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.
Shares in uranium stocks Berkeley Energia and Eclipse Metals have risen sharply amidst positive news relating to the companies’ respective flagship projects.
Retail spending rose 0.4 per cent in November, beating market expectations, in a sign that Australians have well and truly embraced the Black Friday and Cyber Monday discount sales.
Asian stocks have inched upwards to one-month highs after US Federal Reserve Chairman Jerome Powell reiterated the US central bank can be patient on raising interest rates further.
Oil prices are slightly lower in see-saw trade, easing the day after a strong rally as investors were no longer encouraged by US-China trade talks and as weak Chinese economic data dampened risk appetite.
Wall Street has extended its rally into a fifth straight day in a session of whipsaw trading as investors responded to mixed comments by US Federal Reserve Chairman Jerome Powell, while a warning from Macy's pummelled retail stocks.
The Australian share market has had a flat finish to the day, as a 3.4 per cent fall in BHP shares after market giant went ex-dividend, offset any gains elsewhere.
Perseus Mining has awarded the engineering and supply contract at its Yaouré gold project, located in the West African country of Côte d’Ivoire, to fellow Perth-based company Lycopodium.
Early losses for market giants BHP and Commonwealth Bank have offset oil-driven gains for the Australian share market, which is flat at the open despite renewed global trade optimism.
