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Morning Headlines

WA miner in diamond battle

$A once again higher on $US weakness

The Australian dollar is back above 79 US cents - just.

Oil lifts again, heads to 4th wk of gains

Oil prices have risen for a sixth day after Russia's oil minister said that global crude supplies were "not balanced yet," alleviating market concerns about a wind-down of the OPEC-led deal to reduce production.

Gold up on $US fall, palladium hits record

Gold has hit a four-month high heading to a fifth straight weekly gain as the US dollar fell against the euro on an agreement for a political coalition in Germany.

Notre Dame tops results

Perth's smallest university has beaten its four bigger rivals in a national employment and satisfaction survey, which found its graduates earned more than other students

Mark my words podcast

PODCAST: In this Business News podcast Mark Beyer and Mark Pownall discuss the funeral business, St John of God Healthcare, cultural developments, big moves in corporate finance sector and Business News celebrates 25 years.

Fremantle finds its roots with local artists

David Spencer was selected alongside popular local artist Anya Brock last year to the role of brand ambassador for Sirona Capital’s King’s Square project in Fremantle.

Tap gets Dorado investment

Perth-based startup Tap Into Safety's east coast expansion plans have been boosted by a $750,000 investment from private equity group Dorado Capital.

Aust shares give up gains, close flat

The Australian share market has fallen away again at the end to close flat, as strong gains by miners and some energy companies offset losses among financial, property and consumer stocks.

Quintis buys $3m of sandalwood

Embattled sandalwood producer Quintis has announced the purchase of $3 million of sandalwood from growers operating on plantations managed by the company.

BDO buys corporate advisory firm

BDO has backed its confidence in WA’s commercial outlook by purchasing boutique mergers and acquisitions firm Tomkins Turner Corporate Advisory

Baptistcare awarded Rockingham seniors' project

The City of Rockingham has chosen Baptistcare to undertake a precinct redevelopment project that will expand the facilities and services available to local seniors.

Local gold stocks up

The share prices of Orinoco Gold and Doray Minerals have risen today after the companies announced positive drilling results at their respective projects.

Action needed on budget repair

To a large degree, Labor’s big budget repair plans have stalled, while newcomers on both sides of the aisle find their way around their house on the hill.

Cometti honoured at Optus Stadium

The state government has unveiled the Dennis Cometti Media Centre at Optus Stadium, honouring the famous Western Australian sports broadcaster with a state-of-the-art media facility.

Construction contracts and tenders Dec 14 to Jan 10

A $5.3 million contract has been awarded to FIRM Construction for additions to be made to City Beach Residential College

Australian shares higher on Wall St gains

Australian shares have opened higher following a surging US market on the back of a rise in oil prices and as investors bet on a strong US corporate earnings season.

Morning Headlines

Lanco avoids $200m payment

$A extends rise, while $US weakens

The Australian dollar has extended the gain it enjoyed from November's better-than-expected retail trade figures.

Brent tops $US70 pbl on tight inventories

Oil prices have risen about one per cent to three-year highs, pushing the global Brent benchmark past $USUS70 a barrel, on further signs of tightening supply in the United States and expectations that OPEC's output cuts would underpin the market.

Gold lifts after hawkish ECB boosts euro

Gold prices have approached a four-month high set on the previous day after minutes of a European Central Bank meeting showed a more aggressive tone and boosted the euro against the US dollar.

Incitec loses Roy Hill contract

Melbourne-based fertiliser and explosives manufacturer Incitec Pivot has lost its second major Western Australian supply contract in two months, with iron ore miner Roy Hill to allow its purchase agreement to expire in February.

Reprieve for School of the Air

The Western Australian government has backflipped on a decision to scrap regional educational provider School of the Air along with the Gifted and Talented and Follow the Dream programs after a widespread community backlash.

Crowdfunding available for startups

UPDATED: Australian startups will now be able to raise capital via crowdfunding sources after the corporate watchdog today approved the first batch of licences allowing companies to act as intermediaries in the process.

Breathing new life into death care

The funeral industry in WA is increasingly dominated by a handful of big players, including two listed companies that hold more than 50 per cent of the market after buying some of the state’s oldest operators.

Retail sales lift $A, fail to boost shares

Widespread selling has sent the share market to a second consecutive fall, while stronger than expected retail sales growth lifted the Australian dollar.

Thomas rebuilds his business in Perth

Alan Thomas faced a binary choice in 2015 to either wind down his business following the slowdown of activity in the company’s prime north-west market, or reinvent his building enterprise.

Diatreme signs contracts for WA project

Queensland-based mineral sands explorer Diatreme Resources has signed contracts with a Chinese mining services company to conduct a definitive feasibility study and help source funding for its Cyclone zircon project in Western Australia's Eucla Basin.

Jobs figures show services key in diversification

The education, arts, accommodation and agriculture sectors were the state’s biggest job creators in the five years to November 2017, according to data recently released by the Australian Bureau of Statistics.

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