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BHP cuts FY ore guidance after cyclone

BHP Group, the world's biggest miner, has joined rival Rio Tinto in cutting its forecast for iron ore output after a tropical cyclone, although analysts expect high prices to limit any impact on profits.

Dulux shares soar on $3.8bn Nippon offer

Shares in DuluxGroup have soared more than 27 per cent to a record high after its board backed a $3.8 billion acquisition proposal by Japanese paint giant Nippon.

Santos production up 33%

Australia's No.2 independent gas producer Santos Ltd has posted record quarterly production, boosted by its acquisition of Quadrant Energy assets, a day after it announced an '"exciting" gas discovery in the North West Shelf.

Overcoming the isolation of leadership

Anglicare WA’s Kate Chaney boasts an impressively diverse resume, but a recent experience led her to realise a challenge that faces all her peers.

Mining giants weigh ASX down at the open

The Australian share market has dipped in early trade, with the mining giants more than offsetting a positive open for the financial and energy sectors.

Morning Headlines

Santos makes major gas discovery off WA

Gold falls 1% to 2019 low as equities gain

Gold has dropped one per cent to its lowest level of 2019, as a string of robust economic data boosted demand for riskier assets like equities while bullion was further weighed down by gains in the US dollar.

Oil up as market focuses on supply risks

Oil prices rose one per cent overnight as fighting in Libya and falling Venezuelan and Iranian exports raised concerns over tightening global supply, but uncertainty surrounding an OPEC-led production cut limited gains.

Wall St edges higher on positive earnings

US stocks have ended slightly higher, with the S&P 500 inching closer to its all-time high following a string of mostly positive earnings, while a drop in healthcare shares limited the advance.

ASX hits second-best level for the year

Australian shares have closed higher, with the banking and health care sectors offsetting a dour day for energy and telecom stocks.

Assetowl shares soar 225% on The Agency deal

Shares in the Simon Trevisan-chaired startup, Assetowl, more than doubled today, after it signed a trial agreement with The Agency Group Australia for its property management software.

Shell sells $420m Timor stake

Shell has sold its interest in the Greater Sunrise offshore fields to Timor Gap, the national oil company of Timor-Leste, for US$300 million ($420 million).

Simulations help Calytrix win real deal

A Perth-based business that merges computer simulation with live battlefields has partnered with some big international platers in the defence space

Major oil players have the money and power

OPINION: The Western Australian government’s love affair with Western Power is unlikely to be dimmed by local events any time soon, but a new force has been unleashed in the international marketplace as global oil companies morph into global electricity companies.

MZI falls into administration

McGrathNicol has been appointed administrators to MZI Resources, just over a month after it announced it was $32.25 million in the red for the half-year to December, compared to a $11.34 million loss from the prior corresponding period.

Mortgage lending hits record low in WA

Housing finance provider Australian Finance Group says lending for homes in the first three months of 2019 in Western Australia has plunged to the lowest level since it began tracking mortgage values in mid-2012.

Altech raises $18m

Altech Chemicals has raised $18 million via a share placement, with the proceeds to primarily go towards the company’s high purity alumina (HPA) plant in Johor, Malaysia.

Petrol hits five-month high before Easter

Australian petrol prices have hit a five-month high with school holidays underway and families preparing to head off for the Easter long weekend.

Lynas posts 33% March quarter output jump

Takeover target Lynas Corporation has reported a 32.5 per cent rise in production of rare earths oxides during the quarter, as it fends off a takeover offer from retails-to-chemicals conglomerate Wesfarmers.

Rio Tinto cuts ore guidance after cyclone

Mining giant Rio Tinto has reported a 14 per cent drop in quarterly iron ore shipments and cut its 2019 shipments estimate on disruption caused by a tropical cyclone which hit its export terminal in Western Australia last month.

Energy stocks sapping ASX at the open

The Australian sharemarket has edged lower at the open, dragged lower by energy stocks after a global oil price rally came to a halt.

Oil rally stalls on OPEC output talk

Oil prices have halted their rally, with both benchmarks down nearly one per cent, after Russia's finance minister said Russia and OPEC may decide to boost production to fight for market share with the United States, where output remains at record highs.

Trade hopes lift risk appetite, hit gold

Gold fell to its lowest in more than a week as hopes the United States and China would reach a trade deal lifted appetite for riskier assets even as the dollar retreated.

Morning Headlines

Eastern Goldfields 2.0 plan

Demolition works mark start of Subi revitalisation

Demolition work has started at Subiaco’s Pavilion Markets, as developer Blackburne gears up for a marketing launch of its $235 million apartments project later this year.

One of Australia’s first mobile abattoirs built in WA

A WA-based engineering company has built one of the first mobile abattoirs for processing premium meat, addressing farmer and animal welfare concerns by eliminating the need to transport animals.

ASX flat as banks gain and miners drop

The Australian sharemarket has started the week flat, with volumes light as many traders took the week off as the Easter school holidays commenced nationwide.

Perth developer jailed for more than 7 years

A businessman who orchestrated a $20 million insurance scam that involved burning down the former Western Australian headquarters of Bunnings has been sentenced to more than seven years in prison.

Antipa completes $5.1m raising

Antipa Minerals has announced it completed a $5.1 million capital raising, with the funds set to further its exploration in the Paterson province of the Pilbara.

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