Latest Headlines

Consumer confidence plunges

Consumer confidence has posted its largest monthly fall in more than three years, weighed down by a number of factors including the decline in house prices, global trade wars, and even the Australian men's cricket team.

ASX opens flat after Brexit deal defeat

The Australian share market has opened flat as market sentiment is pulled in opposite directions by optimism about a Chinese economic stimulus package, and pessimism about the UK House of Commons defeat of the Brexit deal.

Morning Headlines

Almost 80 Australian seafarers will lose their jobs after BHP and BlueScope quietly brought an end to their use of the last two Australian-manned iron ore vessels.

Gold eases on stronger equities, dollar

Gold prices have eased as the US dollar rose and stock markets climbed, but further losses were capped by concerns over slowing economic growth and prospects of a pause in US interest rate hikes.

Oil rises on China stimulus hopes

Oil prices are about three per cent higher, supported by China's plan to introduce policies to stabilise a slowing economy, reversing the previous session's losses due to grim data in the world's second-largest economy.

Netflix boosts Wall St, banks disappoint

US stocks have risen, as hopes of more stimulus for China's slowing economy and a jump in Netflix shares helped investors look past disappointing earnings from JPMorgan and Wells Fargo.

ASX climbs on Chinese stimulus hints

The Australian share market has closed the day higher, boosted by signs from China the country is considering fresh measures to stimulate stuttering growth.

Wauters wins $16m contract

Albany-based firm Wauters Enterprises has been awarded a $16 million contract for stage two of the city's affordable student accommodation development.

Case for renewables, but coal will power on

Wind and solar generation backed by storage are competitive with coal and gas, according to a recent report by the CSIRO, but that does not mean coal-fired generation will be out of the picture.

Strata changes offer premium potential

Western Australia’s revamped strata regulations have made it easier for property owners to sell together and realise a higher premium than if they sold individually, particularly in strategic locations.

BHP overcooks local content claim

BHP Group will be double-checking its advertising copy in future after publishing full-page advertisements that mistakenly claimed major international business CPB Contractors was based in Western Australia.

Ausdrill CFO departs for Adelaide Brighton

Ausdrill has announced its chief financial officer Theresa Mlikota will leave company within the next three months to undertake the same role at ASX-listed construction materials and lime producer Adelaide Brighton.

Ed Harry enters voluntary administration

Menswear retailer Ed Harry, which employs 93 staff across 19 stores in Western Australia, has been placed in voluntary administration with an immediate clearance sale of merchandise coming into effect as creditors assess the business.

IOOF flags delay in ANZ pension deal

Wealth manager IOOF Holdings says its buyout of pension assets from ANZ Banking Group has been delayed by at least three months, as fallout from a damaging finance sector inquiry hits dealmaking.

Metals X posts 11% production increase

Metals X has announced encouraging production results at its Nifty copper mine in the Pilbara.

Reject Shop bidder wants full Xmas picture

Under-pressure retailer The Reject Shop says it expects half-year profit to match earlier guidance, but the firm circling for a takeover wants a clearer picture of the company's Christmas sales performance.

Policy risk topping Australian concerns: Allianz

More than a third of Australian risk management experts believe legislative and regulatory changes are the biggest threat to local businesses this year, ahead of a federal election and growing economic protectionism overseas.

Navitas to recommend acceptance of $2.1bn bid

Navitas directors have recommended shareholders accept an increased $2.1 billion takeover proposal by a consortium that includes its founder and former chief executive, Rod Jones, who says the new ownership would boost the company's prospects .

ASX subdued early after Wall Street fall

The Australian share market is subdued at the open after US stocks and most commodity prices fell on worries about Chinese economic growth.

Morning Headlines

Discounter Kmart will reduce its prices in an attempt to revive sales growth, which came to an abrupt halt in December after five years of uninterrupted gains.

Oil falls on concerns about China slowdown

Oil prices are down about one per cent, pressured by data showing weakening imports and exports in China that raised new worries about a global economic slowdown hurting crude demand.

Wall St slips on global slowdown worries

Technology shares have pulled Wall Street lower after an unexpected drop in China's exports in December reignited worries of a slowdown in global economic growth.

Gold prices gain after weak Chinese data

Gold prices have risen as global stocks fell on data showing China exports unexpectedly fell, pointing to further weakening in the world's second-largest economy and prompting investors to seek safety in the precious metal.

Weak China trade data weighs on ASX

Disappointing Chinese trade data has given Australia's mining and energy sectors a whack and kept the broader market flat after what promised to be a positive start to the week.

Rio’s force majeure on iron ore

Rio Tinto has halted exports of iron ore to some of its customers, after a fire last Thursday engulfed parts of its Cape Lambert export facility, located 40 kilometres north of Karratha.

Perth property recovery a slow road: Riskwise

Property investors in Perth are facing a bleak outlook, according to new research, which showed a combination of oversupply of units and apartments, lending restrictions and low rental returns would result in 15 per cent negative growth over the next five years.

Qube, Mirrat shortlisted for port expansion

The Pilbara Ports Authority has short-listed two specialist logistics companies for the development of new general cargo facilities at Port Hedland.

Slow ramp up at Altura's Pilgangoora lithium

Processing plant problems at Altura Mining’s Pilgangoora lithium mine have slowed output ramp-up, with about 24,000 tonnes of lithium shipped so far from the 220,000tpa facility, nearly six months after production began.

Sheffield appoints UBS

Sheffield Resources has appointed global investment bank UBS as its corporate adviser to help assess potential investments by a strategic partner in the Thunderbird mineral sands project in the Kimberley.