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WA housing approvals fall

The McGowan government is facing renewed pressure to reconsider its proposed foreign investor surcharge, and its removal of the $5,000 first homebuyers boost.

5G to challenge NBN: ACCC

The consumer watchdog says 5G mobile technology could become a substitute for the National Broadband Network, on the same day NBN Co launched its new business-grade product.

Kailis posts profit after tough decade

Fremantle-based seafood wholesaler and jewellery manufacturer MG Kailis Group has achieved its second consecutive year of profits, after a decade of losses, despite a 14 per cent fall in revenue.

ResApp tumbles on study

Shares in medical tech firm ResApp Health have more than halved today, after the company released the preliminary results of a new US study on its technology.

State to develop Henderson master plan

Dredging a second channel into Garden Island and major road upgrades could be priorities in a Henderson precinct master plan to be drafted by the state government in 2019, while Defence Minister Chris Pyne today announced a new $200 million vessel will be built at the yards.

Delta, Brajkovich secure WA work

Melbourne-based Delta Group has been awarded two contracts in Western Australia, with a $4.2 million demolition job for the state government and work for CBH Group.

Pacific wins Panoramic power contract

Pacific Energy has won a power supply contract with Panoramic Resources for the restart of the nickel producer’s mothballed Savannah project in the east Kimberley.

ASX retraces gains after Wall St tumble

The Australian share market has slumped at the open, with the banks one of the few sectors in the green, after volatile Wall Street trade heralded the resumption of a red October.

Morning Headlines

Henderson in line for $200m defence boost

Wall Street drops on trade worries

US stocks have fallen in a volatile session, with the S&P 500 ending just shy of confirming its second correction of 2018, hurt by fresh worries of an escalation of US-China trade tensions and a sharp drop in big tech and Internet names.

Gold falls on strong dollar, equities lift

Gold has eased, sliding off a more than three-month peak in the previous session, pressured by a strong dollar and as investors returned to riskier assets following a recent sell-off in global stocks.

Oil dips as Russia signals high output

Oil prices have edged lower, with futures on track for the worst monthly performance since mid-2016, after Russia signalled that output will remain high and as concern over the global economy fuelled worries about demand for crude.

Perth CEO sacked by commissioners

UPDATED: Former City of Perth chief executive Martin Mileham says he is considering legal action after being sacked suddenly by the commissioners running the council yesterday.

Sirona positive on Perth growth

SPECIAL REPORT: Taking a long-term view of WA’s development potential is paying off for Sirona Capital.

Brookfield builds for the future

SPECIAL REPORT: Commercial property player and Perth’s biggest landlord, Brookfield, is building on its success across the city with big plans and a strategic focus.

Navitas, Jones continue stand-off

Navitas founder Rod Jones and his fellow board members have failed to reach agreement on insider protocols designed to manage conflicts of interest affecting the takeover target.

Perth office market absorbs foreign funds

SPECIAL REPORT: The greater volume of funding for commercial property is helping drive a push for diversification.

Popular Northbridge bar in limbo

The future of the Perth Cultural Centre’s Picabar has been placed in doubt, after its operators disclosed their lease had been terminated by the state government, which has transferred management of the precinct to the Perth Theatre Trust.

Gascoyne shares plummet after double resignation

Gascoyne Resources' share price plunged 55 per cent lower today after the gold miner disclosed managing director Mike Dunbar and chair Ian Murray both resigned last week, and it also downgraded its production forecast.

ASX lifts on miners, healthcare rally

A rally from the healthcare and materials sectors has pushed the Australian share market to a higher close despite weakness in overseas markets.

Ausdrill JV wins $US375m contract

Ausdrill-Barminco joint venture African Underground Mining Services has won a US$375 million underground mining services contract at AngloGold Ashanti’s Obuasi project in Ghana.

Gumala wins $15m in new work

Indigenous contractor Gumala Enterprises has secured a series of new contracts, including with iron ore miners Rio Tinto and BHP Billiton, worth a combined $15 million.

Rand forced to sell $60m Tribune stake

The Takeovers Panel has ordered the sale of a $60.1 million stake in gold miner Tribune Resources, along with updated disclosure from some of the company’s major shareholders.

Two wins at WA media awards

For the second year running, Business News was among the winners at the West Australian Media Awards announced on Saturday night.

Nicheliving refreshes ASX listing plan

Property developer Nicheliving has hit the restart button on its planned ASX listing, after making several major changes to the business, including announcing plans to appoint a new corporate adviser and auditor.

Holmes a Court, Perron at odds over art

Art Gallery of WA chair Janet Holmes a Court has gone head to head with Perron Group over the planned relocation of an artwork in the foyer of the Central Park office tower.

Alkane deal breaches hostile Explaurum bid

Alkane Resources is set to take an $8 million stake in takeover target Explaurum via a share placement that breaches the conditions of Ramelius Resources’ hostile bid.

ASX defies gloomy outlook in opening jump

The Australian share market has defied predictions of doom and gloom to climb at the start of a new trading week, with the heavyweight mining and banking sectors eking out early gains and healthcare stocks up by nearly three per cent.

Morning Headlines

Morrison to boost small end of town

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