News

Rich Listers ride global resources bonanza

Hoyts has bought three venues from Grand Cinemas and administrators mulling options for two remaining venues weeks after the longstanding Perth business went under.

Everyone at Business News would like to thank you for your support during 2022 and wish you a Merry Christmas and a safe and happy New Year.

The local share market has closed 0.6 per cent lower with nearly all sectors in the red, and lost a similar amount for the week.

Administrators have granted Clough's proposed new owner Webuild an extension to pin down a final agreement for the sale, allowing more time to negotiate and potentially take on more projects.

Crackdown puts gas on backburner

The local share market has advanced for a second day, rising 0.5 per cent with nearly every sector in the green.

CPS Capital managing director Jason Peterson is seeking damages from Fairfax Media over an article published by the national news group that he claims is defamatory.

The majority of West Australian police members polled by the union voted to reject the government's latest pay offer.

WA to miss worst of 2023 slide

The ASX has recovered most of Tuesday's sharp losses suffered after the Bank of Japan's surprise move on bond yields, closing up 1.29 per cent.

Clough could be taken ‘around the world': Webuild global CEO

A man linked to Mount Hawthorn businessman Chris Marco has lost his appeal to rid his responsibility to repay parties who suffered losses, claiming he was only the middleman.

The local share market has fallen 1.54 per cent after Japan's ultra-dovish central bank unexpectedly eased its attempts to control bond yields.

Penny Wong heads to China.

The local share market has closed in the red for a third straight day, finishing down 0.2 per cent to its lowest close since November 16.

Three decades after the University of Notre Dame Australia's founding, its vice chancellor talks to Business News about what's next for WA's only private university.

Forrest in position for tilt at nickel miner

The local share market has now lost ground for two straight weeks after closing down 0.8 per cent on the day, and 0.9 per cent on the week.

Attorney-General Mark Dreyfus has announced the government will abolish the Administrative Appeals Tribunal.

NAB says higher inflation, rising interest rates and slower growth are starting to affect both businesses and consumers.

Next year is shaping up as a much tougher economic period amid growing fears of a global recession.

Listed gold miners in Gascoyne's data room

A series of cash rate hikes by the central bank has not dented Australia's job market, with unemployment in WA at 3.5 per cent.

Australian shares have fallen after the US Federal Reserve quashed hopes for a Santa rally when announcing its final rate hike of 2022.

An energy relief package for households and businesses that caps the price of gas has passed parliament.

Three years after being named WA's Innovator of the Year, crane technology company Roborigger is getting commercial traction.

Webuild primed for Clough projects

The local share market has advanced 0.7 per cent after a softer-than-expected inflation readout in the US ahead of the final Fed meeting of 2022.

Australia's multi-billion-dollar pipeline of new highways, railway upgrades and other projects is under threat from rising costs and acute labour shortages.

UPDATE: Administrators for Clough have found a new buyer in Webuild, the company that pulled out of a lifeline deal to save the Perth engineer just over a week ago.

Woolworths has raised $636 million in a selldown of shares in alcohol retailer, hotel and poker machine operator Endeavour Group.