Wall Street's major indexes have risen on optimism over trade talks between the United States and China, though they fell from session highs after President Donald Trump criticised the Federal Reserve for raising interest rates.
ASX-listed Transmetro Corporation, the owner and operator of the Metro Hotels group, has sold a surplus landholding adjacent to its Metro Hotel Perth on Canning Highway for $3.18 million.
US group Black Mountain Metals has threatened to walk away from its proposed $66 million takeover bid for Poseidon Nickel after the local company disclosed it was pursuing a substantial capital raising.
SPECIAL REPORT: The reinvention of retail assets has taken centre stage when it comes to online competition, with centre owners, developers and tenants seeking to create experience-driven destinations.
Australian shares have ended Monday slightly higher despite falls for the major banks, as mining stocks gained ground and reporting season began its busiest week.
SPECIAL REPORT: New retail property developments are driving offerings that capitalise on lifestyle needs, but five of the biggest projects are yet to push the button.
Mining equipment company Imdex has attributed a big jump in revenue for the 2018 financial year to improved market conditions in the resources sector and growing interest in the company’s technology offerings.
The Corruption and Crime Commission has released its second damning report in less than a week, calling for criminal charges against a former Horizon Power IT manager, his business partner and his accountant.
Newly-listed Wide Open Agriculture has signed a management agreement with a Netherlands-based investor and a group of Western Australian farmers in relation to a $4.3 million property in the Wheatbelt.
Fortescue Metals Group has posted a 58 per cent drop in annual profit for the 2018 financial year compared with the previous period, but has increased its dividend payout ratio to shareholders.
Retail giant Woolworths has posted a 12.5 per cent jump in annual net profit but has flagged that supermarket sales in the new financial year have come under pressure by the removal of single-use plastic bags.
US stocks have closed higher with the S&P 500 and the Dow Jones Industrial Average extending gains and the Nasdaq turning positive on reports of progress in tariff disputes between the United States and its trading partners China and Mexico.
Crude prices rose on Friday, but declined on the week on worries that oversupply would weigh on the US market while trade disputes and slowing global economic growth would dampen demand for oil.
This week Mark My Words covers a broad range of topics including international students, health department corruption, liquor licenses, Ausdrill and Barminco merging, our exclusive report on retail property, and our special projects list.
Midland Brick founder, the late Ric New, has been honoured for his influence on Western Australia’s building industry, receiving the Master Builders Association’s Robert Law award.
Australian shares have closed higher and the benchmark index has established a fresh 10-year high as an easing in US-China trade worries underpinned a week of solid company results.
Privately-held US group Black Mountain Metals, which has recruited three experienced Perth mining executives to its leadership team, has flagged a takeover bid for Poseidon Nickel at six cents per share.
Adco Constructions has broken ground on SwanCare’s $55 million retirement living and aged care project at Bentley Park, which will include a new residential care facility as well as a leisure precinct.
A new artificial reef sunk in the Exmouth Gulf this week is expected to add significant value to marine research and recreational fishing opportunities in the waterway.
Global Energy Ventures is developing a plan to develop stranded gas fields in Malaysia using its floating compressed natural gas technology, after signing a letter of intent with Kuala Lumpur-based Tamarind Resources.
Former chief executive of Craig Mostyn Group David Lock has been appointed independent director of the CBH Group board, replacing current member David Willis.
The next move for interest rates is up, but the outlook for jobs is good and a wage rise could be around the corner, says Reserve Bank governor Philip Lowe.
Subiaco-based oil and gas junior Calima Energy has raised $25 million through a placement, and aims to pick up a further $40 million through debt to underpin a drilling campaign at its Canadian exploration tenements.
Evolution Mining has lifted full-year profit 21 per cent to $263.4 million, helped by the sale of its Edna May gold mine in Western Australia for $90 million.
Australian shares have opened subdued, , despite Wall Street rallying overnight, as weakness in materials and healthcare shares continues to weigh amid a cautious approach by investors.
