Politics & the Economy

Higher $A knocking on door of US80 cents

The Australian dollar is fractionally shy of 80 US cents, with the US dollar weakening ovenight amid fears of a possible federal government shutdown.

Oil little changed after record crude draw

Oil is little changed, after prices ease early in the session, but are supported by a record drawdown of US crude stockpiles at the Cushing, Oklahoma delivery hub.

Aust shares shrug off Wall St, to open up

The Australian share market looks set to open higher despite an uninspiring Wall Street session.

Gold under pressure as Bond yields rise

Gold is flat, trading in a narrow range, first dipping as the US dollar rose and then rising as the US dollar moved lower, but bullion's gains were limited by higher US Treasury yields.

Strong jobs growth continues

Western Australia's unemployment rate has fallen by a surprising 0.9 per cent in the month of December, while job numbers were up for a record-equalling 15th consecutive month nationwide, with economists giving positive assessments of the labour market.

Gold holds near 4-month highs as $US slips

Gold prices have hovered near four-month highs as the US dollar slipped against a basket of currencies.

Oil up ahead of US weekly inventory data

Oil prices have closed higher ahead of the release of US petroleum data that was expected to show a ninth straight weekly drawdown in crude inventories.

$A is steady against $US

The Australian dollar is starting the day just as it left off on Tuesday, amid a slight lift in the US dollar, a fall in commodity prices and little data to influence it.

Gold falls off 4-month peak as $USUS lifts

Gold has slipped from the previous day's four-month high, reflecting losses across the commodities complex as the US dollar claws back some losses the day after hitting a three-year low against a basket of currencies.

Oil drops off 3yr high but demand supports

Oil prices have dropped off three-year highs as traders booked profits but healthy demand underpinned prices near $USUS70 per barrel, a level not seen since the market slump in 2014.

Stadium crowd cap yet to be decided

The state government will determine the extent of a cap on crowd attendance at Optus Stadium for a potential Big Bash League semi-final after this weekend’s community day, which will help it determine the capacity of public transport to move big crowds to and from the 60,000-seat stadium.

Dealing with the China challenge

The political fallout from China’s increasing assertiveness in the region, and the Communist government’s role in business, will pose threats and challenges for WA.

$A continues its upward march against $US

The Australian dollar has continued its confident march toward 80 US cents as the greenback's weakness lingers with a holiday in the US.

Gold lifts as $US index falls to 3yr low

Gold prices have hit a four-month peak as the US dollar index slumped to its lowest in three years but some analysts say the greenback's slide could be short-lived as it hasn't been driven by fundamentals.

Oil near 3-year high despite US output up

Oil has hovered near a three-year high above $US70 a barrel on signs that production cuts by OPEC and Russia are tightening supplies, although analysts warned of a "red flag" due to surging US production.

BN30 numbers tell a positive tale

The strong performance of the Business News index of 30 local companies designed to track the state’s economy implies good years ahead for WA.

Tax changes a priority as CEOs see recovery in 2018

Local business chiefs are positive about the state’s economy in the year ahead, according to the recent Business News CEO Survey.

$A once again higher on $US weakness

The Australian dollar is back above 79 US cents - just.

Gold up on $US fall, palladium hits record

Gold has hit a four-month high heading to a fifth straight weekly gain as the US dollar fell against the euro on an agreement for a political coalition in Germany.

Oil lifts again, heads to 4th wk of gains

Oil prices have risen for a sixth day after Russia's oil minister said that global crude supplies were "not balanced yet," alleviating market concerns about a wind-down of the OPEC-led deal to reduce production.