NRW Holdings has denied media speculation it is in advanced discussions to acquire BGC Contracting, but it has not explicitly ruled out interest in the privately owned business.
Some financial institutions may face additional capital requirements after the prudential regulator said many show the same weak risk-assessment capabilities it found last year at the Commonwealth Bank of Australia.
Fortescue Metals Group’s has given the green light to its US$287 million ($417 million) Queens Valley mining area development, after it received all necessary environmental and heritage approvals.
Oil futures were steady as the prospect of mounting US-Iran tensions disrupting supply was offset by concerns that a lengthy trade war between Washington and Beijing would limit crude demand.
Gold prices have dropped to the lowest in more than two weeks, as the dollar strengthened along with equities and other riskier assets ahead of the US Federal Reserve's release of minutes from its latest meeting.
Family-owned logistics company Lionel Samson Sadleirs has recruited former Automotive Holdings Group general manager David Cole as its new chief executive, while chairman Michael Smith has given no
Myanmar Metals is seeking to raise $30 million for its flagship Bawdwin zinc-lead project in the South East Asian country, via a share placement and rights issue.
The Australian share market has recouped early losses to finish higher for a fifth day, setting a fresh 11 1/2 year high following a strong performance by banks and property shares.
ASX-listed Strike Energy will not receive its federal government research and development tax credits for the 2018 financial year, a week after West Perth-based Northern Minerals was ordered to pay back 50 per cent of its $21.56 million R&D rebate for the same financial year.
NRW Holdings’ subsidiary, RCR Mining Technologies, has secured $18 million worth of works at Rio Tinto’s Koodiaderi project, less than a week after NRW announced it won a $137 million contract at the $3.5 billion iron ore development.
Australia's tax agency says it can retrospectively deliver tax cuts if the coalition's proposal doesn't pass through parliament before the end of the financial year.
The Reserve Bank of Australia looks likely to cut the cash rate in June after Governor Philip Lowe said board members would discuss the move at their next monthly meeting.
Clive Palmer's estranged Chinese joint venture partner has largely lost an appeal over royalties from their massive iron ore project in Western Australia's Pilbara.
Seven West Media has flagged a fall in full-year earnings of up to $25.6 million, which the Kerry Stokes-owned company blamed on a weak advertising market.
Oil prices rose to multi-week highs overnight before easing later in the session as OPEC indicated it was likely to maintain production cuts that have helped boost prices this year.
Gold steadied overnight after recovering slightly from a more than two-week low hit earlier in the session, as equity markets fell ahead of the US Federal Reserve's release of minutes from its last meeting.
Norwood Systems has closed its partially underwritten one-for-four entitlement offer, raising $1 million. Valid applications were made for $289,786 of shares, at 0.3 cents a share.
Plaak utilises its proprietary Phaeton Blockchain technology to function as a secure digital wallet and facilitate instantaneous peer to peer transactions of Bitcoin, Ethereum, Ripple, Verge and other popular digital currencies.
About $150 million of non-lithium projects for the battery industry are in the pipeline for Kwinana, with Magellan Power and Pilbara Metals Group the latest proponents.
Venture Minerals will undertake a share placement and rights issue, with the funds set to fast-track the restart of its Riley iron ore mine in Tasmania.
