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Aust shares down after Wall St slide

Australian shares have again slid in early trade following a fresh plunge on Wall Street overnight, while the Aussie dollar has retreated below the 78 US cents level.

App/tech business of the week- Fitter

Fitter provides a web-based platform that enables trainers to create and distribute personal training programs and nutritional content to anyone, anywhere.

Barnett back to beat GST drum

Although now far from the political spotlight, Colin Barnett has warned of significant upheaval if the GST mess isn’t sorted out.

Morning Headlines

Thrills and spills for Power Ledger

$A slips to 6-week low against $US

The Australian dollar has slipped to a six-week low against its US counterpart, before regaining some ground, as the US dollar has extended its recent gains.

US output soars, oil falls to 6-week low

Oil prices have fallen to their lowest in six weeks after data shows that US crude output had reached record highs and the North Sea's largest crude pipeline reopened following an outage.

Gold flat after bounce on rate rise fears

Gold prices are flat, slumping early on concern about rising US bond yields and global interest rates, but buyers emerged to lift bullion when it hit a technical support level at about $US1,312 an ounce.

Hera innovates with high-rise

Matteo Tirapelle is a keen advocate of high-rise construction in Perth, taking a resourceful approach to structural engineering that promotes the use of alternative materials such as timber.

Award an act of generosity?

This year’s Australia Day honour’s list includes a name familiar to many in WA, but the timing seems odd.

Kelvin Ryan heads east

Former BGC Residential chief executive Kelvin Ryan has been appointed as managing director at Melbourne-based building company Simonds Group.

Shares rise as bargain hunters swoop

The Australian share market turned around a weak start to the day as bargain hunters bought stocks beaten up in Monday and Tuesday's plunge.

Appeal fails against WA uranium mine

Traditional owners say it is a "sad day" for their people and land after the Supreme Court dismissed an appeal against the approval of a uranium mine in central Western Australia, but conservationists have vowed to continue the fight.

MinRes records $163m half-year profit

Mineral Resources has announced a 16 per cent lift in half-year net profit to $163 million, helped by several one-off factors including a big revaluation of its stake in lithium miner Pilbara Minerals, partly offset by impairment charges associated with its Yilgarn iron ore operation.

Cooper & Oxley into administration

Cooper & Oxley Builders has today gone into voluntary administration, but only after taking legal action to try and retrieve a $5 million investment in the Kings Square project in Fremantle.

Pact wins $49m of work

PACT Construction has been awarded two contracts, worth $37.7 million and $11.3 million respectively.

AGL secures foothold in domgas market

Sydney-based energy supplier AGL Energy has secured 7,000 customers in Western Australia since its July 2017 local launch, according to the company’s half-yearly report.

Grants drive startups’ next step

Two Perth-based startups have been awarded federal grants totalling about $815,000 to help bring their products to market, as part of the national Accelerating Commercialisation (AC) program.

Carnegie JV in Kalbarri microgrid win

A joint venture between a subsidiary of Carnegie Clean Energy and contractor Lendlease has won $6.8 million of work to install and operate a renewable powered microgrid in the Mid West town of Kalbarri.

Servtech CEO resigns

Tech firm Servtech Global Holdings has announced the resignation of chief executive Brett Quinn, while appointing company secretary Derek Hall as a non-executive director and Simon Ingleson as general manager.

NAB earnings dip in Q1 as costs rise

National Australia Bank's cash earnings have slipped 1 per cent as expenses have risen partly due to the lender's increased spend on infrastructure and job cuts.

WA scam victims could be refunded

Thousands of Western Australian scam victims could be refunded millions of dollars after US legal authorities issued Western Union a $US586 million ($750 million) penalty for aiding fraud over a 13-year period.

Aust shares open lower after Wall St falls

Australian shares have fallen after US stocks came under late pressure on Wall St during another rollercoaster - though less brutal - session.

Morning Headlines

Premier to pitch for more US ships Premier Mark McGowan will meet a senior US Navy official on a whirlwind trip to Washington this month in a bid to bring more American ships to Perth. The West

$A falls almost half a cent against $US

The Australian dollar has fallen almost half a US cent against its US counterpart as equity markets continue to bounce back from a sell-off bloodbath that wiped $US4 trillion off the value of shares.

Oil hits one-month low on higher US output

Oil prices have fallen to a one-month low after US data showed a build in inventories and record high crude production, raising worries that the market could be in for more selling, exposing speculators that have bet big on upward momentum in crude.

Gold slips as $US strengthens, shares gain

Gold has slipped as the US dollar has strengthened and global shares have clawed their way off two-month lows, though bullion was underpinned by the view that the dollar's bear run remains in place despite rate hike expectations.

Books aren’t back, they never left

WA book publishers, retailers and authors have adapted to the threat of digital disruption and shown there’s plenty of life in the business model.

Sense of place in stadium design

The team behind Optus Stadium wanted to make sure the venue’s design had a distinctly local flavour.

Aust shares in recovery as bloodbath ends

Australian shares have clawed back about $17 billion as markets recover from the impact of a big sell-off on Wall Street.

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