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Nickel has biggest monthly fall since 2011

Nickel hit its lowest point in more than four months on Friday and posted its steepest monthly loss in eight years on faltering steel output from top producer China and waning impact from an Indonesian ore export ban.

Woolies to defend wage theft class action

Woolworths has been slapped with an employee class action that alleges its underpayment scandal is far worse than the current $300 million estimate.

Optus fined $6.4m over NBN emails

The Federal Court has ordered Optus to pay $6.4 million in penalties for falsely telling customers of rival broadband services their home internet would soon be disconnected.

Clontarf receives $30m in government funding

The state government today announced it will provide $30 million in funding over five years to the The Clontarf Foundation, allowing the sports academy to operate in 30 Western Australian schools as of 2020.

Utilities, healthcare sectors boost ASX

The Australian share market has moved higher, shrugging off a negative lead from overseas at the end of last week.

Gold gains as investors eye trade talks

Gold prices gained on Friday as markets awaited further developments on US-China trade talks after officials in Beijing said they would retaliate against the US for passing a law in support of Hong Kong protesters.

Oil price slumps ahead of OPEC meeting

Oil prices fell on Friday, with US crude dropping more than 4.0 per cent, on fresh trade tensions and record high US crude production but they still ended the month higher as OPEC watchers expect an extension next week to a pact to throttle oil output beyond March.

Morning headlines December 2

Rich listers targeted by ATO in cash push

Chinese group bids for lithium miner

Collapsed lithium miner Alita Resources has entered a binding $70 million loan agreement with China Hydrogen Energy, three months after the company went into administration.

Hanssen, CFMEU at odds after $89,000 fine

One day after the federal government’s so-called union-busting laws failed to pass the Senate, the CFMEU has sought to turn the focus on construction boss Gerry Hanssen whose company was fined in the Federal Court today.

Innovative RFDS looks beyond horizon

Providing medical assistance to astronauts in space isn’t any crazier than flying planes around Australia 90 years ago, Royal Flying Doctor Service WA chief executive Rebecca Tomkinson told a Business News Success and Leadership breakfast this morning.

ASX pulls back after hitting new record

The Australian share market has pulled back after hitting a new intra-day all-time high earlier in the day, as markets turned cautious on fears a new US law backing Hong Kong protesters could sink a US-China trade deal.

Mark my words podcast

PODCAST: Mark Beyer and Matt Mckenzie discuss mining projects — the good news and bad, mining technology, BGC Contracting changes hands, Metronet, John Holland legal action, Water Corp contracting, new hotels, the Royal Flying Doctor Service WA, and our special report on chief executive remuneration.

Uranium, gold explorers to raise $14m

Uranium explorer Peninsula Energy is planning a $9.1 million capital raising to fund costs associated with its mines in the US, while De Grey Mining is planning to raise $5 million to fund exploration activities at its Mallina gold project, near Port Hedland.

Clement to lead Vysarn

Vysarn has appointed former AFL player and Sea Harvest managing director James Clement to lead the company next year, three weeks after he was added to the Fremantle Dockers board of directors.

Australia's emissions dip as exports rise

As Australia prepares for a UN climate summit in Spain, a new report shows annual greenhouse gas emissions have dipped slightly, mainly due to more renewable energy use and the impact of the drought.

Ruah, MHLC announce merger

Ruah Community Services has announced it will merge with Mental Health Law Centre, providing WA's disadvantaged population with increased access to legal and community services.

Adnate picture perfect in hotels mix

George and Peter Atzemis’ $90 million investment into Accor’s latest Art Series hotel on Hay Street reflects a return in confidence for the once flagging hotel market.

Hub helps get good ideas to market

A group of 11 academics and entrepreneurs have joined to found the Commercialisation Studies Centre, a member-run, resource centre and events hub designed to aid relationships between academics and entrepreneurs in Western Australia.

ASX rises again and hits new record

The Australian share market remains in positive territory after having reached a new high for the second day in a row.

Morning Headlines

RCR knew of solar project budget chaos

Oil falls as US bill fuels China tensions

Oil prices have fallen for a second consecutive day overnight after US President Donald Trump signed into law a bill backing protesters in Hong Kong, fuelling tensions with China.

Gold steady as investors watch trade talks

Gold traded in a narrow $US5 range overnight as investors gauged the impact of US backing of Hong Kong protesters on its trade negotiations with China while palladium scaled a record peak on a sustained supply crunch.

Autonomy, big data driving resources revolution

A move to use lasers to perfectly load rail cars is worth about $300 million to BHP and is an example of how the area around the town of Newman is world class in applying technology to resources.

Empired tips increased earnings

Empired shares have risen more than 8 per cent today after the IT services provider forecasted an increase in net profit and earnings per share for the current financial year, on the back of a $200 million pipeline of multi-year contracts to contest.

Australian share market hits all-time high

The Australian share market hit a fresh intraday all-time high in early trading as fears about global growth and trade fade into the background.

Vysarn wins $13m FMG contract

West Perth-based Vysarn announced it has entered a two-year drilling and construction agreement with Fortescue Metals Group for works across its mine sites in the Pilbara.

Homebuilding flat, civil construction on rise

Fresh forecasts have pushed any recovery in Western Australia’s embattled home building sector out another year, while concerns have been raised about the capacity of the state’s building sector to cope with a predicted increase in activity in civil and engineering construction.

WA school cleaners, gardeners underpaid $5m

About 27,000 casual school workers including cleaners and gardeners will be compensated after being underpaid by Western Australia's Department of Education.

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