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Oil rises on signs OPEC won't boost output

Oil futures rose more than one per cent on signs that OPEC would not be prepared to raise output to address shrinking supplies from Iran, and as Saudi Arabia signaled an informal target near current levels.

Gold price fades as US dollar gets a boost

Gold prices turned negative as the US dollar strengthened following news that China would retaliate against a new round of tariffs on its goods.

ASX down as tariffs create trade war worry

The Australian share market is on course for its second worst month of 2018 after the Trump administration announced additional trade tariffs on China.

Carmel, Aegis win Joondalup project

Property developer Carmel Group and Aegis Aged Care Group have been chosen to build a $100 million multigenerational development at the former Joondalup Basketball Stadium.

Holmes a Court to chair AGWA

The state government has announced Janet Holmes a Court will replace Sam Walsh as chair of the Art Gallery of WA, amidst uncertainty around the future of chief executive Stefano Carboni.

Aurora jumps on 3D print speeds

Shares in 3D printing firm Aurora Labs were up nearly 30 per cent today after the company said it had printed complex parts well above market average speeds using its large format technology.

Kalium flags $284m capex for Beyondie

Kalium Lakes has released a bankable feasibility study for its Beyondie sulphate of potash (SOP) project in the Pilbara, which the company says has compelling technical and economic outcomes.

$100k reward for berry tampering information

A $100,000 reward is being offered by the state government for information that leads to the conviction of anyone involved in contaminating strawberries with sewing needles in Western Australia.

ABS house price data at odds with CoreLogic

New data from the Australian Bureau of Statistics shows a less severe annual decline in Perth house prices than other sources.

Ramelius to head underground

Gold producer Ramelius Resources has announced plans to begin underground mining at its Edna May operation near Southern Cross early next year.

In a galaxy far, far away

A recent world first by WA researchers provides a glimpse of what to expect when the Square Kilometre Array is operational.

Wesfarmers startup picks CEO

Wesfarmers’ new technology agribusiness, Decipher, has appointed its first chief executive, after recruiting Anthony Walker from international geospatial services company AAM.

Kathmandu rewards staff after sales surge

Kathmandu is rewarding staff after the outdoor equipment retailer's full-year profit surged almost a third to $NZ50.5 million ($46.3 million) thanks to a big jump in Australian sales.

TPG Telecom FY profit dips 4.6% to $396.9m

TPG Telecom has reported a 4.6 per cent drop in full-year profit to $396.9 million after the NBN hit broadband margins and home phone revenue.

ASX opens lower after Trump's tariff call

Australian shares have opened lower after US President Donald Trump announced the imposition of additional trade tariffs on China.

Morning Headlines

Aged care stocks take a battering

Wall St slides ahead of tariff statement

US stocks have fallen, led by declines in technology and consumer discretionary stocks as investors looked to President Donald Trump's announcement regarding tariffs on $US200 billion of Chinese imports.

Oil price flat amid US-China tensions

Oil prices were little changed as the market weighed deepening trade tension between the US and China that is expected to dent global crude demand and potential supply tightening due to Iran sanctions.

Gold up on softer dollar, short-covering

A softer dollar and short-covering has lifted gold after two sessions of declines, but investors braced for more US-China trade tensions, with some buying bullion as a safe haven.

Panel makes adverse ruling on Tribune

The Takeovers Panel has made a finding of unacceptable circumstances against ASX-listed Tribune Resources, which is led by managing director Anthony Billis.

Market closes up 19.7pts

Australian shares have closed higher, lifted by the banks despite heavy losses to aged care stocks in reaction to the pending royal commission.

All Earth Group into administration

Maddington-based civil contractor All Earth Group, which held contracts on two state government projects, has gone into voluntary administration.

Juniors get down to business

SPECIAL REPORT: Several junior gold-focused companies in WA are vying to mature from exploration to production.

Miners consolidate holdings

SPECIAL REPORT: The state’s gold industry is planning to invest more than $1 billion in exploration and development to sustain continued modest growth in production.

House values forecast to decrease to 2020

New research from Moody's Analytics has forecast Perth house values to fall slightly in 2018, and again in 2019, before a slow recovery in 2020.

Mixed results for gold miners as output hits 6.6m oz

SPECIAL REPORT: WA’s 30 gold miners achieved a small increase in aggregate output last year with the state’s biggest producer, Newmont Mining, making up about a sixth of this at 1.1m ounces, research by Business News has found.

No strawberry tampering in WA: minister

Strawberry tampering did not happen in Western Australia despite the discovery of sewing needles secreted inside a punnet grown in the state and exported to South Australia, according to Health Minister Roger Cook.

Georgiou wins $70m project

Apartment developer Blackburne is proceeding with its Marina East project on the Ascot marina, with a construction contract awarded to local builder Georgiou Group.

Johnston to decide Kidman tenement fate

Shares in lithium hopeful Kidman Resources dropped 15 per cent to be $1.08 each after the company acknowledged a Warden’s Court ruling last week which recommended Kidman not be exempt from past minimum expenditure obligations on tenements at its Mt Holland project.

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