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Shares in Mount Gibson Iron have soared on news the iron ore miner received an $86 million property damage insurance payment for the collapse of a seawall at its Koolan Island mine in 2014.

The Australian share market has opened higher, led by banking and resource companies.

The Turnbull government is resisting calls for a bailout of troubled steelworks Arrium as Labor pledges $100 million in assistance.

The US dollar has fallen along with bond yields after the Federal Reserve left US interest rates unchanged and hinted at a less aggressive outlook for rates.

The Australian dollar has picked up pace after the US Federal Reserve left rates on hold and flagged a more gradual tightening path.

Labor to beef up ACCCBusiness will face tougher $10 million penalties from a beefed-up competition watchdog, under a Bill Shorten Labor government if elec

In the first of a series of interviews with top WA business leaders, Business News met with inaugural 40under40 First Amongst Equals winner and Macquarie Group chairman (WA) Mark Barnaba. Far from the boardroom, in the relaxed setting of Julio’s restaurant in West Perth, Mr Barnaba spoke of his education, mentors, leadership style, culture, diversity, and social media.

Convicted fraudster William Ardrey has been released on bail, 13 months after being sentenced to a four-year jail term, but has lost a bid to gain control of cash from the sale of a New York apartment.

Newly installed state Innovation Minister Bill Marmion will hold a summit next month to consult industry on how to best spend $20 million in freshly allocated funds.

There’s an ongoing debate in the startup community about whether to develop customer-focused businesses or pursue an investor-driven model.

A joint venture comprising BGC Contracting and Laing O'Rourke has won a contract to deliver the second stage of the Northlink WA roads project, with the deal believed to be worth in excess of $400 million.

OZ Minerals has reached a $24 million settlement with Zinifex shareholders who received a stake in the company following its merger with Oxiana eight years ago.

The share market has posted a second straight day of sharp falls on fears Britain will leave the European Union.

Red Mountain Mining says it will cost $22 million to bring its flagship Batangas gold project in the Philippines into production.

Alan Bishop has spent 40 years building insurance broker EBM into a national player and worked through many business cycles over that time, but arguably none as tough as the current conditions in Western Australia.

IMX Resources chief executive Phil Hoskins has been replaced by former Focus Minerals boss Campbell Baird, while the company plans to restructure and rebrand itself under a new name.

Opposition leader Bill Shorten says a Labor government would review the NBN Company board in the wake of questions about the impartiality of its chairman.

Perth-based telecommunications company Norwood Systems has tapped investors for a $5 million capital raising to fund ongoing development of its products.

Mining contractor Barminco has won a $275 million contract to provide its services to the Northern Star Resources-majority owned Kundana gold mines in the Goldfields.

Virgin Australia plans to raise $852 million and sweep the broom through its operations by cutting its aircraft fleet and workforce.

The Australian share market has opened lower after Wall Street dropped for a fourth straight session.

Rio Tinto will purchase a total $1.747 billion of 2018 capital notes under its debt reduction plan.

The Australian dollar is likely to slide further as Brexit fears keep global markets in risk-averse mode.

Gold hit its highest in almost six weeks on Tuesday, rising on worries about a potential British exit from the European Union and expectations the U.S. Federal Reserve will not raise interest rates at its June meeting.

Wall Street has dropped for a fourth straight session as central bank policymakers weighed the health of the US economy and investors worried about an upcoming vote in Britain on whether to leave the European Union.

Brexit fears rattle ASXMounting support for Britain to leave the European Union has struck financial markets around the world, including Australia, where shares were sold

It’s easy to assume the Western Australian Industrial Relations Commission’s recent decision to raise the minimum wage by 1.9 per cent is good news for low-paid workers.

Former Woodside Petroleum and Beach Energy executive Rob Cole has been appointed chair of the Southern Ports Authority.

Iron ore miner Mineral Resources has added another string to its bow, taking a 19.3 per cent stake in domestic gas supplier Empire Oil & Gas, a week after the company increased its slice of the Mt Marion lithium project.

The Australian share market has fallen nearly 2 per cent to a seven-week low, wiping out $27 billion in value, amid concerns about US interest rates and the Brexit vote.

Tipping future residential property prices is tricky, but in Western Australia there is a potential technique that is so obvious it’s a surprise no-one has used it before – linking property to the state’s biggest industry, resources.

More than 200 junior mining and exploration companies would fail to meet new listing requirements the Australian Securities Exchange plans to introduce later this year, a study has found.