News

Gold prices eased overnight as a report that Chinese officials had invited top US negotiators for a new round of talks rekindled some hopes regarding the US-China trade deal but mixed signals on the progress of talks limited bullion's losses.

The Australian share market slumped for a second day, with losses across the board as passage of a US-China trade deal appears less and less likely anytime soon.

Vango Mining has entered a non-binding agreement with China-based Nonferrous Metal Industry’s Foreign Engineering and Construction (NFC) to provide $70 million for its Marymia project in the Mid-West region.

A Perth financial adviser who worked for two prominent firms including Godfrey Pembroke has been banned from providing services for four years.

Racing and Wagering Western Australia (RWWA) is withholding prize money to high-ranking bureaucrat Paul Whyte and his co-accused as the thoroughbred owners face accusations they stole tens of millions of dollars in taxpayer funds.

The Chamber of Minerals and Energy of WA (CME) has welcomed the federal government’s plan to deliver new deregulation measures for Australian businesses, saying it could save Western Australian resources projects more than $23 million each year.

Westpac shares have hit a nine-month low after the prime minister urged Westpac to consider chief executive Brian Hartzer's position over the bank's money laundering and child exploitation scandal.

The Australian share market has slumped as the heavyweight mining and financial sectors both fell more than 1.0 per cent.

Minister on subs defensive

Oil prices climbed more than 2.0 per cent overnight after a better-than-expected US crude inventories report and as the Russian government said it would continue its co-operation with OPEC to keep the global oil market balanced.

Gold fell overnight, retreating from a two-week high hit earlier in the session, after the United States started issuing licences for some companies to supply goods to Chinese firm Huawei, rekindling hopes for trade negotiations that had shown signs of turning more contentious.

The Australian share market has suffered its worst day in nearly seven weeks, with the banking and energy sectors suffering especially sharp losses.

Cottesloe’s Napoleon Street is the best performing retail strip in Perth, according to new research by Ray White, with vacancy dropping from 6.9 per cent to zero in two years to September 2019, while Subiaco, Leederville and Mt Lawley have had big increases.

St Hilda’s Anglican School for Girls has purchased a 7.4 hectare property in Pemberton for its new Yeagarup Campus.

The widening of Mitchell Freeway near Joondalup and a train station at Lakelands are some of the new projects to be funded from a $940 million, four-year infrastructure stimulus package announced today.

HBF chief executive John Van Der Wielen said the costs of medical technology and an ageing population are driving up health insurance premiums, as debate intensifies over sector reforms and how to keep price rises in check.

Origin Energy has raised its full-year output guidance for its Australia Pacific LNG project, the biggest producer of liquefied natural gas in eastern Australia.

Westpac chief executive Brian Hartzer says he accepts "the need for accountability" after the country's second largest lender was accused of more than 23 million breaches of anti-money laundering and counter-terrorism financing laws.

The Australian share market has moved lower as both the mining and financial sectors lost more than 1.0 per cent.

PM’s $868m spend on WA road projects to keep the State moving

Oil fell about 2.0 per cent overnight on concerns about excess global crude supply and limited progress toward resolving a US-China trade dispute that has clouded the outlook for oil demand.

Gold pared losses overnight to scale a one-week peak as Wall Street eased from record highs on US political uncertainties and sombre earnings while markets awaited more cues on the Federal Reserve's monetary policy.

The mining sector has welcomed an agreement signed by Geoscience Australia and the United States Geological Survey to collaborate on developing critical minerals assets, which include commodities such as lithium and rare earths.

Sipa Resources managing director Lynda Burnett has announced her resignation, after serving more than five years in the role, and will join the board at Regis Resources as an independent non-executive director.

The Australian share market has rallied and the dollar has dipped after it was revealed the Reserve Bank gave serious thought earlier this month to cutting rates for a fourth time this year.

The Reserve Bank of Australia board acknowledged there was a compelling case for cutting the cash rate to a new record low before leaving it unchanged at 0.75 per cent at this month's meeting.

WA-owned and independent HHG Legal Group, Kott Gunning Lawyers and Slee Anderson & Pidgeon have all reached their 100-year anniversaries.

Woodside Petroleum has laid out plans to triple its gas and oil reserve base which will come from more than $US36 billion worth of projects in Australia, Senegal and Myanmar over the next seven years.

CommInsure will refund more than $12 million to about 30,000 life insurance customers after pleading guilty to 87 counts of unlawfully selling policies in unsolicited phonecalls.

The Australian share market has opened marginally higher after slight gains on Wall Street overnight.

Perth, Adelaide scrap over maintenance of submarines

Oil prices fell more than 1.0 per cent overnight, erasing much of last week's gains and tumbling alongside US stocks on uncertainty over a trade deal between the United States and China.