Industry dismay over RBA rate rise The Reserve Bank of Australia's decision to lift the official cash rate has caused surprise and dismay from various lobby groups, with one from WA saying the central bank has acted too hastily.
AS a pack of reporters thrust their dictaphones in front of Troy Buswell late last week, the treasurer remarked that it reminded him of something other than a press conference.
THE number of Western Australian companies considering listing on the local stock exchange may be gaining momentum, but the frantic activity from a couple of years ago is not likely to occur any time soon.
Directors in Western Australian-listed companies continued to embrace the free share-trading period after the black-out period concluded with the end of the reporting season.
Claremont-based explorer Australia Minerals and Mining Group has added momentum to the re-emergence of companies seeking to list on the ASX, recently lodging its prospectus for a $7.5 million initial public offer.
The corporate watchdog says it will start civil proceedings against a Perth financial advisory firm after clients invested $14 million into the failed Westpoint Group.
Nedlands-based explorer Integra Mining has confirmed it has raised $40 million, which will partly be used for the development of its Randalls gold project in the Goldfields.
IT services provider Empired will build on its presence in Victoria after securing a $3 million contract with the state government's Department of Education and Early Childhood Development for infrastructure outsourcing services.
Lithium producer Galaxy Resources gained as much as 16 per cent in trading this morning after announcing the completion of a $65 million institutional capital raising to be used on its Mt Cattlin mine at Ravensthorpe and a Chinese lithium project.
Western Australia is likely to be one of the few developed economies in the world to avoid a recession during the global economic slowdown, the Chamber of Commerce and Industry WA said today in its quarterly economic snapshot.
Budget cuts cost 471 jobs at RPH; Perth high on list of powerful; Rates move sends wrong sign; Extra malt elevates GrainCorp; ConsMin misled exchange on Mindy Mindy, tribunal told
The Reserve Bank of Australia's decision to lift the official cash rate has caused surprise and dismay from various lobby groups, with one from WA saying the central bank has acted too hastily.
Australia has become the first western economy in the world to lift interest rates with the Reserve Bank of Australia today increasing the official cash rate by 25 basis points.
West Perth-based Emergent Resources will pay up to $6.8 million to De Grey Mining to acquire the remaining 20 per cent interest it does not own in the Beyondie magnetite iron project in the Mid West.
Territory Resources has executed an agreement with its financiers, hedge book facility provider and major shareholder Noble Resources for the transfer of the company's bank debt to Noble.
High stakes in iiNet piracy court battle; Broker demand puts Myer float on track; Telstra plan under fire; Job ads jump shortens chance of rate increase; Vmoto corners rest of China factory stake
Australia's job market has continued to strengthen despite talk of an interest rate rise, with 14 per cent of companies expecting to increase employee numbers in the December quarter, according to the latest Dun & Bradstreet's Business Expectations survey
Iron ore junior Australasian Resources is awaiting ministerial conditions to progress its Balmoral South iron ore development following the release of the Environmental Protection Authority's report on the project.
Perth-based Newland Resources has unveiled a "revitalisation" plan that includes three new major investors including Argonaut and Craig Burton, and a refocus on acquiring resource projects.
Heron Resources says the first tranche of a project joint venture deal with Ningbo Shanshan has been completed, with the Chinese entity injecting $2.7 million into the West Perth-based explorer.
Scooter maker Vmoto has consolidated ownership of its Chinese manufacturing facility, buying out the remaining minority stake it did not own for $US1.3 million ($A1.5 million) and revealing plans for a $3.5 million capital raising.
The federal government has allocated $5.5 million to Western Australia for the restoration and conservation of some of the state's heritage places, including the main cell block within the Fremantle Prison.
Troy Resources chairman John Dow has fired the side's first shot at dissident shareholder, former chairman John Jones, who is trying to stop a dilutive capital raising.
Perth-based Global Construction Services has teamed up with private company Giovenco Industrial Services to provide scaffolding and related services to Woodside's Pluto gas project.
Takeover target Polaris Metals says there could be another takeover offer in the wings as first bidder Minerals Resources lifts its interest to 22.3 per cent.
China manufacturing on road to recovery; ATO ramps up audits of wealthy; PearlStreet board rejects competing higher offer; IMF says Australia on way to recovery; Macquarie on buying spree
