Gold has fallen as hints of more monetary stimulus from the European Central Bank weighed on the euro and pushed stocks higher, denting appetite for alternative assets.
This week we discuss oil and gas write-downs, City of Perth CEO, hardware, Shenton Park redevelopment, government infrastructure, and we look at how private schools are faring in this economy.
The state government plans to appeal last month’s shock Supreme Court ruling that overturned approval of the Roe 8 highway project, while also announcing it intends to proceed with a new environmental review of the project.
Dick Smith will close every one of its concessions in David Jones department stores next week as the receivers seek a buyer for the ailing electrical retailer.
Up to 380 employees will be made redundant when Perth-based manganese miner Consolidated Minerals puts its Woodie Woodie mine in the Pilbara on care and maintenance next month.
Australia’s big four banks and one insurance company have been ranked within the top 100 most sustainable companies in the world, with Commonwealth Bank of Australia leading the charge for the nation.
Empired shares lost over a third of their value after the IT services provider announced it had been hit with unexpected costs and was facing lower earnings.
Economist and climate change adviser Ross Garnaut has called on the Barnett government to write down the value of coal-fired power stations and other ageing assets, warning that keeping them online threatened its ability to reduce power prices.
Beach Energy and Santos are the latest Australian oil and gas companies to flag big write-downs, with Beach announcing late today it would cut capital spending and make impairment charges of up to $650 million.
Australian stocks have opened up more than a half per cent after a bounce in oil prices and hints by the head of the European Bank of more stimulus measures.
Wall Street has staged a modest rally as oil prices recorded their biggest gain this year and ECB President Mario Draghi raised hopes of more stimulus for Europe.
Gold has fallen after posting its biggest one-day gain in two weeks the day before, as hints of further stimulus from the European Central Bank hurt the euro and a rebound in global stocks curbed risk aversion.
Premier Colin Barnett has rejected calls for an independent inquiry into the deadly Yarloop bushfire to also include the recent Esperance bushfires, which killed four people.
BHP Billiton spin-off South32 has slashed its debt and sharply cut costs as it races to stay ahead of weaker earnings amid a slump in commodities prices.
Not many of the conversations I’ve had about gender really stick in my mind, but I do recall one spirited discussion about women in the workforce with a friend of my father’s, when I was an outspoken 17 year old.
Perth-based contractor AusGroup has recruited former Southern Cross Electrical Engineering boss Simon High as chief executive of its engineering services arm.
The state government will spend $4.7 million on re-sealing parts of the Kwinana Freeway and Forrest Highway, with work to be carried out by a subsidiary of Boral.
Gold and nickel miner Independence Group plans to make about 40 employees redundant after announcing it would cut exploration spending by $20 million in response to weak base metals prices.
Broadspectrum has resoundingly urged shareholders to reject the $692 million takeover offer from Spanish company Ferrovial, saying it significantly undervalues the business.
