Latest Headlines

Exploration spend up 13 per cent: BDO

Exploration spending among ASX-listed resources juniors increased about 13 per cent in the December quarter, the third consecutive uptick, according to recent research by professional services firm BDO.

New UWA leader rolls on with transformation

The appointment of Dawn Freshwater as vice-chancellor at the University of Western Australia brings an unusual combination of internal candidate and agent of change.

Langoulant blasts GST strategy

OPINION: The former WA under treasurer urges Mark McGowan to tackle state spending and secure federal funding for key infrastructure projects.

Leading front on equity agenda

WA has the largest gender pay gap in the country, and Perth's top business leaders are determined to do something to change that.

Mark my words podcast

In this Business News podcast, Mark Pownall and Mark Beyer discuss TFS- Quintis, Kerry Stokes and mining investment, Western Force's prospectus and who are the state's Most Influential people?

Shares close 45pts higher

The Australian share market has staged an end-of-week recovery as investors rekindle their belief that US President Donald Trump will be able to address the issue of tax cuts regardless of the outcome of his efforts to repeal Obamacare.

Sheffield's Thunderbird to cost $348m

Sheffield Resources has moved to the next stage of progressing its Thunderbird mineral sands project near Derby, after releasing a bankable feasibility study which revealed a development capex of $348 million.

NWQ in US expansion, appointment moves

West Perth-based hedge fund NWQ Capital Management has revealed it will be targeting the huge US financial sector with a new offshore fund, on the same day it announced former Bennelong Funds director Tara Bell would be appointed managing director of research.

Paladin to take action against JV partner

Uranium miner Paladin Energy says it has started arbitration proceedings against its Chinese joint venture partner over complications with its plans to sell a stake in its Langer Heinrich mine.

ANZ, CBA follow rivals with mortgage hikes

ANZ Banking Group and Commonwealth Bank of Australia have raised mortgage rates, with all four of Australia's big banks now having moved out-of-cycle since the US Federal Reserve hiked its cash rate last week.

Construction deal for $6bn Balla Balla iron ore project

Todd Corporation-controlled BBI Group has signed an agreement with a Chinese firm for construction of the $6 billion Balla Balla iron ore project in the Pilbara.

Downer down on $1.01bn raising plans

Shares in infrastructure and mining services company Downer have fallen more than 20 per cent after institutional investors showed limited enthusiasm for a capital raising to help fund its $1.26 billion takeover of cleaning and catering firm Spotless Group.

GST share below expectations

New state Treasurer Ben Wyatt has labelled the latest recommended GST distribution "abysmal" and a threat to the state's finances after the Commonwealth Grants Commission recommended Western Australia receive 34.4 per cent of its per capita share. 

Empired raises $16m

IT services provider Empired has tapped investors for $16 million to pay off debt and meet $7.7 million in outstanding vendor payments.

App/tech business of the week ~ FilteredHQ

FilteredHQ is an online subscriptions platform that tracks emerging technology, business models and global startups.

Fortescue to pay off another $US1bn debt

Iron ore miner Fortescue Metals Group is taking further advantage of stronger iron ore prices by paying off another large chunk of its debt.

East Perth hotel sold for $50 million

A Singaporean investment group has taken a long-term view on Perth's hotels sector, shrugging off plunging room rates and a massive wave of new developments to purchase the Crowne Plaza Perth for $50 million.

Shares open 33pts higher

Australian shares are sharply higher, bucking the lead from Wall Street which closed mostly flat due to concerns over a delay to President Trump's first major reform bill's passage through Congress

Morning Headlines

Li offers more trade, at a price

Wall St down as US healthcare vote delayed

Wall Street has declined after US lawmakers delayed a vote on a healthcare bill seen as President Donald Trump's first policy test.

$A down against $US

The Australian dollar is lower against its US counterpart, and the yen and the euro, as the local currency underperforms while the greenback remains steady.

Oil slips as inventories curb recovery

Oil prices have dipped, struggling to recover from four-month lows because of investor concerns that OPEC-led supply cuts were not yet reducing record US crude inventories.

Gold edges down on firmer US dolla

Gold prices slip as the US dollar firms slightly, while palladium extends gains to hit a two-year high on economic data and demand from the automobile sector.

Mitsui in the frame after Walsh appointment

The appointment of Sam Walsh as a director of Mitsui & Company this week has brought attention to the usually low-profile Japanese multinational, which according to BNiQ Search Engine data has been a major investor in Western Australia's resources industry and is one of the state's largest exporters.

Asic reviewing Harvey Norman's accounts

Two days after Harvey Norman rejected a claim that the Australian Securities and Investments Commission was reviewing its accounts, the retail giant has said the corporate watchdog is undertaking a "routine review".

Shares close 23pts higher

The share market has posted a small gain as investors recuperated some of the losses from a Wall Street-led sell-off on Wednesday.

Quintis shares continue slide

Freshly renamed Indian sandalwood producer Quintis has suffered another share price slide, prompting a query from the ASX, following short-seller Glaucus Research Group's scathing report into the Nedlands-based business yesterday.

This week's property round-up

OPINION: Sales activity experienced a contraction over the week, with Reiwa members reporting a decrease in weekly sales to 650.

Access, interaction key features of Aloft offering

One of the newest entrants to Perth's hotels sector is promising a radically different approach to hospitality.