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Politics & the Economy

$3.2bn federal funding for WA

Prime Minister Malcolm Turnbull has today announced $3.2 billion of federal government funding for Western Australian infrastructure projects ahead of next month’s budget, however, there is still uncertainty around the timing of a number of those projects.

Gold at 5-week lows, as $US strengthens

Gold prices hovered near five-week lows on Thursday as a stronger US dollar and lofty US bond yields dampened interest in bullion.

Oil prices gain on Iran sanctions worries

Oil prices gained on Thursday as the risk of renewed US sanctions on Iran, plunging Venezuelan output, and robust global demand shook off the effects of a strong US dollar.

$A falls as $US rallies after ECB meeting

The Australian dollar is lower after the US dollar rallied following the European Central Bank meeting and the release of better than expected US employment data.

Morning Headlines

PM’s big WA spend

Deeks chosen to boost WA trade

The state government has appointed Civmec defence general manager Mike Deeks as its new London-based agent general for Western Australia.

Two additions to Horizon Power board

The state government has appointed Stephen Edwell chair of Horizon Power, and added Kylie Chamberlain to the utility’s board.

Oil prices rise on geopolitical worries

Oil prices rose on Wednesday despite data showing rising US inventories, holding within sight of three-year highs reached the previous day on geopolitical tensions including the prospect of fresh sanctions on Iran.

$A falls as US bond yields break 3%

The Australian dollar has fallen to a new four month low as the US dollar rallies against most major currencies after US Treasury bonds broke the three per cent mark.

Morning Headlines

GST-linked spending blitz to shore up seats

Gold prices fall as US dollar strengthens

Gold prices slumped to a five-week low on Wednesday as the US dollar jumped and US Treasury yields continued to rise on signs of US economic strength and an easing in the US-China trade conflict.

Power to lead City of Perth inquiry

The state government has appointed Francis Burt Chambers lawyer Tony Power to undertake a year-long inquiry into the City of Perth, after the council was suspended last month following a tumultuous period.

Perth inflation just 0.1% in March

Perth's inflation rate was just 0.1 per cent in the March quarter, bringing the total increase in consumer prices in the past 12 months to just 0.9 per cent, well below the national inflation rate of 1.9 per cent.

Morning Headlines

Paying down debt more important than tax cuts: voters

$A falls to four month low

The Australian dollar has fallen to its lowest level in over four months, dragged down by lower US stocks and metals prices, as well as higher US bond yields, which are supporting a higher US dollar.

Oil higher as Iran sanctions fears ease

Oil prices rebounded from an early slide to finish higher and strengthen further in post-settlement trade, as investors feared US sanctions could dampen Iran's output.

Wall St flat as industrials offset oil

US stocks have seen little changed with gains in industrial and health care stocks offsetting the impact from falling oil prices, as investors kept an eye on rising US bond yields.

Oil recovers after sliding on Trump tweet

Oil prices edged up on Friday, stabilising after an earlier slide driven by US President Donald Trump's criticism of OPEC's role in pushing up global oil prices.

Morning Headlines

WA economy on the way up

Gold falls on US rate rise expectations

Gold prices eased on Friday as the US dollar advanced on expectations of higher US interest rates and market players grew a bit less worried about global political and security risks.

$A falls, after Wall Street declines

The Australian dollar is lower, after Wall Street fell, dragged down by falls in technology stocks on nerves about upcoming earnings reports.

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