Latest Headlines

Wall St boosted by defensive sectors

The S&P 500 has risen with boosts from financial, energy and defensive sectors as investors showed some caution on the eve of US congressional elections.

Oil mixed as US imposes sanctions on Iran

Oil prices were mixed after a steep five-day fall, as the United States formally imposed punitive sanctions on Iran but granted eight countries temporary waivers allowing them to keep buying oil from the Islamic Republic.

Gold holds tight range as US midterms loom

Gold inched lower as investors took some profits following a recent rally, but the metal traded within a narrow range as caution set in ahead of the US congressional elections.

$400m waste plant signs supply deal

Plans for a second waste-to-energy plant in Perth have advanced after the HZI consortium signed its fourth supply deal, with the City of Cockburn.

Runaway iron ore train derailed in WA

A runaway train loaded with iron ore travelled with no-one on board for 92 kilometres in Western Australia's Pilbara region before it was deliberately derailed.

Quay Perth set to open in 2019

The redevelopment of the former New Esplanade Hotel near Elizabeth Quay is scheduled for completion in the first quarter of 2019, with the new facility set to feature a rooftop bar and co-working spaces.

ASX closes down with healthcare dragging

The Australian share market has closed lower following a weak lead from Wall Street with energy and healthcare stocks remaining in the red.

Construction contractors on a roll

Four of the largest construction contractors in WA - unlisted companies Pindan, Georgiou Group, Doric/Jaxon and Perkins Builders - have achieved strong earnings and anticipate better conditions ahead.

Five-month slide in WA car sales

The downward trend in new vehicle sales in Western Australia has continued for a fifth straight month, according to the latest data from the Federal Chamber of Automotive Industries.

ACCC says NBN outperforms ADSL

The National Broadband Network is significantly outperforming ADSL services, according to a new report released by the consumer watchdog.

Mareterram flags earnings fall in 2018

Shark Bay shellfish producer Mareterram is set to report a fall in earnings for 2018 due to a significant reduction in prawn catch compared with last year.

Westpac profit flat as compensation bites

Westpac has reported a flat full-year profit of $8.07 billion after customer compensation and legal costs contributed to a weak second half at its consumer and wealth divisions.

Working holiday visa restrictions relaxed

Backpackers and other visitors on working holidays will be able to stay in Australia longer under a federal government plan to help farmers fill job shortages.

NWQ making volatility work

SPECIAL REPORT: A new, more aggressive fund and the international expansion of its existing conservative strategy will be key to the growth of boutique investment manager NWQ.

Ibaera filling a funding niche

SPECIAL REPORT: West Perth-based fund Ibaera Capital is hoping to plug a funding gap for metals juniors with big projects.

Funds grow as dynamic shifts

SPECIAL REPORT: A diverse group of successful wealth management businesses in Perth have good stories to tell in a market likely to face increasing uncertainty.

Energy, telcos hold ASX back at the open

There was little lead from Wall Street as Australian shares dipped at the start of a new trading week, with energy, healthcare, and telco stocks sapping the local bourse in early trade.

Morning Headlines

Treasurer injects $60m into bank watchdog

Delay in US-China trade deal hits stocks

Concerns that a trade deal between the United States and China may not be imminent have reined in a rally in world equity markets and reversed gains on Wall Street.

Oil dips after sanction-related waivers

Oil prices have fallen about one per cent and notched a weekly loss of over six per cent, as investors worried about oversupply after the United States said it will temporarily spare eight jurisdictions from Iran-related sanctions.

Gold dips as $US gains on solid jobs data

Gold has slipped as the US dollar regained some ground on the back of strong American jobs data, putting the metal on track for its first weekly loss in five weeks.

Gas, oil tax changes to rake in $6bn

The federal government expects to raise $6 billion over the next decade from changes to the taxation of Australia's big oil and gas producers.

Miners and health care stocks lift ASX

A late rally from mining and health care stocks has lifted the Australian share market into the black despite energy shares and the big four banks dragging on the index.

Theatre Trust leads big changes

Duncan Ord is overseeing major changes to the way in which the Perth Theatre Trust manages arts venues and the Perth Cultural Centre.

Broad wins $85m prison contract

CIMIC Group’s Broad Construction has secured an $84.8 million state government contract to complete an expansion at the Casuarina Prison south of Perth.

King River flags $2bn+ capex

King River Copper has put a $2 billion-plus price tag on its Speewah vanadium project near Kununurra, while TNG has appointed German group SMS to complete an engineering study for its vanadium project in the Northern Territory.

Mark my words podcast

PODCAST: In this podcast Mark Pownall and Mark Beyer discuss the lithium industry, tourism challenge, state strategies, Hancock Prospecting and Roy Hill, Power Ledger and Jemma Green, property market deals, Gascoyne Resources, ResApp and our special report on fund managers.

Orica reveals Burrup delay

Explosives manufacturer Orica has revealed technical issues at its half-owned ammonium nitrate plant in the Pilbara will cause a production delay of more than 12 months.

Report finds battery-making debate overcharged

A new report has cast doubt on Western Australia's suitability as a lithium battery-making hub, claiming low labour productivity, distance from major markets and difficulties sourcing the necessary material as barriers to any potential development.