Gold has fallen again, holding near the 2019 lows touched in the previous session, as economic growth data from China assuaged concerns about global growth and drove investors into riskier assets.
US stocks have ended slightly lower as a drop in healthcare shares overshadowed a string of positive corporate earnings and upbeat economic data from the United States and China.
Perth City was the only inner city area to be classed as a building hotspot in Western Australia, with most building approvals occurring in the outer suburbs, according to a Housing Industry Association report.
Workplace consumable products supplier and distributor Stealth Global has acquired distribution business Industrial Supply Group for about $1 million, the third deal the company has made since listing on the ASX in October 2018.
The developer behind the Red Castle and Bottleyard apartments complexes has been forced into liquidation, the latest victim of difficult conditions in Western Australian property.
Ausdrill has sacked an employee and reported them to police after discovering approximately $10 million of allegedly fraudulent payments over eight years.
Mirvac Group will start construction on the final stage of its Leighton Beach precinct this week, with a $40 million, 104-apartment complex expected to take around 18 months to complete.
The corporate regulator has banned a Perth accountant from providing financial services for six years after an investigation found he bought and sold shares for clients so companies could meet the minimum requirement to be listed on the stock exchange.
Office Hours host Damian Stone sits down with Real Estate Institute of Western Australia president and managing director of Momentum Wealth Damian Collins to discuss Perth's residential property market, the genesis of Mr Collins' buyers agency and property syndicator and the potential ramifications of regulatory changes in the industry.
Huawei deputy chair Ken Hu has argued that moves by western countries to stop the Chinese company participating in rollout of next generation telecommunications technology will reduce competitive tension in the sector and hold back innovation.
BHP Group, the world's biggest miner, has joined rival Rio Tinto in cutting its forecast for iron ore output after a tropical cyclone, although analysts expect high prices to limit any impact on profits.
Shares in DuluxGroup have soared more than 27 per cent to a record high after its board backed a $3.8 billion acquisition proposal by Japanese paint giant Nippon.
Australia's No.2 independent gas producer Santos Ltd has posted record quarterly production, boosted by its acquisition of Quadrant Energy assets, a day after it announced an '"exciting" gas discovery in the North West Shelf.
The Australian share market has dipped in early trade, with the mining giants more than offsetting a positive open for the financial and energy sectors.
Gold has dropped one per cent to its lowest level of 2019, as a string of robust economic data boosted demand for riskier assets like equities while bullion was further weighed down by gains in the US dollar.
Oil prices rose one per cent overnight as fighting in Libya and falling Venezuelan and Iranian exports raised concerns over tightening global supply, but uncertainty surrounding an OPEC-led production cut limited gains.
US stocks have ended slightly higher, with the S&P 500 inching closer to its all-time high following a string of mostly positive earnings, while a drop in healthcare shares limited the advance.
Shares in the Simon Trevisan-chaired startup, Assetowl, more than doubled today, after it signed a trial agreement with The Agency Group Australia for its property management software.
Shell has sold its interest in the Greater Sunrise offshore fields to Timor Gap, the national oil company of Timor-Leste, for US$300 million ($420 million).
OPINION: The Western Australian government's love affair with Western Power is unlikely to be dimmed by local events any time soon, but a new force has been unleashed in the international marketplace as global oil companies morph into global electricity companies.
McGrathNicol has been appointed administrators to MZI Resources, just over a month after it announced it was $32.25 million in the red for the half-year to December, compared to a $11.34 million loss from the prior corresponding period.
