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Gascoyne in administration

Gold climbed more than 1.5 per cent overnight to its highest level in more than three months on concerns that US-Chinese trade tensions and the US threat of tariffs on Mexico would hurt the global economy.

Oil fell overnight as US trade disputes with Mexico and China deepened concerns about weakening global crude demand, while a slump in equities also weighed on crude futures.

Family Insights Group has raised $422,112 through a placement at 0.1 cents a share. Riversgold has raised $218,000 through a placement at 2.2 cents a share. 

More than 1,300 people attended a National Reconciliation Week breakfast this morning in Perth and heard newly installed minister Ken Wyatt deliver a positive message about progress to date and urge optimism and trust for the future.

The Australian share market has closed flat but finished May up a percentage point during a month when other markets around the world lost ground.

Finbar Group has lowered its profit guidance by up to $5 million for this financial year, following delays at its Vue and Palmyra Apartments Estate projects.

No company exemplifies the power of play more than LEGO, although perhaps for reasons not immediately obvious.

Lepidico has raised $10.8 million via a rights issue, with the funds to go towards its lithium hydroxide production product.

When art adviser and private curator John Cruthers was asked what his mother, art collector Lady Sheila Cruthers, would think of him establishing the Sheila Foundation to promote women’s art, he said she would ask why it had taken him so long.

A major east coast homebuilder led by the former boss of BGC Residential is planning to expand its national footprint, and WA is in its sights.

PODCAST: Mark Pownall and Mark Beyer discuss indigenous business and reconciliation week, David Singleton, Simonds Group and residential construction, generational change at listed Perth companies, Black Swan, and our special report on the wine industry plus our Great for the State feature on health and well being.

The 9,200-kilometre Indigo subsea cable system that links Perth to Singapore and Sydney has been commissioned.

Petrol prices in Perth were the highest among any state capital in Australia for the most recent two quarters, according the Australia Competition and Consumer Commission.

James Packer has sold a $1.76 billion stake in Crown Resorts to Hong Kong-based Melco Resorts & Entertainment.

Many minority shareholders of Flinders Mines have voiced discontent at the conduct of their board.

The Australian share market has opened lower despite a positive lead from Wall Street.

Majors in renewed exploration drive

Oil prices fell almost four per cent overnight to their lowest in about two months on a smaller-than-expected decline in US crude inventories and fears of a global economic slowdown due to the US-China trade conflict.

Gold shook off headwinds from a stronger US dollar to scale a near two-week peak overnight as data pointed to easing inflationary pressure in the United States, boosting expectations of a further interest rate cut by the Federal Reserve.

Austal chief executive David Singleton believes the shipbuilder needs to gain a critical mass of female workers to permanently make an impact on gender equality in the industry.

Shipbuilder Austal has turned two major challenges – a cyber attack and the loss of a big naval contract – into positives, chief executive David Singleton told a Business News Success & Leadership breakfast today.

The Australian share market has closed lower for a second day amid gloomy prospects for global economic growth.

Australian Mines says it cannot explain sharp rises in its share price, after the ASX issued it with two queries in the space of seven days.

The federal court has ordered Garuda and Jetstar to pay $19 million and $1.95 million in penalties, respectively, after action taken by the Australian Consumer and Competition Commission.

Apartment developer Edge Visionary Living has added an 82-dwelling project in Subiaco to its burgeoning pipeline of works, with the firm continuing to find opportunities in a difficult multi-residential market.

OPINION: The economic pressure simmering away below the surface in many households was a key factor in the surprise federal election outcome.

SRG Global has secured a contract with GFG Liberty OneSteel at its Whyalla Steelworks site, worth up to $45 million.

Wealth manager AMP has been hit with a class action lawsuit for allegedly charging superannuation fund members unjustifiably high fees for an extended period of time.

Orthocell has capitalised on a sustained rally in its share price to raise $10.6 million via a share placement at 40 cents per share.

Australia's lowest paid workers will get a $21.60 a week pay rise.

The Australian share market has opened lower after losses on Wall Street overnight.