Oil prices fell nearly 1.0 per cent overnight after comments from a US official fed concerns surrounding the US-China trade conflict, adding to worries that a slowing global economy would reduce demand for oil.
Gold eased overnight on improved appetite for riskier assets, while investors awaited further clarity from the US Federal Reserve on more possible interest rate cuts this year.
WA Super has announced it will invest $20 million in the WA Impact Fund, as part of its membership of the newly founded Impact Investment Alliance of WA.
Minister for Ports and Regional Development Alannah MacTiernan says a multi-billion dollar Oakajee port and rail project is unnecessary and Sinosteel’s Midwest general manger said there were no guarantees the company would push ahead with the project.
The state government has announced the start of works on a $52 million upgrade to the wastewater treatment plant in Neerabup as part of the expansion of Perth’s groundwater replenishment scheme.
Significantly lower grain production is on the cards in Western Australia for the 2019-2020 season, with Rabobank Australia predicting a fall of over one third.
Almost $1.2 billion in dividends flowed to the state government from 11 of its businesses in the year to June 2019, according to their recently published annual reports.
Geopacific Resources has completed a $40 million share placement, and aims to raise a further $5 million via a share purchase plan to fund its $198.5 million Woodlark gold project in Papua New Guinea.
Afterpay Touch has described itself as a "marketing channel" whose service goes beyond payment processing after the Reserve Bank of Australia said it would look at whether action is needed to help retailers recover the cost of buy now, pay later services.
Seven West Media has struck a deal to sell its magazine assets, which include Marie Claire, Men's Health and New Idea, to Bauer Media for $40 million in cash.
Oil prices edged lower on Friday as concerns about China's economy outweighed bullish signals from its refining sector but losses were limited on hopes for progress toward a US-China trade agreement.
Gold steadied on Friday, helped by a weaker US dollar, with the possibility of a no-deal Brexit, uncertainties over US-China trade and fears of a global slowdown keeping bullion on track for a small weekly gain.
Premier Mark McGowan has firmly urged BHP and Chevron to reach agreements with Woodside Petroleum so the giant Browse and Scarborough gas projects can proceed.
The use of renewable energy in the mining sector is being given a boost, with the federal government and Alinta Energy jointly funding a $200 million solar facility that will help to power Fortescue Metals Group’s iron ore mines.
Former deputy prime minister Julie Bishop has urged Australia to act as a voice of moderation on international trade, criticising the US for exacerbating threats to the rules-based world order.
PODCAST: Mark Beyer and Dan Wilkie discuss the Biome tourism project, Pilbara power, high rise in South Perth, Pindan, Santos, Woodside and big gas projects, cyber security, ICT infrastructure and philanthropy.
The Real Estate Institute of Western Australia’s latest data has confirmed the dire market for Perth’s homeowners, but Floreat, Karrinyup and Mindarie were among the handful of suburbs to record a positive median price shift.
A team of Western Australian entrepreneurs is preparing to launch a new brewery designed to create employment opportunities for Aboriginal people, with proceeds from one of its beers to support returned servicemen and women.
