A costly problem that dramatically shortens the life of subsea equipment used offshore of Western Australia is the focus of a collaborative project backed by some of the state's biggest energy producers.
Shares in local tech firm Nuheara soared today after the company announced it had become an approved supplier to the federal government's hearing services program, which was allocated a $539 million budget this year.
PODCAST: In this Business News podcast Mark Beyer and Mark Pownall discuss Coles spinoff plan, tourism challenge, waste to energy, remembering Warwick Kent and Mal Bryce, and our ICT feature focuses on where to for GovNext and cybersecurity.
Three local junior explorers have raised more than $21 million, with Draig Resources and Triton Minerals boosting their coffers while the Charlie Bass-led Eagle Mountain Mining has commenced trading on the ASX after raising $8 million via an initial public offering.
Australian shares have opened comfortably higher, buoyed by news that Wesfarmers plans to spin off supermarket giant Coles, and after the Dow Jones index in the US made a strong surge on easing fears of an international trade war.
Investors have welcomed today's news that Wesfarmers plans to spin-off supermarket giant Coles and create a separately listed business that would rank among the 30 biggest on the Australian stock market.
The Australian dollar has hit a one-week low against a strengthening US dollar after comments from Donald Trump's new economic advisor Larry Kudlow that the president favours a stronger US dollar.
Oil prices edged higher in choppy trade, after the International Energy Agency said global oil demand is expected to pick up this year, but warned supply is growing at a faster pace.
Gold prices have dipped, under pressure from a stronger US dollar, although tensions between Britain and Russia limited the precious metal's decline a day after it hit a one-week high.
Batteries and solar panels will be rolled out at 60 locations on the edge of the state's electricity grid throughout the Wheatbelt and Goldfields as part of a plan to improve reliability and cut capital costs across the Western Power network.
The wife of CV Check founder Steven Carolan has sold a 16.2 per cent stake in the business in an effort to improve liquidity and allow new investors into the company.
Updated: The search for the trainee pilot of a helicopter that crashed in open water off Port Hedland has ended after the wreckage and the missing pilot were found.
Commercial construction company EMCO Building has secured a $12.8 million contract to build an Aboriginal accommodation complex at Catherine's College at the University of Western Australia.
The corporate watchdog has today released a report outlining changes made by the big four banks to small business loans to remove unfair terms, while the Australian Competition and Consumer Commission has flagged concerns with the major banks' mortgage pricing strategies.
Shares in Altura Mining, which is on the brink of lithium production, jumped this morning after the $770 million company confirmed it was in discussions with its largest shareholder in relation to a potential control transaction.
Security services provider Threat Protect Australia has continued with its acquisition growth strategy, purchasing a South Australian security monitoring business for about $8 million.
The Australian dollar is only marginally higher, as falls on Wall Street weigh on the currency, after US President Donald Trump moved to impose new tariffs on China, raising fears of a trade war.
Oil prices gained 0.4 per cent in choppy trade on Wednesday, after a report showing a bigger-than-expected US crude stock build was offset by large distillate and gasoline inventory draws.
Gold prices have edged lower, pressured by a recovering US dollar and an expectation of higher interest rates, but supported by safe-haven buying after the sudden dismissal of US Secretary of State
The private consortium planning a $400 million waste-to-energy plant in Rockingham has signed a 20-year supply agreement with the Eastern Metropolitan Regional Council and been selected as the preferred tenderer by the City of Cockburn for a similar supply deal.
Two local tech companies have raised more than $5 million, with medical firm Proteomics International Laboratories securing $3.4 million via the exercise of options.
Technology, maintenance and education will be the key areas of focus for a new state government taskforce targeting job opportunities in the LNG sector.
The state government has recruited Canberra-based Caroline Spencer to be the state's next auditor general, three years after she was appointed to review the performance of incumbent Colin Murphy.
Roebourne-based indigenous group Ngarluma Yindjibarndi Foundation, which employs more than 50 people at its business operations throughout the Pilbara, has been placed into voluntary administration.
