen about five per cent, hurt by planned maintenance and safety pauses across all operations following a fatality.
The prospects of a GST overhaul have been given a boost today, after the federal government said the proposed legislation would include safeguards to ensure every jurisdiction will be in a better financial position over a set period.
The banking and resources sectors are recovering after a day on the slide, with the heavyweight stocks lifting Australian shares at the open and away from a six-month low.
US stocks have fallen at the open as an increase in tensions between Western powers and Saudi Arabia added to worries over rising borrowing costs and the impact of tariffs, following the main three indexes' biggest weekly declines in over seven months.
Oil prices have steadied, supported by geopolitical tension over the disappearance of a Saudi journalist that has stoked worries about supplies from the world's top crude exporter, but weighed by concern over long-term demand outlook.c
Gold has risen to its highest level in two and a half months as a slide in global stock markets, exacerbated by mounting tensions between Western powers and Saudi Arabia, forced investors to find safety and unwind some bearish bets in the metal.
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The state government is planning to restrict new residential developments in the west end of Port Hedland while also implementing a new regulatory framework for air quality in the town, which is located adjacent to large iron ore stockpiles.
Overseas weakness has proven to be a drag on the Australian share market, with the benchmark index falling to a six-month low led by losses in banking and mining stocks.
Shares in Orbital Corporation jumped 16 per cent today, after the local tech company announced a contract extension with multinational The Boeing Company and provided revenue guidance of $24 million for the 2019 financial year.
