Latest Headlines

Export bonanza will not last long

US stocks have advanced, led by gains in shares of technology and industrial companies, as a last-minute deal to save NAFTA as a trilateral pact raised hopes for progress in talks with other countries at the start of the fourth quarter.

Oil futures jumped more than $US2 a barrel, rising to levels not seen since November 2014, as US sanctions on Iran loom and a North American trade deal fosters growth.

Gold fell as investors favoured riskier assets after the United States and Canada salvaged NAFTA as a trilateral trade pact with Mexico, while expectations that a strong US economy would lead to higher borrowing costs also influenced sentiment.

The Australian share market has closed lower, dragged down by the financial sector after a correction to banking stocks following the release of the royal commission's interim report on Friday afternoon.

Breaker Resources has tapped investors for $10.5 million to progress a study at its Lake Roe gold project east of Kalgoorlie.

Poseidon Nickel has announced the resignations of long-time board members David Singleton and Chris Indermaur, with their replacements coming from major shareholders Black Mountain Metal and Squadron Resources.

SPECIAL REPORT: Appointed to lead the MBA in WA just last month, John Gelavis brings a focus on effective communication to the role.

SPECIAL REPORT: New technology now available in WA uses an algorithm to match appropriate builders to specific blocks of land.

SPECIAL REPORT: The WA residential builder market remains well down from its 2013 highs, despite homes becoming more affordable.

New laws guaranteeing Western Australia's GST share stays above 75 cents in the dollar will go through parliament within weeks.

Fortescue Metals Group has failed to get its hands on a crucial engineering report at the heart of a legal dispute with Canadian company TransAlta Corporation.

City of Perth commissioners have approved $300,000 in matched funding support to the Historic Heart of Perth revitalisation in the city's east end, one year after a dispute between property developer Adrian Fini and former lord mayor Lisa Scaffidi over the project flared up.

Perth company Stealth Global Holdings will start trading on the ASX tomorrow after completing a $12.5 million IPO and paying $9 million for local firm Heatleys Safety and Industrial.

Rio Tinto and its joint venture partners have given the green light to invest $2.1 billion across two iron ore projects that will employ 1,200 people in the Pilbara.

Lepidico is pleased to advise that the Renounceable Entitlements Offer announced on 3 September 2018 has been well supported by the Company’s shareholders and new investors and closed significantly

The downward trend in Perth’s housing market has continued in September, with the latest CoreLogic data showing a 0.6 per cent decline in house prices for the month.

Regis Resources has withdrawn its $85.3 million takeover proposal for Capricorn Metals, after the gold aspirant’s largest shareholder, Hawke’s Point, rejected the indicative deal.

Health care is the only major sector in the green as the Australian share market opened the public holiday lower, with the big banks weighing heavily after calls to extend the banking royal commission.

PM to sandbag seats with GST overhaul

Wall Street ended flat on Friday as gains by Intel, real estate companies and utilities offset a drop in Facebook after the social media network disclosed a fresh security breach.

Oil prices rose more than a percent, with Brent climbing to a four-year high, as US sanctions on Tehran squeezed Iranian crude exports, tightening supply even as other key exporters increased production.

Gold inched higher but was on track for its longest monthly losing streak since January 1997 as the US dollar firmed against the euro after Italy's budget jitters threatened the European currency.

Fortescue Metals Group has sold its blocking stake in Atlas Iron, after Gina Rinehart’s Hancock Prospecting increased its takeover offer for a second time last week.

Carnegie Clean Energy’s long-serving managing director Michael Ottaviano has resigned, with the company also announcing major updates on three projects and plans to renegotiate its asset sale deal with Tag Pacific.

Treasurer Josh Frydenberg has demanded the banks and regulators fix an insidious culture of greed over honesty outlined in a scathing interim report of the Financial Services Royal Commission.

The Australian share market has closed higher after investors' worst fears over the banking royal commission's interim report were unfounded.

Shares in cryptocurrency-focused DigitalX have fallen nearly 12 per cent today after the company revealed it has been served with a $US1.8 million claim in the Federal Court of Australia.

PODCAST: Mark Beyer and Matt Mckenzie discuss the possible revival of the Oakajee port project, WA’s strong jobs market, four vanadium projects, gold miner Eastern Goldfields saved from the brink, University rankings, the outlook for residential housing, and how apartment builders are outperforming house builders.

Andrew Forrest’s planned Asia Pacific-focused rugby competition is a step closer to reality, after the World Rugby executive committee recommended approval of the series.

Henderson-based Civmec will start a maintenance services contract with iron ore miner Roy Hill Holdings next month, building on work it is undertaking for major players Rio Tinto, Alcoa of Australia and Fortescue Metals Group.

An engineering alliance comprising BMD Constructions, CIMIC Group's Ventia and Arup has secured a $47 million contract for the ‘smart freeways’ project on the Kwinana Freeway.