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Office sublease space ticks up

The first increase in Perth’s office sublease space in almost three years is an indication of growing confidence in the market, according to CBRE.

Mark my words podcast

Podcast: Mark Beyer and Mark Pownall discuss Northern Star Resources, Terry Agnew, legal issues, RCR Tomlinson, GovNext and our special report on professional services focuses on accountants.

Sustainable, collaborative giving

The growth of giving circles such as 100 Women and Impact100 WA is demonstrating that the model is a sustainable pathway for philanthropy.

WA may get industrial manslaughter laws

Industrial manslaughter laws may be introduced in Western Australia, Premier Mark McGowan says.

Georgiou wins $15m road contract

Georgiou Group has been awarded a $14.5 million state government contract for upgrades to the Great Eastern Highway near Glen Forrest.

Harvey Norman posts 16.4% FY profit drop

Harvey Norman's full-year profit has slumped 16.4 per cent to $375.4 million due to property revaluations and the furniture and electrical goods retailer's failed dairy farming investment.

Maca wins $700m coal contract

Welshpool-based MACA has secured a $700 million mining services contract at Carabella Resources’ Bluff coal project in Queensland for the next 10 years.

Aust shares open lower after Wall St drop

Australian shares have opened lower after falls on Wall Street overnight, with the materials sector weighing on the market following a dip in iron ore prices.

Morning Headlines

Capex darkens RBA’s rosy outlook for the economy

Wall St rally ends on rising tariff fears

US stocks have ended their four-day winning streak as risk reduction ahead of the long holiday weekend accelerated on growing trade anxieties.

Crude oil rises amid sanction concerns

Oil prices rose on Thursday to the highest in more than a month, extending gains on growing evidence of disruptions to crude supply from Iran and Venezuela and after a fall in US inventories.

Building approvals slow in July

WA dwelling approvals are 9 per cent lower than 12 months ago, although they have improved moderately in the past three months.

ASX falls short of new post-GFC high

The Australian share market closed flat on Thursday, falling back from a new post-GFC intra-day high after a late slump in banking stocks.

ClearVue signs Murdoch MOU

Specialist glass company ClearVue Technologies has signed an agreement with Murdoch University to build a $1.6 million greenhouse at its campus.

US business boosts Austal

A strong performance in the United States has underpinned a 150 per cent increase in profit for shipbuilder Austal, although chief executive David Singleton has said the company’s defeat in the offshore patrol vessel bid will mean a tougher future for its Henderson shipyard.

Sandfire jumps on profit boost

Shares in Karl Simich-led Sandfire Resources have jumped more than 8 per cent today after the company reported a record $123 million profit.

GovNext will not deliver planned savings

The Barnett government’s ambitious GovNext ICT program was based on flawed assumptions and will not achieve the anticipated savings but still holds potential to deliver significant benefits, a review has found.

Tax policy failure a missed opportunity

Opinion: Riding on a bus in Sydney almost two decades ago, my mother was worried we’d be homeless if the country went into a recession, as many were suggesting could happen after the Howard government introduced the GST.

Board moves: Ward, Minosora

Geoff Ward has been appointed as chief executive of local tech company Hazer Group, while Michael Minosora is set to chair junior explorer Golden Deeps.

Cimic JV wins $230m Main Roads contract

A joint venture between CIMIC Group's Ventia and international outfit Tyco has been awarded a $230 million Main Roads contract for electrical infrastructure maintenance across the state for up to seven years.

Can’t beat ’em, so join ’em

Opinion: A giant US retailer has embraced online sales and boosted its profit.

Corrupt WA shire CEO ensured partner's job

The chief executive of a West Australian shire acted corruptly when he ensured his partner became the strategic planning manager and increased her salary by $24,000 over four years, a report has revealed.

Northern Star in $347m gold buy

Northern Star Resources has announced the acquisition of a gold mine in Alaska for $US260 million ($347 million) from Japanese group Sumitomo, along with a $175 million share placement to fund the purchase.

Vodafone, TPG to become $15bn telco giant

Vodafone Australia and TPG Telecom have agreed to merge into a single $15 billion telecommunications firm in an effort to more effectively challenge telecoms giants Telstra and Optus.

Australian shares start higher

Australian shares have opened higher on the back of gains in healthcare, telecoms and materials shares, and in line with a rise on Wall Street overnight.

Morning Headlines

Rates on the rise: Westpac takes first shot with interest hike

US shares extend rally, tech leads S&P

US stocks have extended their rally with the S&P 500 and the Nasdaq hitting record highs for the fourth straight session as technology companies pushed indexes higher and promising trade negotiations stoked investor sentiment.

Oil rises as US stocks, Iran exports fall

Oil prices have risen more than one per cent, with Brent at its highest in seven weeks and US crude touching a three-week peak, supported by a drawdown in US crude and petrol stocks and reduced Iranian crude shipments as US sanctions deter buyers.

Bank rate hike fuels ASX gains

Rising bank stocks drove a late surge on the ASX on Wednesday after Westpac announced a hike in mortgage rates, adding to earlier gains from easing global trade tensions.

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