Latest Headlines

US Fed drives Australian stocks lower

The Australian share market is trading lower after US stocks dropped in late trade following the US Federal Reserve's first interest rate hike for the year.

Morning Headlines

$30b in WA projects rest on tax

$A hits rallies after US rate hike

The Australian dollar has rallied almost one US cent, after the US Federal Reserve raised its interest rate for the first time this year and paved the way for more rate hikes later this year.

Oil hits six-week high on inventory data

Oil prices hit a six-week high on Wednesday, closing in on a three-year peak set in late January, on a surprise decline in US inventories, strong compliance on OPEC production cuts, and persistent con

Gold up after Fed flags fewer rate hikes

Gold rose more than one per cent from a three-week low after the US Federal Reserve increased interest rates and forecast at least two more hikes for 2018, falling short of the three more increases ma

Aust shares edge higher in muted trade

The Australian share market closed higher on a day of light trading volumes ahead of a decision on interest rates by the US Federal Reserve.

Rideshare market heats up

Five ridesharing operators have launched in WA during the past year, each bringing something different to the table.

Step forward for Barossa gas project

Plans to use the Barossa gas field in the Timor Sea as backfill for the Darwin LNG plant received a boost today, with the project getting a tick of approval from the National Offshore Petroleum Safety Authority.

Strengthening business ties

Two new business groups plan to strengthen Western Australia’s economic links with innovative overseas economies, with the Swedish Australian Chamber of Commerce and WA Singapore Business Connect opening Perth chapters.

Tourism Council backs new plan

The tourism industry has thrown its support behind the government’s new two-year plan to increase visitation to Western Australia, but says the plan needs to be backed with the right leadership, skills and financial resources.

Labour leads mine cost concerns

Cost pressures are starting to return to the mining sector, according to BHP Billiton WA Iron Ore boss Edgar Basto, as the company continues preliminary work with potential contractors ahead of a decision on the South Flank development in the next few months.

EPA approves Kimberley irrigation plan

The environmental watchdog has recommended approval of the first stage of China-backed Kimberley Agricultural Investment’s Carlton Plain project, which comprises a 3,000-hectare irrigated development north-west of Kununarra.

Pindan reassures contractors

Construction group Pindan said today it planned to make full payments to all sub-contractors by the end of this week, after co-founders George Allingame and David Pringle complete the sale of several

WA job ads hit 2.5-year high

Online job advertising is growing at its fastest rate in 2.5 years in Western Australia, with the latest figures showing a 14.8 per cent surge in ads over the past 12 months.

Home broadband getting cheaper, says ACCC

Internet plans over the national broadband network are getting cheaper, a new report says, despite recent criticism from retailers that their NBN costs are too high.

James Packer quits Crown Resorts board

Billionaire James Packer has quit the board of casinos operator Crown Resorts because he is suffering from mental health issues.

Myer 'failures' slammed after $476m loss

Myer's executive chairman has issued a damning indictment of the department store chain's performance under ex-chief executive Richard Umbers after it slumped to a $476.2 million first-half loss.

US gains, oil surge lift Aust share market

Australian shares have opened comfortably higher after a strong surge in oil prices gave energy stocks and the major US stocks indexes a boost.

Morning Headlines

Company tax cut deal edges closer

$A follows metals prices lower

The Australian dollar is back below 77 US cents, under pressure from falling metals prices, amid market caution about higher US interest rates and worries about a possible trade war.

Oil prices rise to three-week high

Oil prices have climbed to their highest level in three weeks as tension in the Middle East and the possibility of further falls in Venezuelan output helped offset the impact of growing US crude produ

Gold fall ahead of US rate decision

Gold prices fell on Tuesday as the US dollar strengthened ahead of a Federal Reserve meeting at which the US central bank is expected to raise interest rates for the first time this year.

Labor workplace shake up on horizon

Domestic violence leave and a capacity for court-made equal remuneration orders look more likely after an interim report of the state government’s industrial relations review recommended some significant changes to the current workplace relations system.

Robert Kennedy passes away

Company director Robert (Bob) Kennedy, who was a director or chairman of four ASX-listed companies, has passed away after a short illness.

Share market pulled lower by miners

The Australian share market has dropped following soft leads from overseas markets and a fall in iron ore prices.

Watpac secures $21m highway contract

The local arm of Watpac has been awarded a $21 million contract for the construction of a bypass on the Great Northern Highway at Miling in the state’s Wheatbelt region.

Segnut keeps wheels turning

A local business offering the potential to reduce maintenance downtime in the mining and related industries has secured a national distributor for its fast-release nut design.

Smart tech to shape future builds

Local builder Gemmill Homes is aiming to gain a larger share in the residential market by leveraging the latest in automation technology.

Riverton Coles sells for $32m

A private interstate investor has purchased the Coles complex in Riverton, which includes a supermarket, a First Choice Liquor, a TAB and a 300-bay carpark, for $32 million.