Latest Headlines

Morning Headlines

PM’s $9.2bn tax cut plan for election

Gold gains as greenback, stocks slide

Gold has risen as a slide in the US dollar makes bullion more attractive for holders of other currencies, while some investors have taken cover as stocks globally slipped into the red ahead of the US Federal Reserve's two-day policy meeting.

Wall St tumbles more than two per cent

Wall Street’s major indices have slid more than two per cent, with the benchmark S&P 500 closing at its lowest level in 14 months, on concerns of slowing economic growth before a decision from the Federal Reserve this week on the course of interest rate hikes.

Oil dips as supply, growth worries weigh

Oil prices fell about one per cent overnight on signs of oversupply in the United States and as investor sentiment remained under pressure from concern over global economic growth and fuel demand.

Sam Walsh to chair Gold Corp

The state government has selected former Rio Tinto boss and current Mitsui & Co director Sam Walsh as the new chair of Perth Mint operator Gold Corporation.

Miners push ASX higher despite banks' drag

The Australian share market has closed higher after an afternoon rally led by the materials sector.

India slip to 2-15, chasing 287 in Perth

India have crashed to 2-15 after being set a target of 287 runs to win the second Test and take an unassailable 2-0 series lead in Perth, where a demonic pitch has Australia's quicks licking their lips on day four.

Perth Airport launches $11.3m writ against Qantas

Perth Airport has commenced legal action in the Supreme Court of Western Australia against Qantas to recover $11.3 million in unpaid charges for using its facilities.

Woodside moves forward in Senegal

Front end engineering and design work for Woodside Petroleum’s SNE oil development in Senegal has been awarded to Subsea Integration Alliance, with a final investment decision penciled in for mid-2019, after a long dispute among the project’s partners.

Austal locks in US contract, $80m govt loan

Austal has secured a contract to build two vessels for the US Navy, while also announcing that the Commonwealth has agreed to loan the government of Trinidad & Tobago $80 million to support a purchase from the local shipbuilder.

BHP to pay $US5.2bn in special dividend

BHP is handing back the last of the $US5.2 billion from the sale of its onshore US assets through a special dividend.

Scott, Coleman, Ellison make their marks

SPECIAL REPORT: Three businessmen will have more impact than most on the state’s economic future, with Peter Coleman leading an oil and gas revival, Chris Ellison building a lithium empire, and Rob Scott reshaping Wesfarmers.

Canning’s growth legacy

SPECIAL REPORT: As he takes his final bow next year, Marcus Canning will leave a legacy of major change to the artistic and cultural vibrancy of Perth.

McGowan hits targets, Cormann prominent

SPECIAL REPORT: Mathias Cormann has been deeply entwined in the federal government’s fortunes this year, while a win on GST distribution has boosted standing for Mark McGowan and Ben Wyatt.

Forrest’s contribution a standout

SPECIAL REPORT: In business and philanthropy, executive diversity and on the sports field, it has been quite a year for Andrew Forrest.

Banks, tech shares drag on subdued ASX

Australian shares are flat at the start of a new trading week with early losses for the big banks cancelling out gains for mining and utilities stocks.

Morning Headlines

Coalition $30bn in the black

Wall St tumbles on global growth worries

Wall Street's three major indexes tumbled and the Dow confirmed a correction as weak data from China and Europe stoked fears of a global economic slowdown.

Gold dips to one-week low as $US bounces

Gold has fallen to its lowest in over a week and was on track to mark its biggest weekly decline in more than a month, as the dollar climbed on robust US economic data ahead of a US Federal Reserve meeting next week.

Oil dips 2% on Wall St dive, China data

Oil prices have dropped about two per cent, weighed down by falling US stock markets, while weak economic data from China pointed to lower fuel demand in the world's biggest oil importer.

Signs point to coal closures

Older coal fired power stations such as Synergy’s Muja C&D could begin closing in 2023, driven by changing market dynamics, while harsher carbon policies would accelerate shutdowns, according to a recent report by the Australian Energy Market Operator.

ASX down amid broad-based sell-off

The Australian share market lost more than one per cent, with financial stocks weighing heavily as renewed fears about a global growth slowdown gripped investors pessimistic about dour economic data from China.

Australia 3-145 in 2nd India Test in Perth

Australia's openers made a mockery of pre-match expectations before India's four-pronged pace attack fought back to reduce the hosts to 3-145 at tea on day one of the second Test in Perth.

Birimian plans $8.2m raising, reviews business

Subiaco-based Birimian has announced plans to raise $8.2 million for its Goulamina project in Mali, while the lithium aspirant also flagged a business review and two separate agreements with Chinese companies.

Ichthys hit by another cost blow out

The cost of building the Ichthys LNG project has blown out again, with French group Total saying it has increased by $US5 billion to $US45 billion, but project operator Inpex is disputing the extent of the increase.

Tampia capex falls to $111m

A revised feasibility study released by Explaurum has detailed a reduced capital cost of $111 million for its Tampia project in the Wheatbelt, as Ramelius Resources increased its stake in the gold explorer to 20 per cent.

Mark my words podcast

PODCAST: Mark Beyer and Matt Mckenzie discuss Stan Perron, our update on major WA projects — some going ahead, some not — Westport, the space agency, lobster quotas, and our person of the year feature.

Offshore buyers, institutions drive office sales near $1bn

Australian institutional investors and offshore property powerhouses sharpened their focus on potential upside in Perth’s office market in 2018, as the total value of transactions approached $1 billion.

$100,000 fine for car dealer

Luxury car dealership Luxuride and its director have been fined a total of $100,000 by the Perth Magistrates Court for breaking laws designed to protect consumers.