Professional services company Turner & Townsend has been awarded an $8.2 million state government contract to establish and operate a program management office that will oversee Metronet’s program of works.
Advisory firm Mainsheet Capital has recruited Gerard Moody as a director, while global law firm Jones Day has a new managing partner in its Perth office.
Woodside Petroleum has awarded four contracts, which it is funding without a contribution from venture partner BHP Group, for front-end engineering design activities at its proposed $15 billion Scarborough project.
Consumer confidence has posted its largest monthly fall in more than three years, weighed down by a number of factors including the decline in house prices, global trade wars, and even the Australian men's cricket team.
The Australian share market has opened flat as market sentiment is pulled in opposite directions by optimism about a Chinese economic stimulus package, and pessimism about the UK House of Commons defeat of the Brexit deal.
Almost 80 Australian seafarers will lose their jobs after BHP and BlueScope quietly brought an end to their use of the last two Australian-manned iron ore vessels.
Gold prices have eased as the US dollar rose and stock markets climbed, but further losses were capped by concerns over slowing economic growth and prospects of a pause in US interest rate hikes.
Oil prices are about three per cent higher, supported by China's plan to introduce policies to stabilise a slowing economy, reversing the previous session's losses due to grim data in the world's second-largest economy.
US stocks have risen, as hopes of more stimulus for China's slowing economy and a jump in Netflix shares helped investors look past disappointing earnings from JPMorgan and Wells Fargo.
Albany-based firm Wauters Enterprises has been awarded a $16 million contract for stage two of the city's affordable student accommodation development.
The Australian share market has closed the day higher, boosted by signs from China the country is considering fresh measures to stimulate stuttering growth.
Menswear retailer Ed Harry, which employs 93 staff across 19 stores in Western Australia, has been placed in voluntary administration with an immediate clearance sale of merchandise coming into effect as creditors assess the business.
Wealth manager IOOF Holdings says its buyout of pension assets from ANZ Banking Group has been delayed by at least three months, as fallout from a damaging finance sector inquiry hits dealmaking.
Under-pressure retailer The Reject Shop says it expects half-year profit to match earlier guidance, but the firm circling for a takeover wants a clearer picture of the company's Christmas sales performance.
Discounter Kmart will reduce its prices in an attempt to revive sales growth, which came to an abrupt halt in December after five years of uninterrupted gains.
Oil prices are down about one per cent, pressured by data showing weakening imports and exports in China that raised new worries about a global economic slowdown hurting crude demand.
Technology shares have pulled Wall Street lower after an unexpected drop in China's exports in December reignited worries of a slowdown in global economic growth.
Gold prices have risen as global stocks fell on data showing China exports unexpectedly fell, pointing to further weakening in the world's second-largest economy and prompting investors to seek safety in the precious metal.
Disappointing Chinese trade data has given Australia's mining and energy sectors a whack and kept the broader market flat after what promised to be a positive start to the week.
Wesfarmers is expected to make a profit of $2.1 billion to $2.3 billion from the November demerger of its Coles supermarket division, and $670 million to $680 million from the sale of its stake in the Bengalla coal mine.
Australian shares are trading slightly higher but energy stocks continue to weigh at noon, while shares in Wesfarmers are in the red after the retail giant announced a weak Christmas for Kmart.
Oil prices have fallen nearly two per cent as investors worried about a global economic slowdown, snapping a nine-day winning streak spurred by US-China trade hopes, but clung to some gains from that rally to end the week higher.
The Australian share market hasn't been able to sustain its four-day rally despite strong retail sales figures, with banks and miners weighing on the bourse.
Vector Resources has acquired a 60 per cent stake of the Adidi-Kanga gold project in the Democratic Republic of Congo, in a cash and scrip deal worth about $14 million.
