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.
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.
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.
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.
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.
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.
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.