The Australian share market is higher with investors hunting yields and bargains as global bond yields rise on the back of firming US interest rate hike expectations.
Gold has fallen to a five-and-a-half-month low, giving up earlier gains as the US dollar index tapped a 13-and-a-half-year high on strong US economic data and comments by US Federal Reserve Chair Janet Yellen that bolstered the case for raising its interest rate in December.
Oil prices have settled slightly lower, before falling as much as one per cent in the after-market session as a stronger US dollar outweighs expectations of an OPEC deal to limit production.
The benchmark S&P 500 index rose to within a hair of its record high on Thursday as bank stocks got a boost from bets on higher interest rates and consumer discretionary stocks were helped by economic data and earnings.
Millions lost via dodgy trusts, says Tax OfficeJust a handful of dodgy tax structures being used by Australians cost tens of millions of dollars in lost revenue, according
Dairy producer Brownes has become the first local company to manufacture yoghurt pouches as part of an ambitious plan to usurp Yoplait as Western Australia's highest selling yoghurt maker.
The WACA has revealed the nine-figure number it has asked the state government to contribute for a proposed $207 million redevelopment of the East Perth cricket ground.
Global miner BHP Billiton says it has no clarity over the timing of a potential restart at its Samarco joint venture operation in Brazil, underlining the continuing uncertainty over the business that was hit by a fatal dam disaster last November.
The Australian share market has held onto a slim gain as investors wonder how the US political landscape will change under Donald Trump when he assumes the presidency.
Members reported a decrease in weekly sales to 564 this week. The overall 16 per cent decrease in sales over the week is attributed to a 17 per cent decrease in sales for both houses and units.
ANALYSIS: Green shoots are popping up in WA as improved conditions for iron ore and gold, and strong prospects for the upcoming crop harvest, offer sources for optimism.
Local companies have shared in $35.6 million worth of construction and building contracts for work around the state, including the Perth-based civil and mining division of Watpac Group, which has won a $7.1 million contract for road upgrades at Kalbarri National Park.
Technology company DTI Group has announced plans to raise $11.6 million from investors to bolster its balance sheet and fund development of its products.
Global miner Rio Tinto has sacked two top executives who it sidelined last week over their role in a payments scandal related to the Simandou iron ore project in West Africa.
The Australian share market has slipped in early trade, taking cues from a lower close on Wall Street, as overnight declines in the metals and energy markets weighed down sentiment.
Wall Street has opened lower - a day after the Dow closed higher for the seventh day in a row following Donald Trump's election win - as investors brace for higher interest rates.
Oil prices have eased in volatile trading as the market gives more weight to a bigger-than-expected US crude inventory build than Russia's comments about a possible meeting with Saudi Arabia that has renewed hopes for a production freeze deal.
Gold has eased as the US dollar climbs to a 14-year high against a currency basket, extending a week-long rally driven by a surge in Treasury yields after Donald Trump's election to the US presidency.
Trump tax cuts must be matchedThe Coalition has seized on weak wages growth to fire up support for company tax cuts amid warnings from business that Australia must match D
Perth-based Southern Cross Electrical Engineering says its joint venture with Kentech has grown its order book at the Chevron-operated Wheatstone LNG project near Onslow to $60 million.
A local company that produces fused zirconia, which is used to make nuclear fuel rods and furnace linings, is on the hunt for processing opportunities to utilise excess capacity at its Rockingham plant.
Australian shares closed flat as strong gains in energy producers and the big four banks were offset by falls across the resource, health care and consumer discretionary sectors.
Professional services firm Deloitte has snared its second senior recruit from Accenture's Perth office, hiring Bernadette Cullinane as its national oil and gas practice leader.
