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Changes to recycling policy could benefit WA

Two giant waste-to-energy projects planned for Kwinana and Rockingham have received a boost after the federal government unveiled a raft of policy initiatives to address China’s new restrictions on recyclable waste.

Westin Hotel to revive Perth’s East End

Marriott International has opened Perth’s first Westin Hotel, following an official ceremony this morning, launching part of a new $500 million dining and leisure precinct set to revamp the area.

Kin appoints new CEO

Aspiring gold miner KIN Mining has appointed former Syndicated Metals managing director Andrew Munckton as its new chief executive after former leader Don Harper quit in February.

WA coal mine worker crushed to death

A man has died after he was crushed at a coal mine in Collie last night.

$3.2bn federal funding for WA

Prime Minister Malcolm Turnbull has today announced $3.2 billion of federal government funding for Western Australian infrastructure projects ahead of next month’s budget, however, there is still uncertainty around the timing of a number of those projects.

Mark my words podcast

PODCAST: In this Business News podcast Mark Beyer and Mark Pownall discuss $3bn federal infrastructure boost, Perth’s urban sprawl, Burrup gas projects, global LNG production, Westin Hotel opens and mining projects.

Shark deterrent developer launches IPO

Perth company Ocean Guardian Holdings, which trades as Shark Shield, has launched a prospectus for a $5 million initial public offering, as it seeks to grow a suite of ocean safety products intended f

UK Bunnings remains a weight on Wesfarmers

Wesfarmers has blamed severe winter weather for another dramatic fall in sales at its struggling Bunnings venture in the UK and Ireland.

Australian stocks follow Wall St higher

The Australian share market has opened higher after some positive company earnings reports boosted US markets.

$A falls as $US rallies after ECB meeting

The Australian dollar is lower after the US dollar rallied following the European Central Bank meeting and the release of better than expected US employment data.

Oil prices gain on Iran sanctions worries

Oil prices gained on Thursday as the risk of renewed US sanctions on Iran, plunging Venezuelan output, and robust global demand shook off the effects of a strong US dollar.

Gold at 5-week lows, as $US strengthens

Gold prices hovered near five-week lows on Thursday as a stronger US dollar and lofty US bond yields dampened interest in bullion.

Morning Headlines

PM’s big WA spend

Mixed news for two Burrup projects

Long-running plans by Vikas Rambal’s Perdaman Industries to build a multi-billion dollar urea manufacturing plant in Western Australia have received a fillip, with his group signing a gas supply agreement with Woodside Petroleum.

Two additions to Horizon Power board

The state government has appointed Stephen Edwell chair of Horizon Power, and added Kylie Chamberlain to the utility’s board.

Market falls as Westpac woes impact banks

The Australian share market has been dragged lower by the big four banks after UBS downgraded Westpac in a report that questioned the quality of the lender's mortgage book.

Deeks chosen to boost WA trade

The state government has appointed Civmec defence general manager Mike Deeks as its new London-based agent general for Western Australia.

Perth Airport gains top ranking

Perth Airport has received the highest rating of Australia’s four biggest airports and registered a spike in profits during the past financial year, according to a report from the consumer watchdog.

Perth CBD office sales reach $740m

Perth’s CBD office market recorded $740 million worth of major transactions in the 12 months to March 2018, more than three times higher than it was this time last year, according to research undertaken by Savills Australia.

Pacific to build 52MW MinRes power station

Perth-based Pacific Energy, through its newly acquired Contract Power Group, has secured a contract with Mineral Resources to build a 52-megawatt power station at the Wodgina lithium project.

Local tech raisings down

Local startups and young technology companies registered a big decline in funds raised in the March quarter compared to December, according to the latest report from tech sector analysts Techboard.

Panel blocks major shareholder

The Takeovers Panel has blocked a major shareholder of Finders Resources from accepting the recent takeover offer after the corporate watchdog submitted an application to the panel.

Doubt over Australian supremacy in LNG

Consulting group Energy Quest has cast doubt over the long-held expectation that Australia will overtake Qatar as the world’s largest LNG producer, in part because of the anticipated decline in production at Woodside Petroleum's North West Shelf project.

APRA ends investor lending cap

The banking regulator has announced plans to remove the cap it placed on property lending to investors three years ago in response to booming borrowing levels and an overheating property market.

Sports bar brings the world to WA

A Victorian sports bar franchise has opened its second pub in Western Australia, part of a planned $10 million expansion in Perth.

Coles' third quarter sales lift 0.9%

Coles' food and liquor sales rose in the third quarter, with parent company Wesfarmers citing lower prices and improved service and quality for customers.

Aust shares flat as investors remain wary

Australian shares have opened flat with investors remaining cautious following the news US Treasury Secretary Steve Mnuchin will visit China next week amid trade tensions between the world's two largest economies.

Stewart targets Raine cheques

New chair Jan Stewart will be looking to grow awareness and financial support for the intergenerational Raine health study.

Architects adapt, future-proof services

Doing more with less is common practice for most businesses in an economic slowdown and the state’s architects are no different, with many adapting and evolving their services to win work.

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