WESTERN Australia's long-term outlook remains bright, despite the upheaval on global financial markets, with labour shortages continuing to be one of the biggest challenges.
THERE are many things likely to change following the recent state election, not just as a result of a new government but also due to the circumstances in which it took power.
LITIGATION funder IMF Australia believes the worst of the sub-prime crisis impact in Western Australia is yet to come, with "a simmering pile" of non sub-prime collateralised debt obligations potentially adding to investors' woes.
Calling the bottom of the market is fraught with danger for real estate agents and developers, but many in the industry are hopeful that the tide is beginning to turn.
DESPITE tightening global credit markets, property analysts remain optimistic that the residential sector in Western Australia is headed for a growth phase in the near future.
Perth-based agricultural investment manager Great Southern Ltd may go back to the drawing board on its $438 million restructuring plans after the market meltdown slashed its share price.
World leaders have called for urgent steps to tackle the global financial crisis saying the time had come for sweeping reforms of multilateral institutions, including the UN Security Council.
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Despite the volatility in the wider market, the Deloitte index of Western Australian stocks rose by nearly six per cent over the past 12 months, compared to the All Ordinaries index which declined by over 16 per cent.
Shares in embattled Structural Monitoring Systems plc have slumped 60 per cent as the company seeks a shareholder vote to reduce the nominal value of its stock for a planned $4 million raising.
Nedlands-based Quickstep Holdings has appointed a new chief executive following the resignation of Nick Noble who has been with the company for eight years.
Woolworths Ltd chief executive Michael Luscombe has joined his Coles rival in calling for the state government to deregulate trading hours in WA at a Perth function today.
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West Perth-based Centaurus Resources Ltd has decided to sell its interest in the Liberdade iron ore project in Brazil in favour of concentrating on its other major assets.
Rio Tinto has continued its share raid on South Perth-based uranium explorer Extract Resources Ltd which is planning a merger with Kalahari Minerals Ltd.
Cape Lambert Iron Ore Ltd has today confirmed that it is fighting a court injunction brought about by major shareholder Power United Ltd, which is seeking to block the acquisition of a stake in an African project.
Shares in West Perth-based Tanami Gold NL have dropped 25 per cent on news the company plans to raise nearly $12 million through an entitlements issue to repay loans for ongoing development of its gold mine.
Four Mineral Securities Ltd directors, including mining identity Robert Champion de Crespigny, have stepped down following the company's merger with CopperCo Ltd.
The Australian Securities Exchange today delayed the start of equities trading while it sought to clarify aspects of move by the corporate regulator to ban short selling in the domestic market.
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The continued global financial turmoil has prompted Aurox Resources Ltd to review alternatives over project implementation for its Balla Balla titanomagnetite operation in the Pilbara.
The finance offer deadline for Australasian Resources Ltd's Balmoral South iron ore project has been pushed back by six months following recent merger developments with billionaire Clive Palmer.
Jupiter Mines Ltd has entered into a potential off-take agreement with a Chinese company over its iron ore projects in Western Australia and other iron assets.
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Cape Lambert Iron Ore Ltd has urged its shareholders to carefully consider the resolutions proposed by Power United, which earlier this week proposed for the removal of several directors including executive chairman Tony Sage.
Murchison Metals Ltd has posted a full year net profit of $56 million for the 2008 financial year, a turnaround from the previous year's loss of $45 million.
