The Nasdaq Composite fell on Thursday as Facebook led a selloff in technology stocks, but the Dow gained as fears of a transatlantic trade war eased after the European Union and the United States agreed to negotiate on tariffs.
Two Perth companies have announced board moves with political connections, with Austal director Jim McDowell leaving to take a powerful job with the South Australian government and IT company Cirrus Networks appointing Paul Everingham as a non-executive director.
Resource Development Group has made its first major purchase since the sale of three subsidiaries in 2015, buying a majority stake in mining services business Mineral Solutions Australia for $2.8 million.
The Australian share market has closed flat on Thursday, despite gains for local energy and gold stocks and a positive overnight lead from Wall Street.
Design firm HASSELL has been appointed as the architects for the new $17.8 million South Regional Tafe Esperance campus, with planning and design works now under way.
Newcrest Mining's fourth-quarter gold output has risen 15 per cent as a timely uptick in production at its flagship Cadia mine enabled it to meet production targets.
Nedlands-based NeuroScientific Biopharmaceuticals, which has been bankrolled by the Clough family, is set to begin trading on the ASX tomorrow, after raising $6 million via an initial public offering.
Nine Entertainment and Fairfax Media have announced a surprise move to combine into a single $4 billion media giant they say will reach more than half of Australia through television, online, print and radio.
Gold has ticked higher, but was still hovering near one-year lows as the dollar slipped, while a lack of clarity over where a trade dispute between the United States and Europe is heading kept markets mostly rangebound.
Oil prices have risen for the second consecutive day after US government data showed domestic crude inventories fell to their lowest levels since February 2015, easing worries about oversupply that have weighed on markets in recent weeks.
The S&P 500 has opened flat as gains in technology shares offset weak earnings from Boeing, General Motors and AT&T, while investors eyed a meeting between President Donald Trump and the head of the European Commission on trade.
Mining and technology entrepreneur Charlie Bass has flagged six industries, including medicine, agriculture and the arts, that offer Western Australia the opportunity to forge a more sustainable economy.
West Perth-based oil junior Triangle Energy has revealed a leak at its Cliff Head oil platform, about 300 kilometres north of Perth, although the company said the spill was substantially less than 10,000 litres.
St Hilda’s Anglican School for Girls has appointed the current head of the Australian International School in Singapore, Fiona Johnston, as its new principal for 2019.
Fleetwood Corporation has continued with a major reshaping of its business, announcing two acquisitions on the east coast and a $60 million capital raising, one month after selling its caravan manufacturing business.
Civil engineering contractor Ertech has been chosen to deliver the first stage of the City of Rockingham’s plans for a $15.7 million revitalisation of its foreshore precinct, with construction to start on Monday.
Talison Lithium has confirmed it will build a third concentrator at the Greenbushes lithium mine to boost output to 1.95 million tonnes per annum, but the owner of tantalum rights at the project has again warned the expansion will be subject to an ongoing legal battle.
Car rental and mechanical service company Thrifty WA has begun a $20 million expansion of its operations in the Goldfields, a new branch at Kalgoorlie-Boulder Airport.
Perth inflation has hit its highest level since 2015, with prices rising 1.1 per cent in the year to June, while national data has again come in below expectations, signalling a likely continuation of loose monetary policy.
Oil prices have risen as the market shifts focus to the possibility of increased Chinese demand, drawing attention away from oversupply worries and trade tensions between China and the United States.
