Business News $A higher against $US 2017-05-23T06:16:31.000000000+08:00 The Australian dollar is solidly higher against its US counterpart as the greenback continues to soften. Oil lifts to month-high on output cut hope 2017-05-23T06:14:51.000000000+08:00 Oil prices have risen as growing confidence that top exporters will agree to extend supply curbs this week and speculation that the cuts could be deepened further have pushed prices to their highest levels in more than a month. Willmott rules out bid for Cottesloe 2017-05-22T15:31:14.000000000+08:00 Chamber of Commerce and Industry of WA chief executive Deidre Willmott will not be a contender for Liberal Party endorsement for the Legislative Assembly seat of Cottesloe when the incumbent, former premier Colin Barnett, quits politics. Encounter raises funds for gold exploration 2017-05-22T14:59:30.000000000+08:00 West Perth-based Encounter Resources has tapped investors for $3.4 million to fund ongoing exploration at its gold projects in the eastern Pilbara region. Shares close 43pts higher 2017-05-22T14:42:30.000000000+08:00 Australian shares have shaken off their weakness of last week courtesy of a bounce in energy and mining stocks as speculation of tightening world oil supply boosts commodities. Forrests gift $400m 2017-05-22T14:01:03.000000000+08:00 Mining magnate Andrew Forrest and his wife, Nicola Forrest, have made history today with a $400 million pledge the prime minister has called a ‘game changer’. Swift wins work with aged care, LNG clients 2017-05-22T13:33:55.000000000+08:00 Perth-based Swift Networks has won contracts with clients in the aged care and offshore LNG markets for an undisclosed sum. Poor tax policy penalises success 2017-05-22T13:16:19.000000000+08:00 OPINION: Picking on banks might be populist, but it is a very risky proposition. Perth transport costs among nation's highest 2017-05-22T12:22:09.000000000+08:00 Perth’s public transport users are slugged more per year than commuters in any other Australian capital except for Sydney, but Perth is the cheapest city to insure two family cars, according to new data. More than a man cave, it’s an investment 2017-05-22T11:36:38.000000000+08:00 Perth-based property investment group Metro Invest has created a new class of asset, tapping into the increasing demand for space as backyard sheds and workshops disappear from the suburbs.