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China trade war threat ratchets up

Wall St drops amid tariff worries

Wall Street's major indexes have fallen as US President Donald Trump raised the possibility of additional tariffs on Chinese imports and Apple Inc indicated that some of its products could be subjected to such levies.

Oil prices steady as equity markets weigh

Oil prices are steady, with US crude slipping on weak global equity markets while Brent inched up on geopolitical factors, including violent protests in Iraq.

Jaxon targets growth at 60 years

Jaxon has re-emerged as a major contractor in the Perth market with big plans for the near term after six decades in the business.

Peel to raise $12m

Junior explorer Peel Mining has raised $12.3 million, with gold miner St Barbara subscribing for $1.8 million as part of the placement.

Aust stocks down for 7th straight day

The Australian stock market has marked seven straight days of losses for the first time since January 2016, as US-China trade concerns continue to drag on the indices.

Downer wins Broome Chinatown work

Downer has been awarded a $6.9 million contract for work to revitalise Broome’s Chinatown streetscape, with works on Carnarvon Street and Dampier Terrace to start this month.

Forrest launches $900k VTEC

Andrew Forrest-led GenerationOne, in partnership with the federal government, has today launched an Indigenous vocation training and employment centre at the Acacia Prison, with accommodation group Ebenezer Aboriginal Corporation (EAC) appointed as the program operator.

Resolute appoints Shugg

Gold producer Resolute Mining has appointed Sabina Shugg as a non-executive director, while new data from the Australian Institute of Company Directors has revealed an uptick in female participation on ASX 200 boards.

Raffles Hotel noise complaint dismissed

The Supreme Court has thrown out a claim by former mining executive Derek Ammon, who had complained about the impact of noise at the Raffles hotel on his neighbouring apartment.

Mark my words podcast

PODCAST: In this Business News podcast Mark Beyer and Mark Pownall discuss the opening of WA’s 7th lithium mine, Perth house prices, a cyber security business backed by John Poynton and ECU, Tourism WA, skills shortages, WA Ballet's Dracula, two notable arts appointments and our special report on fashion – with Jessica Gomes, and WA designers discuss the export market.

Alcoa workers reject deal, extend strike

Workers at Alcoa's alumina and bauxite operations in Western Australia have voted to reject a proposed workplace agreement and will continue industrial action, according to the Australian Workers Union.

Sapien Cyber takes global view

While many people talk about universities and business working together, the John Poynton chaired Sapien Cyber is doing it.

Barminco locks in $700m extension

Barminco has secured a five-year extension to its mining services contract at AngloGold Ashanti’s Sunrise Dam gold mine, worth about $700 million.

McGowan’s federal challenge

Opinion: A federal Labor government would change the political dynamic between Canberra and WA for the better, but all relationships need careful management.

Morning Headlines

WA sheep exports to resume

Crude pulls back on rising US stockpiles

Crude futures have reversed course, falling more than one per cent after US data showed petrol inventories rose unexpectedly last week, overshadowing a bullish drawdown in crude.

Trade jitters, tech woes weigh on Wall St

The S&P 500 and Nasdaq declined as the possibility of more US tariffs on Chinese imports loomed, while tech stocks stumbled, led by chipmakers and concerns about increased regulation of social media companies.

Magadza to run arts body

A former artistic director of the Perth Festival is returning to Western Australia to become executive director of the Chamber of Arts and Culture WA

ASX down as oil, rates, trade worries bite

Australian shares have dropped to their lowest since June in the wake of near-across the board falls triggered by increased US-China trade worries, falling world oil prices and a new round of mortgage rate hikes by local banks.

NAB to face court on fees for no service

Australia's corporate watchdog filed a lawsuit on Thursday against superannuation funds run by the wealth management unit of National Australia Bank, accusing them of charging fees to hundreds of thousands of retirees for services the were not provided.

Nearmap in $70m raising

Aerial imagery company Nearmap has boosted its coffers with a $70 million capital raising, with the proceeds set to be spent on sales and marketing.

Pantoro to raise $15m

Gold producer Pantoro has announced a capital raising for up to $15 million as the company aims to expand production at its Halls Creek operation to 80,000 ounces in 2019.

Perth housing affordability improves: CoreLogic

Housing affordability in Perth continues to improve, according to a report from CoreLogic.

Hydrogen a potential energy option

The cost of hydrogen production could be competitive enough for Western Australia to become a exporter in the next decade, while use in applications such as remote area power systems is not far away.

Coolgardie signs $10m sales deal

Newly-listed Coolgardie Minerals has signed an ore sale agreement with Northern Star Resources for production from its Geko gold mine, which is set to come online next month.

ANZ and CBA lift home loan rates

Commonwealth Bank and ANZ have become the latest major banks to lift their home loan interest rates, with both institutions blaming rising international borrowing costs.

Janssen consolidates success

Two-time 40under40 winner Anthony Janssen is no stranger to the bumpy ride that accompanies entrepreneurship.

Former surfing boss to lead Tourism WA

Former Association of Surfing Professionals chief executive Brodie Carr has been appointed as Tourism WA’s new managing director.

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