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Property stress test pressure point

OPINION: The economic pressure simmering away below the surface in many households was a key factor in the surprise federal election outcome.

SRG wins up to $45m in Whyalla works

SRG Global has secured a contract with GFG Liberty OneSteel at its Whyalla Steelworks site, worth up to $45 million.

AMP hit with class-action over super fees

Wealth manager AMP has been hit with a class action lawsuit for allegedly charging superannuation fund members unjustifiably high fees for an extended period of time.

Orthocell raises $10.6m

Orthocell has capitalised on a sustained rally in its share price to raise $10.6 million via a share placement at 40 cents per share.

Minimum wage to increase $21.60 a week

Australia's lowest paid workers will get a $21.60 a week pay rise.

ASX falls at open as gloom lingers

The Australian share market has opened lower after losses on Wall Street overnight.

Morning Headlines

Debt-free Galaxy Resources to back lithium processing plant in China

Oil prices fall amid global trade concerns

Oil prices have fallen in volatile trade overnight and were weighed down by equity markets as China signalled readiness to escalate the trade war with the United States, stoking concerns that an ongoing stand-off could hurt demand.

Gold supported amid global downturn fears

Gold prices rose alongside other safe-haven assets overnight as the trade rift between the United States and China showed no sign of cooling, with investors fearing a global economic slowdown.

ASX dives on global growth, trade concerns

The Australian share market has slumped amid pessimism about global growth prospects and concerns about US-Chinese trade tensions.

Indigenous scholarship to honour 40under40 winner

Five indigenous students are the inaugural recipients of the Dr Tracy Westerman Aboriginal Psychology Scholarship at Curtin University, with its patron, Western Australian governor Kim Beazley, officially launching the program at Government House.

Mirvac Group launches $750m placement

Mirvac has launched a $750 million placement, with the property group eyeing the top end of its FY19 guidance and planning to lay the foundations for more success.

Birimian brings in DRA Global for Goulamina

Birimian has appointed DRA Global to provide engineering services to optimise the process flow sheet for its $196 million Goulamina lithium project.

Govt awards ICT deals worth $10.9m

Perfekt and Data#3 are among a host of ICT companies to have secured six state government contracts collectively worth more than $10 million.

WA more than paying its way

Recently released numbers show Western Australia’s net contribution to the the federation was a whopping $15.5 billion during the 2018 financial year, while also indicating a long running debate about federal health funding cuts in the state was off the mark.

Rosendorff name saved by local jeweller

The receivers of Rosendorff struck a deal last night to sell the jewellery business to an unnamed local buyer already in the jewellery business.

Business sector backs Uluru Statement

Woodside Petroleum, Curtin University, Lendlease and Qantas are among a raft of prominent organisations to join the country’s big miners, major law firms and finance businesses in pledging support for the politically contentious Uluru statement.

Strike, CSBP in $5m gas deal

Strike Energy has executed a $5 million sales option with Wesfarmers subsidiary CSBP, for up to 100 petajoules of gas from its half-owned West Erregulla project.

Automated rigger for Multiplex museum build

Multiplex has collaborated with local company TENSA Equipment to utilise an automated lifting device the construction giant believes could be a game changer for the industry.

Top marks for Perth Festival

This year's Perth Festival encouraged 7,300 tourists to visit Western Australia while box office sales increased 21 per cent from 2018, the festival’s impact report has shown.

Telstra flags $500m FY cost hit

Telstra has announced it will record $500 million in impairments in its 2019 financial year results on ageing data-storage assets and forecast higher restructuring costs this year as it expedites a plan to slash jobs.

ASX dives at open on trade concerns

The Australian share market has slumped at the start of trade after pessimism on US-Chinese trade talks caused losses on Wall Street overnight.

Morning Headlines

Poll sparks demand for mortgages

US oil up as flooding hits Cushing hub

US crude futures gained almost one per cent overnight after flooding throughout the midwest constrained crude flow from the main US storage hub in Cushing, Oklahoma.

Gold down as trade tensions lift US dollar

Gold overnight slipped from the previous session's one-week peak, pulled down by a firm US dollar as the currency was the preferred safe-haven amid uncertainty over US-China trade tensions.

Black Swan revises leadership plan

Black Swan State Theatre Company announced today its outgoing executive director Natalie Jenkins has already left the organisation while also disclosing her replacement, Danielle Norrish, may not hold the role permanently.

Chalkley, Barrie to Power board

Western Power chief executive Guy Chalkley has been appointed to the network operator’s board, while Kathryn Barrie will wear two hats as a director of the business and continuing in a senior role at the Public Utilities Office.

Miners, energy sector drives ASX higher

The Australian share market has closed higher, boosted by the energy and mining sectors as the price of crude and iron ore gained.

Housing construction outlook continues to worsen

The Housing Industry Forecasting Group has downgraded its forecast for new house builds in Western Australia for this year financial year to a record low, tipping a 13.9 per cent decrease from its previous forecast.

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