Macmahon Holdings has sold its Mongolian operations to a private company for $US65 million ($A84m), following a long-standing payment dispute with its client at the project.
The federal government is set to launch a major shape-up of the life insurance industry, a sector the corporate supervisor believes is dogged by bad advice and high commissions.
Gold prices fell for the fourth straight session to a two-week low as traders awaited news on Greece's negotiations with its international lenders to avoid default.
Despite last weekend’s inclement weather, REIWA members reported a 9% increase in sales for the week ending 23 June which may also reflect a small flurry of end of financial year activity.
US stocks followed European equity markets lower, dropping sharply on signs of fresh tension during talks between Greece and its international creditors aimed at preventing a Greek debt default.
The Australian dollar is lower after the attention of global markets remained on Greece and its long-running debt negotiations, which stalled again overnight.
Wesfarmers has acquired a 13.7 per cent shareholding in Quadrant Energy, less than three weeks after the oil and gas producer was established as an independent company.
Perth-based firm Fastbrick Robotics is bringing its bricklaying robots, which have been backed by Dale Alcock, to the ASX, lining up an all-scrip acquisition deal with DMY Capital.
The Australian share market has closed slightly better than flat as a rise in overseas markets reflected optimism about a bail-out deal for debt-ridden Greece.
The state government plans to invite the private sector to bid for state-owned properties that aren’t listed for sale under a proposed unsolicited bids process, while also announcing the listing of 40 extra assets in the second wave of its land sales program.
Students at more than a third of Western Australia’s regulated registered training organisations (RTOs) have been exposed to range of serious breaches, including being taught by unqualified trainers and passing courses despite submitting incomplete or incorrect written assessments.
The corporate watchdog has begun civil penalty proceedings against Padbury Mining and two of its directors over statements made last year claiming the company had lined up $6 billion in equity to fund construction of a port and rail network at Oakajee north of Geraldton.
Perth IT company Empired has upgraded its revenue guidance for the financial year by $10 million, on the back of numerous recent contract wins totalling $65 million, and has more than doubled its staff since the start of the financial year.
Programmed Maintenance Services’ six-month pursuit of its larger competitor, Skilled Group, has paid off, with the Melbourne-based company backing a $424 million takeover offer.
Gold prices have eased as the euro slid sharply against the US dollar, and as stock markets rallied on hopes that Greece would reach a deal with its creditors to stave off default.
As the financial year draws to a close, not-for-profit organisations are seeking inventive ways to create sustainable income, but it’s far from a one-size-fits-all approach.
Oil prices have climbed lifted by expectations of a further decline in US inventories and positive data in the eurozone that could signal stronger demand.
The Australian dollar has nudged lower against a firmer greenback following the release of positive US housing data and comments from the US Federal Reserve.
Australian shares notched up a third consecutive day of gains on global optimism about the Greek government striking a debt bailout deal to avoid leaving the eurozone.
The state government expects to reap inabout $1 billion in revenue after signing a development agreement with the Woodside Petroleum-led Browse consortium to supply 800 perajoules of gas to the domestic market.
New research from publication The Economist indicates China will be the world’s largest economy by 2026, with a forecast nominal GDP nearing $US30 trillion, and predicts the rise of Asian nations will drastically affect global politics.
The state government has provided a further $4.6 million for drilling and prospecting activities at 44 projects in Western Australia, including Fortescue Metals Group’s Trifecta base metals project.
