Listed sandalwood producer TFS Corporation and China-backed Kimberley Agricultural Investment have been selected as the preferred proponents to develop 5,000 hectares in the Ord River irrigation area.
Brent crude oil prices have touched their weakest level in over 11 years on concerns of global oversupply, while Wall Street ended higher as investors went shopping after two days of sharp declines.
Gold futures prices are up than one per cent as weaker than expected US data and uncertainty about how fast the Federal Reserve will tighten interest rates next year weighed on the US dollar.
US stocks have ended stronger, helped by bounces in Apple and Microsoft as well as a rally in hospital stocks after more Americans signed up for subsidised health insurance.
The Turnbull government has sought to head off a Labor-trade unions scare campaign on weekend penalty rates by leaving any change to the independent workplace umpire.
The state government has flagged more asset sales after its mid-year budget update confirmed deepening financial problems, with the annual deficit worse than expected and state debt tipped to reach an unprecedented $39 billion.
Gold rose more than one per cent on Friday, recovering from its biggest daily loss in five months as the US dollar retreated, but remained near multi-year lows after the Federal Reserve lifted US interest rates.
Acrimony and finger pointing continue at a political level as the state government faces a ‘horrible’ mid-year budget review, with latest figures suggesting the recent dramatic increase in state debt has been fuelled by a spending push that has outpaced revenue growth.
US stocks have led a decline in most equity markets around the globe, a day after the Federal Reserve's first interest rate rise in nearly a decade, as continued pressure on oil weighed on the energy sector.
Gold prices have fallen more than one per cent, after the Federal Reserve increased US interest rates for the first time in nearly a decade and hinted at more increases in 2016.
The financial affairs of numerous previously low-key unlisted or foreign-owned companies headquartered in Western Australia have been released by the Australian Tax Office.
Premier Colin Barnett has expressed his ‘extreme’ disappointment at yesterday's Supreme Court ruling on the Roe 8 highway project, as the environment minister announced a ‘third party health check’ into the Environmental Protection Authority.
The US Federal Reserve's long-awaited rate rise seems to have clinched a pre-Christmas "Santa rally" for the Australian share market after local stocks closed higher for a second straight day.
The Australian share market has jumped higher in early trade, with the US Federal Reserve's decision to hike interest rates clearing the way for a likely Santa rally.
