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Shares close 38pts lower

The Australian share market has closed lower as investors took profits, and the Australian dollar has retreated as Reserve Bank of Australia deputy governor Guy Debelle hosed down speculation that the RBA was moving towards hiking interest rates.

CSR closes Perth factory

Building products company CSR has closed its Jandakot glass factory resulting in the loss of 58 jobs, though growth by competitors including Walshs Glass and Tough Glass will mitigate the impact.

Steady quarter for Atlas Iron

Atlas Iron has delivered a steady result for the three months to June and has reaffirmed its output guidance for FY18.

Paladin's Langer Heinrich stake worth $526m

Paladin Energy says it is entitled to receive about $US416 million for its majority stake in the Langer Heinrich uranium mine in Namibia, following an independent evaluation of the asset.

Attila completes New Century reverse takeover

New Century Resources has enjoyed fruitful gains on its first day of trading on the ASX after completing a reverse takeover of Perth-based Attila Resources.

Mark my words podcast

In this Business News podcast Mark Pownall and Mark Beyer discuss FMG's native title stoush, trucking sector restructuring, Quintis drama, economic update, honey, and the onshore oil and gas sector. 

Bankwest follows rival banks, raises rates

Bankwest is lifting mortgage rates for interest-only loans, following the lead from the big four banks, which already adjusted rates in an attempt to slow down riskier lending. 

FMG likely to appeal native title decision

Fortescue Metals Group is likely to lodge an appeal after the Federal Court recognised the Yindjibarndi people have exclusive rights over Pilbara land where the company operates the Solomon iron ore operation.

Steele-John to replace Ludlam in Senate

The 22-year-old disability advocate set to fill the Greens seat left vacant by Scott Ludlam has vowed to smash stereotypes and represent the interests of the young and disabled in federal parliament.

Optus to spend $1bn on regional coverage

Dunsborough, Gracetown and Monkey Mia will be among a number of locations around regional Australia that can expect better mobile coverage after Optus today confirmed plans to spend $1 billion to improve its network.  

Shares open 40pts lower

The Australian share market has opened lower with widespread losses, including falls from the heavyweight banks, miners and energy sectors.

Morning Headlines

Retirement fees to be probed

$A continues to rise against subdued $US

The Australian dollar has held on to gains after it received a boost from the latest employment numbers which showed another rise in full-time employment. 

Oil prices settle down after early rally

Oil settled lower in choppy trading, as nagging worries about abundant global crude supplies sank prices after an early rally boosted Brent above $50 per barrel for the first time since June 7.

Gold prices up as ECB comments lift euro

Gold prices rose to a three-week high after European Central Bank President Mario Draghi said ECB policymakers would discuss potential changes to the bank's bond-buying scheme in the autumn, lifting the euro to a 14-month high.

Native title winners seek Fortescue compo

Yindjibarndi Aboriginal Corporation will seek compensation from Fortescue Metals Group after the Federal Court recognised it has exclusive rights over Pilbara land where the company operates the Solomon hub.

Shares close 29pts higher

Another day of strong gains by the major banks, and a rally by energy stocks, has pushed the share market higher.

Bis in $1bn debt-for-equity deal

Bis Industries, one of the major transport players in Western Australia, will come under new ownership after a $1 billion debt-for-equity swap deal was struck with its major lenders.

Evolution hits targets

Evolution Mining has lifted output and cut costs in the June quarter, helping it comfortably achieve its full-year production and cost guidance.

Signs of growth in WA economy

There are signs of recovery in the local economy, with employment and sales activity numbers showing improved performance in June and a major report predicting further recovery next year.

Apiarists celebrate sweet certification success

A new certification process will help WA beekeepers capture a larger share of the global honey market.

Screenwest becomes an NFP

The state’s peak body for screen funding and development, Screenwest, has today formalised its transition from a government agency to an independent not-for-profit organisation.

Mixed results for Woodside

Energy giant Woodside Petroleum has posted a 6.6 per cent fall in second quarter production following outages at some of its facilities and lower share of pipeline gas from the North West Shelf. 

South32 output drops for most commodities

Shares in South 32 have fallen after the diversified miner's annual production of several commodities, including coal, dropped and the company missed its full-year production guidance on some of them.

Nuheara taps investors for $9m

Local tech company Nuheara has tapped investors for $9 million to fund ongoing development and enhancement of its IQbuds wireless headphones.

Shares open 25pts higher

The big banks and local energy companies have fuelled a strong start to trade on the Australian share market.

Morning Headlines

Origin gas find to feed east coast

$A strong ahead of employment data

The Australian dollar has continued to make gains, helped by a recovery in iron ore and oil prices and as traders stay bullish ahead of employment data later on Thursday.

Wall St at new highs as tech beats record

The major US stock indices have closed at record highs, helped partly by technology stocks, which surpassed a long-standing mark despite gains on the Dow being capped by a sharp drop in IBM shares.

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