US crude prices turned negative as President Donald Trump said he hoped there would be no oil output reductions, after Saudi Arabia said OPEC was considering cutting supply next year, citing softening demand.
Gold slid to its lowest level in a month overnight as the dollar rose to 16-month highs, boosted by the US Federal Reserve's hawkish interest rate policy and political uncertainty in Europe.
Wall Street's major indexes declined, with the S&P 500 weighed by technology and financial stocks as shares of Apple and Goldman Sachs came under pressure.
Poorly performing copper miner Metals X has appointed Damien Marantelli as its new managing director, with incumbent Warren Hallam and chief operating officer Allan King leaving the company.
Mineral Resources has confirmed that about 30 empty iron ore wagons were derailed on a return train trip to the company’s Koolyanobbing mine near Southern Cross on Sunday.
Two local junior explorers have announced capital raisings, with Arafura Resources to launch a $3 million share purchase plan and Encounter Resources receiving a $1.8 million investment from Peter Bradford-led Independence Group.
Lithium producer Pilbara Minerals has resolved to approve the stage two expansion at its Pilgangoora mine once all necessary approvals and funding have been secured.
Kimberley Wild Expeditions, a member of the Indigenous Champions Program, won the tourism industry’s highest prize over the weekend, just days after the Tourism Council WA called on the state government to maintain funding for Aboriginal tourism.
Sheffield Resources has confirmed GR Engineering Services will design and build the processing plant for the mineral sands-focused company’s Thunderbird project in the Kimberley.
Healthscope has opened its books to Brookfield Capital Partners after the private equity firm made a $4.5 billion play for the private hospital operator, trumping a rival offer already on the table.
The board of Navitas has rebuffed a $2 billion takeover offer from a consortium of investors, which includes co-founder Rod Jones, saying the deal is well below its valuation of the education services company.
Ramelius Resources has increased its takeover bid for gold-focused Explaurum, with the miner making an indicative $73.4 million offer after its first proposal was rejected.
AMP Capital will begin a long-awaited $800 million development at Karrinyup Shopping Centre next week, increasing the size of the centre from about 60,000sqm to almost 110,000sqm.
ANNIVERSARY SPECIAL: A boom-bust economic cycle and wrangles over GST funding are two of the challenges to have faced WA’s political leaders over the past 25 years. This article is part of a special series to mark Business News' 25-year anniversary.
Heavyweight banking and mining shares dragged on the market during early trade, with Australian shares opening the new week lower in the wake of a Wall Street sell-off and concerns over a Chinese economic slowdown.
Oil prices have fallen nearly a percentage point as global supply increased and investors worried demand growth could slow, pressuring US crude to its longest stretch of daily declines since 1984.
Gold has fallen by more than a percentage point to a one-month low as the US dollar strengthened after the Federal Reserve reaffirmed its monetary tightening stance, seen as a negative for non-yielding bullion.
Woolworths has announced the sale of its 540 petrol stations to UK-based EG Group for $1.73 billion, months after BP pulled out of a deal to buy the fuel business.
Albemarle Corporation has revised the construction schedule for its $1 billion lithium plant at Kemerton, with site works due to start next month and the US company accelerating expansion of the project.
A late rally from banking and health care stocks limited losses to the local indices but falling oil prices ensured the energy sector would drag the Australian share market lower at the close.
BHP Billiton says the wreckage from its derailed iron ore train has been cleared and the miner is confident of resuming rail operations early next week.
PODCAST: In this podcast Mark Pownall and Mark Beyer discuss the BHP derailment, lithium plant approval, North West Shelf Gas agreements, construction news, hotel developments, PEXA sale, and our special report on WA's innovation awards.
Lendlease's chief executive says he is embarrassed by the problems that have forced the construction company to take a $350 million post-tax impairment in its first-half results.
National automotive services business AMA Group has struck a $68 million deal with new investors, which includes a big share selldown by management, after Perth-based Andrew Hopkins became the company’s chief executive.
Shares in Altura Mining have finished 36 per cent higher today after the lithium producer announced an offtake deal with Chinese company Ganfeng Lithium.
Local banking and health care stocks have jumped at the open, but meaningful early gains for the Australian market have been wiped out by the materials and energy sectors.
