NEXTDC has struck a deal with ASX-listed Superloop, giving the Brisbane-based company connectivity to the new Indigo subsea cable system for its Perth operations, including an $80 million data centre currently under construction.
US crude prices turned negative as President Donald Trump said he hoped there would be no oil output reductions, after Saudi Arabia said OPEC was considering cutting supply next year, citing softening demand.
Two local junior explorers have announced capital raisings, with Arafura Resources to launch a $3 million share purchase plan and Encounter Resources receiving a $1.8 million investment from Peter Bradford-led Independence Group.
Kimberley Wild Expeditions, a member of the Indigenous Champions Program, won the tourism industry’s highest prize over the weekend, just days after the Tourism Council WA called on the state government to maintain funding for Aboriginal tourism.
The board of Navitas has rebuffed a $2 billion takeover offer from a consortium of investors, which includes co-founder Rod Jones, saying the deal is well below its valuation of the education services company.
Heavyweight banking and mining shares dragged on the market during early trade, with Australian shares opening the new week lower in the wake of a Wall Street sell-off and concerns over a Chinese economic slowdown.