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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.

Settlers Tavern finds growth formula

Never settling for second best, a hardworking couple has spent the past 15 years transforming Margaret River’s local pub, Settlers Tavern, into a venue of national note.

Financial adviser ready for change

Troy MacMillan reckons his financial advisory firm is prepared for sweeping changes facing the sector, unlike many of his peers.

ASX bolts out the gate, RBA decision looms

The Australian share market has bolted out of the chute, climbing higher at the open with broad-based gains.

Morning Headlines

Payne’s trip ends Chinese freeze

Wall St boosted by defensive sectors

The S&P 500 has risen with boosts from financial, energy and defensive sectors as investors showed some caution on the eve of US congressional elections.

Oil mixed as US imposes sanctions on Iran

Oil prices were mixed after a steep five-day fall, as the United States formally imposed punitive sanctions on Iran but granted eight countries temporary waivers allowing them to keep buying oil from the Islamic Republic.

Gold holds tight range as US midterms loom

Gold inched lower as investors took some profits following a recent rally, but the metal traded within a narrow range as caution set in ahead of the US congressional elections.

$400m waste plant signs supply deal

Plans for a second waste-to-energy plant in Perth have advanced after the HZI consortium signed its fourth supply deal, with the City of Cockburn.

Runaway iron ore train derailed in WA

A runaway train loaded with iron ore travelled with no-one on board for 92 kilometres in Western Australia's Pilbara region before it was deliberately derailed.

Quay Perth set to open in 2019

The redevelopment of the former New Esplanade Hotel near Elizabeth Quay is scheduled for completion in the first quarter of 2019, with the new facility set to feature a rooftop bar and co-working spaces.

ASX closes down with healthcare dragging

The Australian share market has closed lower following a weak lead from Wall Street with energy and healthcare stocks remaining in the red.

Construction contractors on a roll

Four of the largest construction contractors in WA - unlisted companies Pindan, Georgiou Group, Doric/Jaxon and Perkins Builders - have achieved strong earnings and anticipate better conditions ahead.

Five-month slide in WA car sales

The downward trend in new vehicle sales in Western Australia has continued for a fifth straight month, according to the latest data from the Federal Chamber of Automotive Industries.

ACCC says NBN outperforms ADSL

The National Broadband Network is significantly outperforming ADSL services, according to a new report released by the consumer watchdog.

Mareterram flags earnings fall in 2018

Shark Bay shellfish producer Mareterram is set to report a fall in earnings for 2018 due to a significant reduction in prawn catch compared with last year.

Westpac profit flat as compensation bites

Westpac has reported a flat full-year profit of $8.07 billion after customer compensation and legal costs contributed to a weak second half at its consumer and wealth divisions.

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