The three major US stock indexes closed higher as investors applauded a strong US earnings season with results from Berkshire Hathaway impressing and Facebook getting a boost.
Australian shares rose on Monday, as strong iron ore prices in China helped material stocks while investors were largely focused on earnings due later in the week.
Zenith Energy has completed a $40 million issue of subordinated debt notes through FIIG Securities, with the proceeds to be used for refinancing existing debt, capital expenditure and acquisitions.
Echo Resources has released a bankable feasibility study for its Yandal gold project in Western Australia, with the company forecasting a $39.3 million capital expenditure for the mine.
Four local mining companies have announced new chief executives as the industry shifts its focus to the annual Diggers & Dealers conference in Kalgoorlie, which kicked off today.
Fortescue Metals Group has reduced its stake in Atlas Iron but crucially still holds more than 10 per cent, meaning Gina Rinehart's Hancock Prospecting will not be able to acquire full ownership of the takeover target.
Property developer Tian An Australia (formerly PBD Developments) has won regulatory support to postpone the start of construction at its long-delayed Point Grey marina south of Mandurah.
Australian shares have opened higher, led by mining heavyweights BHP and Rio Tinto following a rise in metal prices, and gains on Wall Street on Friday.
UPDATED: Gina Rinehart’s Hancock Prospecting announced late Friday it has increased its stake in takeover target Atlas Iron to 56 per cent, giving it effective control, and extended its $390 million offer for two weeks.
Livestock exporter Wellard has appointed current chairman John Klepec as interim executive chairman, after executive director of operations Fred Troncone resigned.
Western Australia’s car industry has registered its second straight month of decline for new vehicle sales, according to the latest data from the Federal Chamber of Automotive Industries.
Deloitte has won a state government contract to prepare a business case for the Morley to Ellenbrook rail line, to be undertaken in parallel with another study looking at route options.
Pilbara Minerals has released a definitive feasibility study for the planned stage-two expansion at its Pilgangoora lithium-tantalum project, with chief executive Ken Brinsden confident the $231 million upgrade will go ahead.
Regis Resources has approved a $29.4 million expansion at its Duketon gold project, which is expected to add 570,000 ounces over a five-year mine life.
Podcast: Mark Beyer and Matt McKenzie discuss the WA Club, Subiaco Pavilion Markets, two hotels changing hands, house prices, Andrew Forrest's philanthropy, WA's award winning wineries and our special report on small business.
Osborne Park-based Georgiou Group has been awarded an $18.7 million contract to construct a privately-funded traffic bridge carrying Great Northern Highway over the Roy Hill rail line, located approximately 25 kilometres south-west of Port Hedland.
Oil prices have strengthened, with US crude gaining nearly 2 per cent after traders saw an industry report suggesting domestic crude stockpiles would soon decline again.
Technology stocks have pushed the S&P 500 and Nasdaq higher, driven by Apple shares as the iPhone maker became the first publicly traded US company worth a trillion dollars.
The Australian share market has closed lower, dragged down by the materials sector following Rio Tinto's first-half earnings miss and further concerns over the trade war between the US and China.
