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Optus locks in Perth Stadium naming rights

Perth’s new state-of-the-art sporting facility will be known as Optus Stadium after the telecommunications giant signed a 10-year naming rights deal with the state government.

Aust shares dip early but hold above 6,000

The Australian market has opened lower, with most sectors in the red following a flat US lead, but local shares remain above the psychologically important 6,000 point mark.

$A falls against $US

The Australian dollar is lower after the US dollar made gains overnight and the Reserve Bank of Australia kept its interest rate unchanged after its board meeting on Tuesday.

Morning Headlines

State says Yes to Optus deal

Oil falls amid Saudi tensions

Oil prices have settled lower after rising to the highest since July 2015 the previous day, while tension flared between Saudi Arabia and Iran, and the Saudi crown prince tightened his grip on power.

Gold dips as US dollar strengthens

Gold prices fell 0.5 per cent on Tuesday, retreating a bit from the previous day's rally as a stronger US dollar reduced the appeal of safe-haven investments, and oil prices also dipped.

Top award for medical device startup, NIMo

Medical innovation and commercialisation group SPARK Co-Lab launched its 2017 Design Course Pitch Night last night, naming medical device startup NIMo (Non Invasive Monitoring) as the winner.

Primewest lifts office market share

The $216 million sale of Westralia Square and the purchase of the Quadrant building for $175 million have been the largest-value office transactions of 2017 thus far.

Let there be light

Flexible workspaces, residential-like interiors and lighting matched to the body’s circadian rhythms are some of the design elements influencing commercial building fitouts in Perth.

Bentley, Gnangara industrial lots for sale

National dairy products supplier Lion is divesting some of its land holdings in Bentley, including a 2.9-hectare site, following its recent consolidation of the Masters Dairy depot as parts of its three-year growth plan.

Iron ore, oil drive stocks higher

The Australian share market is at its highest level in almost 10 years, with the benchmark S&P/ASX200 index closing 1 per cent higher today and the Western Australia-focused BN30 index jumping 1.8 per cent to a new high.

Disability program LeadAbility at risk of closure

Leadership WA has put its disability program LeadAbility on hold as it seeks new sponsorship following the state government’s decision not to fund the program for 2018.

Promising signs for WA car industry

Western Australia’s automotive sector has registered an 11.6 per cent spike in new vehicle sales for the month of October relative to 2016 off the back of increased purchases of light commercial ve

Change-agent Green embraces new gig

Jemma Green notched up two big achievements last month. Her company, Power Ledger, raised $34 million in Australia’s first ever ‘initial coin offering’, and she was elected deputy lord mayor of the City of Perth.

Minerals mismatch a super opportunity

Cuts to Chinese production and inaction by some big mining companies could present an opportunity for WA resources players.

RBA bets safe, leaves rates on hold

The central bank has left interest rates unchanged for a 15th consecutive month, amid expectations inflation will stay low for some time.

Wave energy a step closer

The first stage of Carnegie Clean Energy’s wave energy farm off the coast of Albany is under way, with the installation of a wave data buoy last week.

Franceschi prepares for ‘avolanche’

Jennifer Franceschi has invested millions preparing for a surge of new avocado production entering the market.

$1m telco upgrade for regions

South Western Wireless WA is set to establish fixed wireless internet services across large parts of the Wheatbelt, after winning a tender run by the North Eastern Wheatbelt Regional Organisation o

ASX charges into lunchtime at 6,000

The Australian share market is trading solidly higher at lunchtime, with upbeat overnight sentiment lifting the local markets to near 10-year highs and the S&P/ASX200 to twice breach the key 6,

$A is higher against $US

The Australian dollar is higher against its US counterpart amid escalating tension in the Middle East and as oil prices lift three per cent to a two-year high.

Oil surges 3% to two-year high on Saudi purge

Oil prices have risen more than 3 per cent, hitting the highest since early July 2015, as Saudi Arabia's crown prince cemented his power over the weekend with an anti-corruption crackdown, while the US rig count fell and markets continue to tighten.

Gold up more than 1% on geopolitical risks

Gold has risen more than one per cent, extending gains as geopolitical risks drove investors to safe-haven assets after the metal's third-straight weekly decline.

Morning Headlines

Turnbull announces citizenship rules for MPs

Construction contracts and tenders October 19 to November 1 2017

Colgan Industries has been awarded a $7.2 million contract to build stage seven of Karrakatta Mausoleum.

Strong support for cobalt miner's $20m raising

Australian Mines has raised $20 million through a strongly supported share placement, while denying any involvement in the leaking of details regarding the placement to the media.

Harmony to streamline livestock data

A Cottesloe-based agribusiness is hoping to improve operational productivity by increasing its use of data across the life cycle of its livestock and in its supply chain management.

Former Perth stockbroker sentenced

Former stockbroker Lewis Fellowes has been sentenced to three years’ imprisonment after pleading guilty to three dishonesty charges, but has been spared prison time after entering into a $30,000, five-year good behaviour bond.

Viola directs new PICA vision

Curator and critic Eugenio Viola is bringing a fresh outlook and almost a decade of experience to his role as senior curator at the Perth Institute of Contemporary Arts.

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