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Vale warns another Brazil dam at risk

Brazilian iron ore miner Vale SA has told prosecutors in the state of Minas Gerais that a dam is at risk of rupturing at its Gongo Soco mine, about 65km from the site of its Brumadinho dam collapse that killed more than 230 people.

Australia mourns former PM Bob Hawke

With one day left before Australians go to the polls, the country is mourning the death of its most successful Labor prime minister, Bob Hawke.

ASX200 hits fresh 11-year high at open

The Australian share market has hit an 11-year high after mining and tech shares surged in early trade.

Morning Headlines

WA to deny Fortescue royalties relief

Oil prices rise more than one per cent

Oil futures were up more than one per cent overnight as tensions in the Middle East grew, with a Saudi-led coalition launching air strikes on the Yemeni capital in retaliation for recent attacks on its crude infrastructure.

Gold retreats as share markets rebound

Gold was headed for its biggest one-day percentage decline in a month overnight as the US dollar gained and investors opted for riskier assets on the back of robust US economic data even as the US-China trade concerns linger.

Subsea 7 in Exmouth pipeline facility rethink

A proposed pipeline fabrication facility to be built near Exmouth could be back on the drawing board just months after proponent Subsea 7 submitted an alteration to its environmental proposal.

Government digs in on foreign buyer tax

The state government will not consider pausing or scrapping its surcharge on foreign property purchasers, despite a sharp reduction in sales to offshore buyers and growing scepticism around whether revenue will meet projections.

Liquidation as pressure builds at Yagan Square

Two businesses at Yagan Square have shut up shop in recent weeks, with warnings more may follow as tenants grapple with low foot traffic.

ASX rises despite dip in financial sector

The Australian share market has recovered from early weakness to finish higher, with every sector rising except banking as Westpac traded ex-dividend.

Quality call in message to India

No market has more growth potential for Australia than India, says former Department of Foreign Affairs secretary Peter Varghese.

Deal makers trawl in tough times

OPINION: Business News data points to a sustained low for WA’s corporate finance markets, but there are signs recovery may be imminent.

Proposed estate worth $75m in doubt after liquidation

An entity related to a developer with plans for a 146 block-estate in the suburb of Southern River has been placed into liquidation.

Central Park refurbishment confirmed

Central Park management has confirmed plans to refurbish the office tower's lobby and forecourt, and has said the integrity of Brian McKay's artworks will be maintained.

CBA's Bankwest cuts fixed mortgage rates

Commonwealth Bank-owned Bankwest is slashing its three-year owner-occupier mortgage rate as lenders chase an ever decreasing number of suitable home loan customers.

Hotel boom over after 16 new builds, report

Perth’s hotel construction boom is entering its final phases, as existing and new operators adjust to a market transformed by the largest pipeline of development in Western Australian history.

WA unemployment up to 6.1%

Western Australia’s unemployment rate was up a further 0.1 per cent in April, as 2,000 more people started looking for work.

Prodigy and Newmont in $14.5m JV

Prodigy Gold has signed a $14.5 million joint venture and exploration farm-in agreement with Newmont Mining at Prodigy’s Tobruk project in the Northern Territory.

Alliance raises $32.5m

Alliance Mineral Assets has raised $32.5 million via two share placements, including with Galaxy Resources, with the funds set to primarily go towards upgrades at the processing facilities at its Bald Hill lithium and tantalum mine.

ASX opens higher as only financials drag

The Australian share market has opened higher, led by energy sector.

Morning Headlines

Invesco eyes Chevron tower deal

Oil rises, shrugs off US crude build

Oil futures inched up overnight as the prospect of mounting tensions in the Middle East hitting global supplies overshadowed an unexpected build in US crude inventories.

Gold flat as share markets rise

Gold steadied on Wednesday as share markets rose but concerns about global economic growth and the US-China trade fight kept the metal supported near a one-month peak.

Export focus for development commission

The South West Development Commission has won a $400,000 contract to deliver the federal government’s Tradestart service in the southern parts of Western Australia.

ASX moves higher as shares bounce back

The Australian share market has bounced back, recouping some of the losses from the previous day amid hopes that a deal was still within reach amid the US-China trade war.

St Barbara acquires Atlantic Gold

Gold producer St Barbara has agreed to acquire 100 per cent of Canadian miner Atlantic Gold Corporation for $768 million.

Call to open funding door for homeless

Service providers want immediate action from businesses and government to help people on the streets, who face a shortage of rentals and a lack of social housing.

WA wage growth lags nation

Wage growth in Western Australia has again come in at the lowest level in the nation in the year to March, prompting UnionsWA to call for workplace reform.

Civmec profits fall while order book grows

Civmec has reported a sharp fall in quarterly profit to $141,000 after accounting for cost overruns on projects but has also reported strong growth in its order book.

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