Business News Morning Headlines 2018-03-22T06:15:31.000000000+08:00 $30b in WA projects rest on tax $A hits rallies after US rate hike 2018-03-22T06:09:33.000000000+08:00 The Australian dollar has rallied almost one US cent, after the US Federal Reserve raised its interest rate for the first time this year and paved the way for more rate hikes later this year. Oil hits six-week high on inventory data 2018-03-22T06:06:58.000000000+08:00 Oil prices hit a six-week high on Wednesday, closing in on a three-year peak set in late January, on a surprise decline in US inventories, strong compliance on OPEC production cuts, and persistent concern related to the Iran nuclear deal. Gold up after Fed flags fewer rate hikes 2018-03-22T06:05:32.000000000+08:00 Gold rose more than one per cent from a three-week low after the US Federal Reserve increased interest rates and forecast at least two more hikes for 2018, falling short of the three more increases many expected. The US dollar also hit its session low after the Fed decision. Aust shares edge higher in muted trade 2018-03-21T15:42:37.000000000+08:00 The Australian share market closed higher on a day of light trading volumes ahead of a decision on interest rates by the US Federal Reserve. Rideshare market heats up 2018-03-21T15:41:02.000000000+08:00 Five ridesharing operators have launched in WA during the past year, each bringing something different to the table. Step forward for Barossa gas project 2018-03-21T15:37:08.000000000+08:00 Plans to use the Barossa gas field in the Timor Sea as backfill for the Darwin LNG plant received a boost today, with the project getting a tick of approval from the National Offshore Petroleum Safety Authority. Strengthening business ties 2018-03-21T15:35:46.000000000+08:00 Two new business groups plan to strengthen Western Australia’s economic links with innovative overseas economies, with the Swedish Australian Chamber of Commerce and WA Singapore Business Connect opening Perth chapters. Tourism Council backs new plan 2018-03-21T15:13:51.000000000+08:00 The tourism industry has thrown its support behind the government’s new two-year plan to increase visitation to Western Australia, but says the plan needs to be backed with the right leadership, skills and financial resources. Labour leads mine cost concerns 2018-03-21T14:48:58.000000000+08:00 Cost pressures are starting to return to the mining sector, according to BHP Billiton WA Iron Ore boss Edgar Basto, as the company continues preliminary work with potential contractors ahead of a decision on the South Flank development in the next few months.