Latest Headlines

Tall poppies and gender imbalance

OPINION: Undermining successful co-workers is not unique to schools, but it goes some way to explaining the under-representation of women in leadership roles.

ASX opens higher after Wall Street gains

The Australian share market has jumped at the start of trading after a positive lead from Wall Street.

Worley aims to avoid Dar takeover

Worley has asked the Foreign Investment Review Board to look at "possible creeping acquisitions" by Beirut-headquartered Dar Group as the ASX-listed engineering and consulting firm aims to fend off a possible takeover by its largest shareholder.

Morning Headlines

Climate stance ‘threatens’ jobs

Oil falls on weak global growth forecasts

Oil prices fell overnight as investors worried that the unrelenting US-China trade conflict would keep squeezing the global economy and that swelling US crude inventories would further pressure prices.

Gold slips 1% as US shares gain

Gold fell 1.0 per cent overnight as growing risk appetite boosted investor demand for equities while a sustained supply crunch in palladium propelled the price of that precious metal to a record high.

ASX gains even as media, retailers drag

The Australian share market has finished a touch higher despite stocks of media companies and retailers taking a hit amid reports their businesses are suffering.

Measles case at Fortescue mine site in WA

There are concerns of a measles outbreak at a Fortescue Metals Group mine site in Western Australia after a case was confirmed.

Finbar rails against Civic Heart rejection

Western Australia’s biggest apartments developer has blasted planning authorities’ rejection of its Civic Heart proposal in South Perth, saying the process appeared to be “superficial and subjective” as it gears up for a State Administrative Tribunal appeal.

BGH to create Australia’s largest cyber firm

Perth-based Diamond Cyber Security and Asterisk will be two of at least 12 Australian cyber security firms bought out by BGH Capital and merged into a new entity to compete with the larger US-based vendors.

Hanssen fined for Vue accident

Hanssen has been fined $47,500, after a tilt-up panel fell from a Finbar Group development onto parked cars, with the construction work being supervised by someone without adequate qualifications.

Synxsole steps into US market

Perth podiatrist turned entrepreneur Rachael Ferguson has turned her company around in just two years, with rebranding and partnering with the right distributor the keys to unlocking the full potential of her fast-growing footcare business.

MACA, NRW win $61m of contracts

MACA has secured a $26 million contract at the Fortescue Metals Group-operated Iron Bridge magnetite project in the Pilbara, while NRW Holdings secured a contract in Queensland.

Game on in Melbourne

The games industry’s major Australian showcase event was held in Melbourne recently.

Picabar signs five-year lease

The owners of Northbridge’s Picabar have signed a five-year lease agreement with the Perth Theatre Trust (PTT), Culture and the Arts Minister David Templeman announced this morning, bringing to an end a year of uncertainty for the venue.

11 contractors suspended by WA govt

The state government has banned 11 contractors for up to five years each, as a result of the Corruption and Crime Commission’s (CCC) investigation into the North Metropolitan Health Service.

IMF makes $141m Euro acquisition

IMF Bentham has struck an agreement to acquire Omni Bridgeway for up to €87.5 million ($A141 million), which will be a tie-up of two of the biggest players in the litigation funding industry.

Morning Headlines

Banks warn on AA rating

Oil falls more than 2% on trade doubts

Oil prices slumped more than 2.0 per cent overnight on worries that global crude demand could stay under pressure as a lack of details about the first phase of a US-China trade deal dimmed hopes for a quick resolution to the tariff fight.

Gold rebounds as trade deal hopes wane

Gold gained overnight as optimism over a potential US-China trade deal waned while palladium notched an all-time high driven by short supplies of the auto-catalyst metal.

Tourism game-changer to land at Perth Airport

Perth Airport is paving the way for Western Australia to have a tourism attraction of global significance, setting aside land to facilitate the development of the $510 million Australian Biome Project.

Many roads to failure

OPINION: Business sectors slow to recognise the need to shift gears in the face of technological change will struggle to survive.

Unpacking the grain drain

Lower demand from Indonesia for WA wheat as well as growing need interstate should lead to a fall in grain export numbers.

ASX gains on truce in US-China trade war

The Australian share market has closed higher for a third day, playing catch-up after the US and China struck a truce on tariffs after Friday's close.

Merchant buys $12m AusCann stake

Perth-based Merchant Group is now the largest shareholder of medical cannabis company AusCann Group Holdings, after it acquired an 11.43 per cent stake worth around $11.6 million.

Beament in line for big pay rise

Northern Star Resources executive chairman Bill Beament will have his fixed annual remuneration nearly doubled for the 2020 financial year, with the potential to earn up to $7.2 million.

State’s universities bring in $466m

International students’ tuition is one of the state’s biggest services exports, though we are losing market share to other states.

Investment boom pays export dividends

Click through to read Business News's annual list of WA's 20 biggest exporters, with data on companies such as Chevron, Roy Hill, Gold Corporation and Glencore.

Reality check needed on oil claims

ANALYSIS: Plans for oil exploration in the Canning Basin announced over the weekend may deliver good news for Western Australia, but some of the claims surrounding the latest drilling program are extravagant to say the least.