PERTH forensic accountants have warned of an increase in cases of corporate fraud as the expected aftermath of the global financial meltdown begins to affect Western Australia.
The state opposition has questioned Premier Colin Barnett's economic credibility after he requested federal government money for the Oakajee port project, which already has private sector funding.
In a bid to shore up funds amidst the global meltdown, Perth-based Eden Energy Ltd has agreed to sell three of its subsidiaries to an Australian-listed company for some $2 million in shares.
Clean power developer Carnegie Corporation Ltd plans to raise just over $17 million through a share purchase plan, with funds to be applied to the development of its CETO Wave Energy Technology.
The Australian market has shot up over 3.5 per cent at open today, boosted by a near 11 per cent surge on Wall Street overnight ahead of an expected interest rate cut.
Rattled markets look to rate cuts as circuit breaker; Barnett faces revolt over $1.5b in cuts; Banks urged to support frozen funds; Big banks staring at $1b payout over Bell; Gold the bright spot in grim mine sector
A day after Treasurer Wayne Swan declared BHP Billiton and Rio Tinto's Pilbara rail lines open to third parties, Fortescue Metals Group Ltd says it has written to the mining giants seeking a rail co-operation deal.
The Supreme Court of Western Australia has ruled against a syndicate of 20 financiers, including three of the four major banks, in the Bell Group litigation saga, the longest-running civil trial in the nation.
Shares in Perth-based Hydrotech International Ltd have jumped 40 per cent on the stock landing its first commercial contract in the United Kingdom outside of the rail industry.
Businesses are shying away from raising debt in the face of uncertainty and volatility in global financial markets with credit demand in Western Australia falling over 7 per cent, a new survey has found.
Furniture retailer Nick Scali Ltd says it remains committed to entering the Western Australian market, adding the delay presented opportunities to achieve a lower cost base amid a slowing economy.
The turmoil gripping global markets has put a question mark over RMA Energy Ltd's $100 million joint venture deal with an Asian consortium over the development of two Queensland assets.
Shares in Coote Industrial Ltd have bucked the broad downward trend of the market, jumping over 30 per cent in morning trade on a please explain note from the Australian Securities Exchange.
The future of the Busselton Jetty is now secure with the state government today confirming it will immediately offer $24 million over two years towards restoration works.
RBA races to rescue of plunging dollar; Japan shares hit 26-year low; More funds put in deep freeze; Tougher lobster laws to lift prices; Miners cut costs as metals plummet
Standard & Poor's Ratings Services has lowered its rating on Rick Stowe's private comany Griffin Coal Mining Company Pty Ltd after the coal miner's financial results were below expectations.
Peter Shergold, John Langoulant and Cathy Nance have been named in the state government's economic audit group that will review the operation and financial performance of the public sector.
United States company Cleveland Cliffs is looking to wrap up its takeover of iron ore miner Portman Ltd quickly, announcing today it will make on-market purchases at a possible discount to its $21.50 cash offer.
Mining services company Emerson Stewart Group Ltd has been awarded a new contract, valued at some $5 million, by BHP Billiton Nickel West at its Leinster operation in Western Australia.
A handful of Perth companies, Macmahon Holdings Ltd, Monadelphous Group Ltd and Nomad Building Solutions Ltd, have had their recommendations changed by analysts at brokerage Hartleys.
The state's largest credit society, Police & Nurses Credit Society, has pledged it will pass on in full any rate cut made by the Reserve Bank of Australia at its upcoming November meeting.
O'Connor-based Brainytoys Ltd is teetering on the brink of collapse with the stock's September quarterly in the red as capital injection deadline looms.
Shares in Mount Gibson Iron Ore Ltd are still placed in a trading halt as the company continues discussions with customers and third parties regarding off-take agreements.
Aussie dollar hammered as market prepares for another fall; Jobs to go as CBA swings the axe; Toymaker faces cash crunch, pair quit; US looks to fix ailing insurers; Funds call for guarantee
Perilya Ltd will retain its Mount Oxide copper project after buyer Chalice Gold Mines Ltd asked for the acquisition deal to be terminated amidst the fall in commodity prices.
The iron ore price will be a leading indicator of Western Australia's economic health as the risk of a slump continues to rise, a leading economic forecaster has warned.
Perth public relations firm Porter Novelli, owned and managed by Paul Downie and John McGlue, will operate under the FD Third Person banner after it was acquired by Financial Dynamics International.
