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ASX hit record high ahead of US-China deal

Australian shares have hit a fresh record high amid surging global investor optimism ahead of a looming US-China trade deal.

Oil price slips amid high US fuel stocks

Oil prices fell about 1 per cent overnight as Middle East tensions eased and investors turned their focus to lackluster seasonal demand following last week's bearish US report showing a large fuel stockbuilds.

Gold slips as trade deal looms

A looming US-China trade deal and the easing of tensions in the Middle East have prompted gold prices to fall overnight.

Morning Headlines

Altura’s fearless approach put to test

Digital delivers for quality care

SPECIAL REPORT: Technology could help people live independently at home longer and improve care in residential aged care facilities.

Growth amid uncertainty

SPECIAL REPORT: Large aged care players are cementing their growth strategies to meet demand and survive a turbulent time for the sector.

Wembley easiest suburb to sell in 2019: REIWA

Wembley has emerged as one of Perth’s most in-demand suburbs, with time it takes to sell a home averaging just 39 days in 2019, the shortest period in the metropolitan area.

DP World strike as IR battle continues

Workers at the DP World terminal at Fremantle Ports are striking today after negotiations between the company and union broke down over provisions to restrict automation and outsourcing in a draft bargaining agreement.

Fong takes new role at Bethesda

Neale Fong has been appointed chief executive of Bethesda Health Care after serving as chairman of the Claremont-based hospital operator since 2008.

ASX pulls back after days of strong gains

The Australian share market has pulled back after breaking through its all-time highs on Friday, with Australia's largest companies dipping the most.

EcoGraf, GR sign graphite agreement

EcoGraf, formerly Kibaran Resources, has signed a letter of intent with GR Engineering Services for its proposed battery graphite facility in Kwinana, which is budgeted to cost just more than $100 million.

InteliCare senses aged care need

Buoyed by a second successful capital raising at the end of 2019, a Leederville-based firm is taking a high-tech, personalised approach to aged care.

$50m pledged in wildlife funding

The federal government has announced a $50 million emergency fund to address the loss of wildlife during the nation’s bushfire season, as more Australian businesses have pledged millions in combined donations.

Mondium wins $400m Rio contract

Rio Tinto has awarded Perth-based engineering company Mondium with a $400 million contract for works at the Western Turner Syncline phase two mine, located in the Pilbara.

Bushfires could deliver 0.5% hit to GDP

The bushfire crisis will cost Australia $5 billion in direct losses and lop off 0.2 to 0.5 per cent from its economic growth, Westpac has estimated.

ASX dips at start of trading week

Australian share prices have dipped at the opening of the trading week with most industry sectors down by less than one per cent.

Morning Headlines

Camfield pub in rates battle

Oil's first weekly price drop since Nov

Oil fell below $US65 a barrel overnight in its first weekly loss since late November, erasing the week's risk premium added since a US drone strike killed a top Iranian general as investors focused on rising US inventories and other signs of ample supply.

Gold firms on renewed US-Iran tensions

Gold edged higher overnight, and was on track to post a weekly gain for fifth straight week, as fresh sanctions on Iran by the United States stoked uncertainty supporting demand for the bullion.

Woodside to begin Sangomar development

Woodside Petroleum is set to begin drilling for oil off the coast of Senegal, executing key contracts to begin the first phase of its $US4.2 billion ($6 billion) Sangomar project.

Recall issued for 18,000 vehicles

Toyota, Mazda and Suzuki are the latest manufacturers to voluntarily recall cars with the potentially deadly Takata NADI 5-AT airbags, and are offering to buy the vehicles back.

ASX surges to new all-time high

The Australian share market has roared to a new all-time high after enjoying its best week in nearly a year.

Former Kleenmaid boss found guilty of fraud

Andrew Young, the former director and founder of collapsed whitegoods distributor Kleenmaid, has been found guilty today on 19 charges involving fraud and insolvent trading.

Mark my words podcast

PODCAST: Mark Beyer and Mark Pownall discuss market jitters, corporate Australia's response to the bushfires, waste-to-energy projects, LNG production, Pluto expansion, a new Perth hotel development, and our special report on the aged care industry.

Elsight to raise $2.9m

Tech company Elsight has received commitments to raise $2.9 million from a share placement to Hong Kong-based investors, with the proceeds being used to fast-track sales of its flagship communications platform.

Marawar building indigenous opportunity

Gerard Matera is helping turn positive sentiment around Aboriginal reconciliation in the business community into genuine change through indigenous-owned building company Marawar.

Perth company developing VR for dental training

Virtual reality software firm Vection Technologies has signed a $500,000 deal to create modules for training students and dentists in dental procedures.

SA-WA highway opens after two-week closure

The Eyre Highway, the only sealed road linking South Australia and Western Australia, has reopened after it was closed for nearly two weeks due to bushfires.

Black Friday fuels November retail surge

November's Black Friday sales fueled a better-than-expected monthly retail turnover, but economists are wary of how much of the 0.9 per cent increase would previously have been spent during December.

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