Politics & the Economy

Oil falls nearly 2% on stocks sell-off

Oil prices have fallen nearly two per cent, echoing the weakness in global stock markets as the focus returned to demand growth concerns and crude prices erased some of the gains made last week on an OPEC-led decision to cut output.

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Australia seeks more of lithium battery pie

Gold price eases amid Brexit worries

Gold edged lower as the US dollar firmed against the pound on doubts about Britain's departure from the European Union, but falling equities and prospects of a slower pace of US interest rate hikes in 2019 kept bullion near a five-month peak.

Lobster intervention a spiny issue

The state government has assured fishing industry representatives it has no plans to change how it determines catch limits across the sector after a surprise move last week to create, and take control of, new licences for local lobsters.

Oil prices edge higher on OPEC-led cuts

Oil prices ended the week more than two per cent higher after OPEC members and allies like Russia agreed to reduce output to drain global fuel inventories and support the market, but the gains were ca

Wall St tumbles as trade worries loom

Wall Street has tumbled in a broad sell-off led by declines in big internet and technology shares, and the benchmark S&P 500 index posted its biggest weekly percentage drop since March as concerns over US-China trade tensions and interest rates convulsed Wall Street.

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NBN targets business for $1 billion

Gold soars to five-month peak on soft $US

Gold hit a five-month peak as the dollar slid following weaker-than-expected US jobs data, which added to expectations that the US Federal Reserve may go slow on interest rate hikes next year.

WA accepts $121m remote housing deal

The state government has reluctantly accepted an improved offer from the Commonwealth for remote housing funding.

Gold prices hold near five-month peak

Gold has risen to near a five-month peak on a weaker dollar and on expectations the pace of US interest rate hikes will slow, with the bullion also getting support from falling equities.

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Australia becomes an LNG force

US-China trade worries weigh on US stocks

US stocks have closed slightly lower, but well above their session lows, as the arrest of a Chinese technology executive fanned fears of US-China tensions over trade, while some beaten-up big technology and internet shares posted gains.

Oil dips 3% as OPEC delays output decision

Oil fell about three per cent in choppy overnight trade after OPEC and allied exporting countries ended a meeting without announcing a decision to cut crude output, and prepared to debate the matter the next day.

Housing, red tape focus as state budget lifts

The state budget will be in surplus in 2019/20, according to Premier Mark McGowan, while a $421 million expansion of the Keystart program for first homebuyers and a move to reduce red tape will be two new policies to support the local economy.

Gearing up for a credit crunch

Opinion: All signs point to a tough year ahead as international trade events meet tightening credit conditions amidst falling house prices and likely changes to negative gearing.

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Red tape risks holding up frackers until 2021

Oil edges lower ahead of OPEC meeting

Oil prices dipped overnight ahead of a meeting of the world's biggest exporters, who will discuss cutting output to help shore up prices and curb excess supply.

Stocks hit by Wall St, US slowdown fears

Global stocks have fallen, plagued by a flattening yield curve that sparked concerns about an economic slowdown in the United States and weakening expectations of a lasting US-China trade truce, while the US dollar steadied.

Gold dips on rate hike views; palladium up

Gold has slipped on expectations of more interest rate hikes following remarks from a US Federal Reserve official and as some investors booked profits after prices hit their highest in more than five weeks.

Business investment boosts WA performance

A 10 per cent surge in the level of business investment in machinery and equipment has helped Western Australia’s state final demand grow 0.4 per cent in the September quarter, as national economic data surprised on the downside.

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Gold-hunt spending rockets