Financial Services

A federal goods and services advisory body has recommended a $311 million cut in Western Australia's shares of GST revenue for the 2010 financial year.

Rio Tinto has pulled out of a uranium joint venture with West Perth-based Zambezi Resources, in what is the minnow's second blow this week.

Chinese company, East China Exploration, is set to take a 25 per cent in Perth-based Arafura Resources after subscribing to $24 million worth of shares at a significant premium.

Belmont-based property developer Diploma Group has booked an interim net profit of $941,000, a dramatic fall from the previous corresponding period's profit of $4.8 million.

Nickel producer Western Areas has signed an offtake and $45 million financing agreement with BHP Billiton, with the funds earmarked for mine development and plant expansion.

Western Australia's spike in unemployment to a two-year high has one business lobby group urging federal MPs to carefully consider the government's proposed Fair Work Bill ahead of next week's vote.

Shadow Treasurer Ben Wyatt has warned that record growth in public spending is likely to continue after Treasurer Troy Buswell sought a 143 per cent increase in on last year's advance.

Greens and Chevron set to face off over Gorgon vision; Unions opt for jobs over pay; Sacked workers rejected pay cuts; Coal price cut hits export earnings; China hit raises fear of great recession

REBOUNDS in the retail and mining sectors have lead a 13 per cent increase in the Deloitte Western Australian Index for the month of February, rising $73 billion to $82.

BRENDON Grylls has had a dilemma before.Back in September last year, he was sitting pretty, holding the balance of power and able to decide who formed a government.

The financial crisis is a major challenge for governments as well as business.

WITH the sixth anniversary of his chairmanship at Paladin Energy quickly approaching, Rick Crabb says it's a "good business to be in at the moment".

WESTERN Australian exporters have received encouraging news about the economies of some of the state's key trading partners, in particular India and China, with strong signs of growth for the future.

THE Fremantle Football Club is confident of securing another three-year licensing agreement with the AFL to operate in South Africa after launching the league's most successful overseas football project.

IT has been heralded as some sort of magic number - the 47 per cent debt-to-revenue ratio that is somehow tied to the state's financial future.

A failure to invest in the good times may come back to bite ... again.

There’s unlikely to be a return to record low CBD vacancy rates any time soon.

DURING the past few months, gold has been about the only game in town where investors have been able to make money as stocks rise.

US oil giant Chevron says it expects to "sanction" the Gorgon liquefied natural gas project during the second half of this year.

Aspiring gold miner Catalpa Resources has reserved Perth-based GR Engineering Services for the refurbishment and construction of a processing facility at its $92 million Edna May gold project near Westonia.

A business advisory firm has urged small businesses to quickly take advantage of a federal government tax break before the window of opportunity closes.

Australian stocks opened stronger after gains of almost six per cent on Wall Street overnight, leading to advances in the financial and resources sectors locally.

Westpac's plan to top SME lending; China slides into deflation; Labor braces for emissions fight; UBS tips $US2,500 an ounce for bullion; Turnbull, Costello face off on IR

Perth-based junior Iron Mountain Mining has proposed an off-market takeover for Terrain Minerals in a deal valued at nearly $2 million.

Principles designed to encourage greater consistency and transparency in non-statutory profit reporting have been released by the Financial Services Institute of Australasia and the Australian Institute of Company Directors today.

Shares in Quickstep Holdings have jumped as it secures an agency deal to promote sales in the Middle East and a $10 million convertible loan agreement.

Western Australia has recorded one of the larger falls in the number of job advertisements in newspapers and on the internet in February, a survey has found.

Kalahari claims another Extract chairman scalp; Chinese buy more Fortescue; Gillard beefs up work umpire; Wong admits ETS deadline in doubt; Rio’s US mine exit to chip at debt

Chinese steel maker Hunan Valin Iron and Steel Group Company is set to increase its stake to 17.4 per cent in Fortescue Metals Group by subscribing for a further $87 million in shares.

Western Australian businesses borrowed $1.5 billion against their receivables in the December quarter, up over 15 per cent from the prior corresponding period.

Integrated Legal Holdings, a firm originating from Perth, has expanded its presence on the east coast after it reached a deal to acquire the legal business of Sydney-based mda lawyers.

The Brian Gilbertson-led Pallinghurst Resources and associated company Red Rock Resources is set to take control of Jupiter Mines, which holds several exploration tenements in Western Australia, following shareholder approval.