Australia investors have emerged as one of the most pessimistic compared to other countries, in a new survey of senior fund managers who say the global financial crisis is still not over.
The Domenic Martino-chaired mining and engineering services company ORH has secured a $7.5 million equity and debt deal with Helmsman Funds Management.
The corporate regulator has agreed to settle a class action against Professional Investment Services relating to financial advice it gave to clients over the failed Westpoint Group.
Engineering construction activity in Western Australia is tipped to slump 20 per cent over the next two years, above that of a national 15 per cent decline, economic forecaster BIS Shrapnel says.
The market capitalisation of Western Australia's listed companies have continued their upward trend, adding a further 5.3 per cent in August to be collectively valued at $137.7 billion.
Cape Lambert Iron Ore has emerged with a 46.52 per cent stake in Perth-based Corvette Resources after its takeover offer for the junior explorer closed last week.
Shell ticks $50bn gas project; Middle-East threat to gas boom profits; PM puts poll pressure on Turnbull; Oil rig spilling 400 barrels a day; Bosses call for bigger class sizes.
Fortescue Metals Group has settled its third shipping dispute, today agreeing to pay an upfront $6.1 million to a Greek shipping company which had launched a $US130 million lawsuit against the iron ore miner last year.
West Perth-based Red Sky Energy says it will proceed with the acquisition of private company Cydonia Resources after its $4 million share placement closed oversubscribed.
Chevron has secured three new offtake deals for its Gorgon gas project with Japanese and South Korean companies, which Prime Minister Kevin Rudd claims are valued at more than $70 billion.
A lift in business confidence has driven expectations that Western Australia's economy will strengthen early next year, an inaugural index by the Chamber of Commerce and Industry shows.
Western Australia's unemployment rate has recorded the largest drop in August compared to other states while the nation's jobless rate remains steady at a seasonally adjusted 5.8 per cent, new figures show.
Paladin Energy says it has received strong institutional support for its $419 million share placement, which will be used to fund acquisitions and expand its Langer Heinrich uranium mine in Namibia.
Electricity sector expert Peter Oates has recommended a string of changes to electricity market rules and the contracts between generator Verve Energy and retailer Synergy to stem Verve's ongoing financial weakness and encourage investment in the sector.
After a rollercoaster 12 months, the iron ore industry is again showing signs of the rapid growth that made it the powerhouse of the state’s economy before the global financial meltdown.
WHEN the powers that be at Wesfarmers were mulling over the CV of Diane Smith-Gander before appointing her to their board, they must have thought how opportune it would have been to have her as a director two years earlier.
IT will have been a busy week at the headquarters of LandCorp with the state's development agency playing host to pitches from the short-listed developers for the Alkimos project 50 kilometres north of Perth.
A STOCK exchange listing is off the agenda, but Perth property developer Nigel Satterley is creating a corporate structure that will ensure his Satterley Group stays in business long after he is gone.
THE state government needs to increase the number of partnerships with the not-for-profit sector with an emphasis on improving access to funding, according to EON Foundation chair Caroline de Mori.
THE sister of Perth investor Farooq Khan has emerged as a substantial shareholder in investment firm Bentley Capital, as agitators that sought his removal from the board disperse.
THE local office at newly formed Morgan Stanley Smith Barney has been given a mandate to ramp-up its private client adviser numbers, as Perth's broking sector settles into its new look.
Perth businessman Gordon Martin's bid to bankroll a rescue package for Great Southern's timber plantations has gained traction amongst growers while a US investment fund has given its financial support for the move.
The total number of owner occupier loans in Western Australia dropped 3.3 per cent during July, the first fall in nine months, and economists forecast the downward trend to continue over the next few months.
Retailers can expect a tough 18 months ahead as the federal government's policy stimulus fades and growth in household income weakens, a leading forecaster says.
Stockbroking firm, Patersons Securities has launched a new specialist fixed income and hybrid securities joint venture based in Sydney called Davies & Partners.
Shares in gold explorer Carrick Gold closed almost 12 per cent higher today after the company announced the start of pre-feasability studies at it's three open-pit mines north east of Kalgoorlie.
Avoca Resources has appointed three of its board members, including managing director Rohan Williams, to the board of 44.85 per cent owned company, Dioro Exploration.
Two new directors have been appointed to Compass Hotel Group, allowing the company to pick up the pieces nearly two months after three-quarters of the board walked out.
