The corporate watchdog has started legal proceedings against accounting firm KPMG over its role in the collapsed Westpoint Group, where alleged negligent auditing claims are in the order of $200 million.
Shares in West Perth-based Bass Metals Ltd have jumped 45 per cent on news of record sales from the company's Que River mine and a $3 million cash injection.
Shares in West Perth-based Altera Resources Ltd have been placed into a trading halt, pending the announcement relating to its $13 million acquisition of an underground coal gasification firm.
Fortescue Metals Group Ltd has appointed former Cape Lambert Iron Ore Ltd chairman Ian Burston and former Oxiana chief executive Owen Hegarty to its board.
Banks anchored against storm; Resources slump blow to earnings; Rio lawyers threaten striking drivers; Fortescue eyes new port with mining giant's rail; Westoz sells 6.9pc into Cooper bid
The numerous assurances that Australia is well-placed to ride out the financial storm have not stopped panicky investors from fleeing the market, with the benchmark indices hemorrhaging over 15 per cent in the past week alone.
The stock market carnage over the past year has seen the value of Western Australia's blue chip stocks cut by half from their peak value while other stocks have been smashed to as little as 10 per cent of their top price.
Perth-based Noah Resources NL will undergo a transformation following the approval of its acquisition of Namibian Copper Pty Ltd, and expects to re-list on the local stock market by the end of the month.
Acceptances for Cooper Energy Ltd's takeover offer for Incremental Petroleum Ltd have jumped nearly 10 per cent, after the takeover target formally rejected the offer earlier this week.
Takeover target Perilya Ltd said it is open to CBH Resources Ltd's bid for the company, but advises a merger at a time of market volatility could expose shareholders to additional risks.
Perth-based Incremental Petroleum Ltd today dismissed suggestions by Cooper Energy Ltd that it has insufficient cash to fund its growth strategy as "scare mongering".
Perth-based Resolute Mining Ltd has unveiled an ambitious $51 million capital raising with funds to go towards the continued re-development of its African gold project which is expected to begin production this month.
Some good and bad news for home buyers with one research firm saying the property cycle looks to have bottomed out while a survey from another says trading conditions are likely to deteriorate over the next six months.
Cape Lambert Iron Ore Ltd has offered a board position to disgruntled shareholder Power United as the dispute, which involved court injunctions, is settled.
West Perth-based Royal Resources Ltd will sell its Pilbara iron ore project to its neighbour Giralia Resources Ltd for $3.2 million in cash and shares.
Perth-based agricultural investment manager Great Southern Ltd has unveiled its revised restructure plans after a falling share price forced it to go back to the drawing board.
A one-off expense associated with the takeover of Western Australia-based Home Building Society has slightly dented Bank of Queensland's net profit, which slipped 2 per cent for the 2008 fiscal year.
South-Perth based Cooper Energy Ltd chairman Laurie Shervington today said KPMG's valuation of its hostile takeover target Incremental Petroleum Ltd was out with the fairies.
The global financial turmoil appears to have hit the once impervious iron ore market after Mount Gibson Iron Ltd said some of its customers wanted shipments delayed, but other producers remain positive about the outlook.
THE Australian stock market rebounded to close almost 2 per cent higher after the Reserve Bank of Australia slashed the cash rate by 100 basis points to 6 per cent.
A TIGHTENING credit market provided the perfect opportunity for UK-based debtor finance specialist Bibby Financial Services to enter the Western Australian market, opening a Perth office this week.
THE sub-prime mortgage crisis could adversely affect some of the state's more conservative not-for-profit organisations, with a number having invested in complex financial securities called collateralised debt obligations.
MANY technology and innovation conferences in Western Australia have a sub theme that can be summed up as 'life after the resources boom', but the chair of next week's Leading Lights conference has a different focus.
THE details of the federal government's carbon trading system may not be finalsied, but one Western Australian carbon offset trader is hoping its early adopter status will be an advantage in the new legislative environment.
DURING the past three years, the influx of cranes into the Perth CBD has provided a strong visual reminder of the strength of Western Australia's economy and the buoyancy in the property sector.
THE market capitalisation of Western Australian listed companies crashed to a 20-month low during September, falling 21 per cent to $127 billion, according to the Deloitte WA Index.
THE medical supplier behind a locally developed physiotherapy device is raising capital to float the business and enhance its presence in world's competitive medical arena.
Emeco Holdings Ltd managing director Laurence Freedman has increased his interest in the company through the on market acquisition of 1 million shares at a total cost of $790,000.
WHEN issuers of high-yield securities backed by sub-prime mortgages went on the sales offensive to investors in Western Australia in mid-2007, they pursued the three Cs - councils, churches and charities.
