Perth-based medical cannabis company Phytotech Medical has completed its $20.7 million merger with Canada-based firm MMJ Bioscience and raised $4.8 million in an oversubscribed placement to sophisticated investors.
Oil prices have slumped for a fourth straight day as the steepest drop in Chinese equities since 2007 fuelled fresh fears about reduced demand in the world's top energy consumer.
Spot gold has lost ground, moving closer to last week's five-and-a-half- year lows below $USUS1,100 per ounce, with expectations for a near-term US interest rate hike seen keeping momentum firmly with the bears.
Two Western Australian firms have been among the first round of companies awarded federal grants in the ‘Accelerating Commercialisation’ entrepreneurs program.
With science increasingly giving hydraulic stimulation, or ‘fracking’, the thumbs up, the practice could be used to unlock enormous amounts of tight gas in WA.
The big miners have led the way as the Australian share market recovered from early jitters to end a run of three straight losses and close the day higher.
The National Australia Bank has joined the Commonwealth Bank and ANZ Bank in raising the interest rates it charges property investors, following measures announced by the banking regulator.
Margaret River has cemented its position among the least profitable of the nation's popular wine regions, with the latest figures showing half of its wine sold at a loss for the second year in a row.
The Northern Territory and federal governments are fast-tracking what could be one of the world's largest prawn farms by granting major project status to the proposal being driven by a Perth-based company.
Finbar Group's run of full-year net profit records appears to be over, with Perth’s biggest apartment developer flagging a net profit of $25.5 million for the 2015 financial year, around $11 m
nib Stadium will host a rugby union international for the first time next year following the state government's announcement today of a two-year deal with the Australian Rugby Union.
Perth financial services provider Pioneer Credit has today reported its 2014-15 earnings are expected to exceed its $6.6 million forecast, and post an operating profit of $7.7 million.