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Morning Headlines

Rio workers exposed to 'toxic gas'

Oil edges up ahead of US storage data

Oil prices edged up overnight after the Organisation of the Petroleum Exporting Countries said it saw no signs of global recession and rival US shale oil production could grow by much less than expected in 2020.

Gold rises amid trade deal doubts

Gold gained overnight as US President Donald Trump's speech on the trade ties with China diminished optimism for a deal and dented risk appetite.

Civmec, AusGroup report patchy results

WA-based construction contractors Civmec and Ausgroup have both reported a dip in quarterly profits as they gear up for an increase in maintenance work and new projects.

Smaller South Perth towers head back to JDAP

Two previously-rejected South Perth apartment proposals will be reassessed by planning authorities next week, with local developer Sirona Capital and a private Singaporean group scaling back their towers in efforts to win approval.

ASX disappoints again with 55-point drop

The Australian share market has fallen, with every sector save one in the red, after US President Donald Trump threatened to escalate his trade war with China if the two countries can't reach a deal.

Yolk, Ventura picked for housing project

A new land and house development is set to revitalise the former Kinlock Primary School site in Ferndale, with Yolk Property Group and Ventura Home Group appointed as project managers.

Affordability plus in housing downturn

Perth's residential downturn has provided a strong boost to housing affordability, but there remains just two regions in the city where it is cheaper to buy than rent.

FIFO worker in WA court on murder charge

A 30-year-old FIFO worker accused of murdering a colleague on a Pilbara mine site has faced a West Australian court.

FMG signs $8m in farm-ins

Fortescue Metals Group has agreed to a $6 million farm-in with Carawine Resources to explore its Paterson project in Western Australia, and a $2 million farm-in with Reward Minerals to explore its potash tenements in the McKay range.

Breaker to raise $8m

Junior gold explorer Breaker Resources has agreed to a non-brokered $8 million placement to a private equity fund managed by New York-based Electrum Group, with the proceeds to fund drilling activities at Breaker’s Lake Roe mine in Western Australia.

Wages growth slipped in Sept quarter

Wages growth softened as expected in the September quarter, offering more insight into why household consumption remains sluggish.

Afterpay live on eBay Australia in 2020

Afterpay will be available on eBay's local site next year in what the buy now, pay later service says represents its largest online arrangement in Australia.

Science, business and the final frontier

WA is uniquely equipped to become a global leader in the space industry, according to the state’s scientist of the year.

Concerted effort needed to change toxic online culture

Businesses need to step up and work with schools to support initiatives and programs to counter online bullying.

Maximising student wellbeing

A suggestion by the Productivity Commission that Australia should employ wellbeing leaders to oversee mental health policy has raised debate over how schools can best approach mental health.

ASX dragged down by falls in miners, banks

The Australian share market has moved lower, dragged down by falls in the heavyweight mining and financial sectors.

Morning Headlines

Canavan calls for good faith to settle Browse deal

Oil steadies as trade deal hopes dim

Oil prices were little changed overnight after paring gains of about 1.0 per cent following a speech from US President Donald Trump that offered few new details about his country's trade talks with China.

Gold dips amid appetite for riskier assets

Gold slipped overnight to its lowest in more than three months on increased appetite for riskier assets while US President Donald Trump failed to provide any information on the trade deal with China in his speech.

WestStar expands services with new acquisition

Perth-based WestStar Industrial has increased its service capabilities with the acquisition of oil and gas-focused steel fabricator Alltype Engineering.

Mine tech pioneer lifts export focus

Kewdale company RCT has pioneered a lot of technology used in the mining industry, and its increased focus on export markets has lifted sales to a record level.

Hofmann seizes new opportunities

Bassendean-based Hofmann Engineering has credited increased orders from the mining sector and a major contract in the defence sector as the major drivers behind a surge in revenue to a record $149 million in its 50th year in business.

ASX closes lower, with most sectors down

The Australian share market has given up some of Monday's gains, pulled lower by ex-dividend Westpac and the health care sector.

Woodside takes quantum leap

Quantum computing is the next technology frontier for gas producer Woodside Petroleum, with the Perth-based business today becoming the first in Australia to join IBM’s Q Network.

Pantoro puts $25m price tag on plant refurbishment

Gold producer Pantoro announced it has completed a processing plant options review and scoping estimate at the Norseman processing facility in Western Australia.

Spectrum defends VMC’s claim

Spectrum Metals announced it has filed and served its defence to a claim from Venus Metals Corporation in relation to Spectrum’s acquisition of DJ Carmichael’s Penny West gold project in Western Australia.

Three explorers raise $9m

Venus Metals Corporation has entered into an underwriting agreement with Ord Minnett to exercise $5.7 million worth of options to progress exploration activities at its base metal projects in Western Australia.

Panoramic criticises IGO offer

Panoramic Resources has advised shareholders not to take action in respect of the off-market takeover offer launched last week by Independence Group, while also criticising some of the conditions attached to the offer.

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