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ASX, AUD lift on US mid-term election day

The Australian share market was lifted higher by banking and energy stocks on a choppy day's trading as investors awaited the result of US mid-term elections.

Treasurer rejects gas pipeline purchase

Treasurer Josh Frydenberg has rejected a Chinese consortium's proposed $13 billion purchase of APA Group, saying the deal would result in an undue concentration of foreign ownership of the country's gas transmission pipelines.

BDO announces new chair

Accounting firm BDO has announced the appointment of Pippa Hobson as chair of the Perth office.

New MD for Chevron Australia

Petroleum giant Chevron today announced that Australian boss Nigel Hearne will move to the US, to be replaced by company veteran Al Williams.

BHP facing ore shortfall

BHP Billiton disclosed today that its iron ore stockpiles at Port Hedland will not be sufficient to cover the supply disruption caused by this week’s train derailment.

10,000 CBA customers answer CEO letter

More than 10,000 Commonwealth Bank customers have responded to chief executive Matt Comyn's request for feedback on how the bank does business.

ECU announces $48m science building

Multiplex has been awarded the construction contract for a $48 million science building at Edith Cowan University’s Joondalup campus.

NWS strikes LNG deal with Browse JV, Chevron

The Woodside-operated North West Shelf Venture has struck a preliminary deal to process LNG for the Browse project and Chevron’s Clio-Acme gas fields.

Kin responds to leaked report

The board of Kin Mining says costs at its Leonora gold project could have blown out by up to 50 per cent, after the explorer today released an engineering report that was leaked online earlier this week.

Golden State set for ASX debut after $4.6m IPO

West Perth-based Golden State Mining is set to list on the ASX tomorrow, after the company raised $4.6 million via an initial public offering.

Buy in to business social media

Opinion: The way we make connections is changing, led by technologies that enable us to ‘meet’ people worldwide.

Tech Scene - Appy Wedding

Appy Wedding is a wedding planning platform that allows users to browse real weddings to identify the best local suppliers.

UK charity invests in Perth drug trials

Duchenne UK and Australia-based Save Our Sons Duchenne Foundation have invested $620,000 in a UWA project seeking to treat Duchenne Muscular Dystrophy.

ASX subdued at the open, dollar climbs

Energy and materials stocks are keeping the Australian share market flat at the open, with the financial sector keeping the bourse's head above water.

Morning Headlines

Cooper & Oxley debts rise to $45m

Gold dips as stocks, $US firms amid vote

Gold fell as US equities and the dollar firmed ahead of the outcome of congressional elections in the United States, denting the precious metal's appeal.

Oil prices drop on Iran sanctions waivers

Oil prices have fallen further, with US crude futures sliding to an eight-month low, a day after Washington granted sanction waivers to top buyers of Iranian oil and as Iran said it had so far been able to sell as much oil as it needs to sell.

Wall St gains as investors look to US poll

Wall Street's major indexes have closed higher as voters headed to the polls in US midterm congressional elections and investors hoped the result would provide some relief for stocks after prolonged uncertainty.

ASX pulls ahead as RBA keeps rates steady

The Australian share market closed nearly one per cent higher after strong gains from banking, energy and resources stocks.

Strandline in $3m raising

Strandline Resources has boosted its coffers with a $3 million capital raising to fund development its mineral sands projects in Tanzania and Western Australia.

WA govt in $190m PEXA windfall

The state government is set to receive nearly $190 million by selling its stake in online settlements company Property Exchange Australia.

BHP suspends WA rail over runaway train

BHP Billiton's rail operations in the Pilbara are expected to be out of action for a week after a runaway train laden with iron ore travelled 92 kilometres with no-one on board before it was deliberately derailed.

Pindan wins RSL contract

Pindan has secured a state government contract as part of a project to build a new headquarters for the WA branch of the Returned and Services League on St Georges Terrace.

Streeter backs two Perth explorers

Terry Streeter-chaired Moho Resources is set to list on the ASX tomorrow, while the experienced mining executive has also been appointed to the board of Chile-focused explorer Emu.

South32 fined $65,000 over WA death

The death of an electrician, who was crushed between a lift car and the shaft at an alumina refinery in the state's south, has led to South32 being fined $65,000.

Westminster plans expansion with equity investment

Perth-based Westminster Insurance Brokers is confident of future growth after national player Coverforce took a minority stake taken in the business.

Lycopodium wins West African contract

Lycopodium has secured an engineering contract with Scarborough-based West African Resources for its Sanbrado gold project in Burkina Faso, which has commenced early works.

Wearable amputee tech wins pitch night

Medical device startup JR-TeCH has won first prize at last night's 2018 Perth Biodesign Pitch Night, producing a wearable technology for above-knee amputees.

Brown-Neaves tips in to Atop by MGroup

A Beeliar subdivision has attracted investment from one of the state’s best-known names in home building.

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