Oil prices has settled below $US50, marking their biggest weekly loss in six weeks, on concerns OPEC will not fully carry out a planned output cut, even as data showed US oil drillers removed rigs from production for the first time since June.
Gold has risen one per cent to the highest level in nearly four weeks, extending gains late in the session after the FBI said it will further investigate Democratic presidential candidate Hillary Clinton's use of a private email system.
Young generation needs to make avocado on toast, not eat itYoung Australians shouldn't be eating smashed avocado on toast, they should be making it, according to a recent
Chevron has blamed problems at one of its overseas suppliers and inadequate planning for a $US5 billion ($A6.6 billion) blowout in the cost of its Wheatstone liquefied natural gas (LNG) project.
In this Business News podcast, Mark Pownall and Dan Wilkie discuss WA's economy, Kidman, Alinta, Tox Free, Paul Blackburne, Perth airport and WA's arts and cultural industry.
An ambitious waste recycling project using technology developed by ASX-listed AnaeCo and jointly built by contactor Monadelphous Group has gone into administration.
Australia is often favourably referred to as the lucky country, although many who use the term misunderstand the irony intended when Donald Horne first coined the phrase in his 1964 book, The Lucky Country.
Aspiring lithium miner Pilbara Minerals has agreed to purchase Roy Hill Holdings' dormant 300-person camp facility for use at its Pilgangoora project for an undisclosed sum.
Diversified investment and development company CFC Group has combined its mining services and infrastructure businesses to form a single subsidiary, in response to the tough mining environment.
Macquarie Group managing director Nicholas Moore says the investment bank is on track to broadly match last year's record $2.06 billion profit despite a 2 per cent slip in half-year profit.
More than $1 billion has been wiped off AMP's market capitalisation after the wealth manager announced a $668 million impairment due to ‘constant deterioration' in the insurance market.
The state government has officially hired Broadspectrum to provide security and custodial services to Western Australia from next year, under a $235.8 million contract previously held by Serco.
Perth-based explorer Bannerman Resources has tapped investors for $4 million to fund an engineering program to help reduce cost estimates at its $US793 million Etango uranium project in Africa.
Lions Eye Institute founder Ian Constable has been recognised by the University of Western Australia which will name a new senior academic role after him.
Carnegie Wave Energy has topped Techboard's startup ranking this fortnight, following the announcement of its acquisition of fellow cleantech Energy Made Clean (ranked second) for $13 million earlier this week.
The all-Australian consortium competing for the Kidman cattle empire has withdrawn its bid, after the target's board unanimously recommended Hancock Group-Shanghai CRED's revised $386.5 million offer yesterday.
The Australian share market is higher in early trade with gains in mining and energy stocks and a boost from Woolworths, which reported positive first-quarter sales growth.
Oil has settled higher, as commitments from Gulf OPEC members to cut production assuaged some lingering doubts in the market about cooperation from other producers.
Gold is little changed, pressured by a persistently strong US dollar as the market awaits more signs about the timing of an expected US interest rate rise from the Federal Reserve.
PPL deal likely as heat on NXT over tax cutsThe business community has joined the government in pressuring the Nick Xenophon Team to pass company tax cuts and budget savin
Saracen Mineral Holdings managing director Raleigh Finlayson has told today's WA Mining Club lunch that local mid-tier gold miners had squandered a share price premium during the boom years, but had since built up a strong case to trade at above underlying value.
Gina Rinehart and Shanghai CRED's joint venture has proposed a counter-bid to that of the all-Australian consortium competing for the Kidman cattle empire, and says Hancock Prospecting would wholly acquire the target if foreign investment approvals aren't awarded.
Reiwa members reported a decrease in weekly sales to 604 this week. The overall 4 per cent decrease in sales over the week is attributed to a 6 per cent decrease in sales for houses. Sales for units remained stable, while vacant land sales experienced an increase of 14 per cent.
The big four banks and AMP are likely to refund at least $178 million to more than 200,000 customers who did not receive financial advice for which they were charged.
