US stocks have started the day with little change as gains in technology stocks helped the Nasdaq regain footing and curbed losses in the materials and industrials sectors after fears of an escalation in the Sino-US trade spat.
Oil prices rose more than two per cent as US sanctions squeezed Iranian crude exports and after US crude oil production in 2019 was forecast to grow at a slower rate than previously expected, prompting supply concerns.
ASX-listed Volt Power Group has suffered a major setback after BHP suspended its long-runing service relationship with wholly-owned subsidiary Wescone Distribution, less than a year after Volt bought Wescone.
Woolworths is facing a potential $100 million class action launched on behalf of investors whose shares lost value following a shock 2015 profit downgrade by the supermarket giant.
Perth company Parkd has struck a deal with property developer Vector Management to evaluate construction of a $9 million car park in the inner city, while the state government has announced plans for a $32 million car park at Forrestfield.
Perth-based Australian Mines has secured a $US12 million convertible note facility with a New York fund, as it seeks to continue development of a Queensland cobalt project and completes the acquisition of a second cobalt deposit.
Prime Minister Scott Morrison has guaranteed his government will deliver the GST distribution solution promised under Malcolm Turnbull's leadership before the next election, and will even consider legislation if necessary.
Lithium producer Altura Mining has secured an additional $US15 million of debt funding to support a second stage expansion and the ongoing ramp-up of its Pilgangoora operation, after officially opening the project last week.
Empired subsidiary Intergen has won a $9 million-plus contract to develop a digital transformation program for New Zealand’s Department of Internal Affairs.
With higher fines, longer prison sentences and possibly industrial manslaughter laws coming to WA, Business News has analysed trends in workplace fatalities.
Australian shares are higher in morning trade after a stronger performance on Wall Street overnight where investors are eyeing another round of tax cuts for US businesses.
US stock indexes have opened higher, boosted by the consumer discretionary sector, while hopes for a new round of tax cuts overshadowed fears of an escalation in the Sino-US trade war.
Aspire Mining is pleased to announce that pre-commitments for the minimum $1.7 million dollar raising condition of the $15m Strategic Funding package have been received.
Early works for the Yanchep rail extension and Thornlie to Cockburn link will be contracted separately, as the state government attempts to give opportunities for smaller players after combining the main portions of the two projects into one package.
The Supreme Court has dismissed a defamation claim brought by former Quintis managing director Frank Wilson, after the trial judge said he was surprised by Mr Wilson's asserted lack of knowledge of the sandalwood producer’s contracts.
Mineral Resources has continued to diversify its interests, taking a $2 million stake in West Perth-based Barra Resources, which is developing the Mt Thirsty cobalt project near Norseman.
The state government has announced that Fairbridge WA will take over operation of six camp schools across the state, while parent group Family Support WA will manage Landsdale Farm in Perth's northern suburbs.
Resource Development Group has announced plans to acquire a 30 per cent stake in a gold project from Bullseye Mining, which is currently the subject of a takeover offer and board spill.
Ramelius Resources has launched a $59.2 million hostile takeover bid for exploration company Explaurum, which is aiming to develop its Tampia Hill gold project in the Wheatbelt.
CIMIC Group subsidiary Thiess has won a $190 million contract extension for mining services at BHP Billiton Nickel West’s Leinster underground mine, where it has operated since 2016.
