The Australian share market has closed lower, dragged down by banking and health care stocks while the Australian dollar has fallen after the Reserve Bank held the cash rate at 1.5 per cent for the 26th straight month.
Having recently detailed a $US178 million ($248 million) capital cost for its Cadoux Kaolin alumina project, FYI Resources has now commenced a bankable feasibility study for the proposal.
The federal government expects the nation's resource and energy exports to hit a record of $252 billion in 2018-2019, buoyed by climbing prices for commodities such as natural gas and by a weaker Australian dollar.
Salt Lake Potash has signed a memorandum of understanding with Chinese fertiliser business Sinofert Holdings for an offtake agreement at the Perth-based company’s Goldfields salt lakes project.
Reserve Bank Governor Philip Lowe says Australia can expect inflation to rise, but unemployment to fall past its current six-year low of 5.3 per cent, as the central bank left the cash rate unchanged at 1.5 per cent for the 26th month in a row.
Local gold producer Millennium Minerals says it is on course to hit the top end of its guidance for 2018 on the back of a strong second-half performance.
Three years after taking a majority stake in Perth company DVG Automotive Group, Japanese outfit IDOM has made its first move into the east coast car market, purchasing Melbourne-based Andrews & Wallis Motor Group.
An Anzac memorial has been brought to life through an immersive light-based art installation initiated by cultural organisation FORM and the City of Albany.
Despite the damning testimony at the finance royal commission, the banks are likely to emerge largely unscathed; the same will not be true for aged care providers.
The Australian share market has opened flat, but rising oil and iron ore prices have lifted the energy and mining sectors, offsetting continued losses for the under-fire financials.
US stocks have advanced, led by gains in shares of technology and industrial companies, as a last-minute deal to save NAFTA as a trilateral pact raised hopes for progress in talks with other countries at the start of the fourth quarter.
Oil futures jumped more than $US2 a barrel, rising to levels not seen since November 2014, as US sanctions on Iran loom and a North American trade deal fosters growth.
Gold fell as investors favoured riskier assets after the United States and Canada salvaged NAFTA as a trilateral trade pact with Mexico, while expectations that a strong US economy would lead to higher borrowing costs also influenced sentiment.
The Australian share market has closed lower, dragged down by the financial sector after a correction to banking stocks following the release of the royal commission's interim report on Friday afternoon.
Poseidon Nickel has announced the resignations of long-time board members David Singleton and Chris Indermaur, with their replacements coming from major shareholders Black Mountain Metal and Squadron Resources.
Fortescue Metals Group has failed to get its hands on a crucial engineering report at the heart of a legal dispute with Canadian company TransAlta Corporation.
City of Perth commissioners have approved $300,000 in matched funding support to the Historic Heart of Perth revitalisation in the city's east end, one year after a dispute between property developer Adrian Fini and former lord mayor Lisa Scaffidi over the project flared up.
Perth company Stealth Global Holdings will start trading on the ASX tomorrow after completing a $12.5 million IPO and paying $9 million for local firm Heatleys Safety and Industrial.
Rio Tinto and its joint venture partners have given the green light to invest $2.1 billion across two iron ore projects that will employ 1,200 people in the Pilbara.
Lepidico is pleased to advise that the Renounceable Entitlements Offer announced on 3 September 2018 has been well supported by the Company’s shareholders and new investors and closed significantly
The downward trend in Perth’s housing market has continued in September, with the latest CoreLogic data showing a 0.6 per cent decline in house prices for the month.
Regis Resources has withdrawn its $85.3 million takeover proposal for Capricorn Metals, after the gold aspirant’s largest shareholder, Hawke’s Point, rejected the indicative deal.
Health care is the only major sector in the green as the Australian share market opened the public holiday lower, with the big banks weighing heavily after calls to extend the banking royal commission.
