Gold rose for a fifth session in a row on Wednesday, hitting a fresh three-week high as the dollar and global equities slid on concerns over China's devaluation of its currency.
US stocks have finished mostly higher as an afternoon rally led by Apple and energy equities overcame early weakness on fears about an economic slowdown in China.
Shares in local gold miner Millennium Minerals closed 13.7 per cent higher today on news it had increased its projected gold production by 11 per cent while lowering costs.
Western Power has reported a substantial reduction in operating expenditure for the third year in succession, and says it is on target to deliver $1.4 billion in savings across its current five-year access arrangement.
The Australian sharemarket has closed sharply lower after China's currency devaluation helped pull back resources stocks, and the Commonwealth Bank's capital raising weighed on the other big banks.
A report by the auditor general has found the state government's Pilbara Underground Power Project will cost nearly double the original estimate and be completed six years behind schedule because of poor planning and management.
Wage growth has remained at a record low for a second quarter, led by continuing fallout from the mining slowdown, but with pain across all industries and states.
Telstra shareholders hoping for another $1 billion windfall from the company this year could be disappointed as the telco funnels cash towards new acquisitions and its mobile network.
Business News 2015 Rising Stars winner International Maritime Services has won a $2.7 million contract to provide its services to a United Arab Emirates-based vessel over a one-year term.
There's been a small victory in the push for the release of documents about the contentious Perth Freight Link project, which Labor claims has a "cone of silence" surrounding it.
Bankwest has announced an 11 per cent rise in cash net profit to $752 million for the year to June 30, while its parent company Commonwealth Bank of Australia unveiled a record $9.15 billion cash profit.
Perth apartment sales have remained surprisingly strong despite widespread reports of a slowdown by developers and real estate agents across the sector.
US oil prices have sunk to their lowest level in more than six years after a surprise currency devaluation in China raised worries about the world's second-biggest economy.
US stocks have fallen sharply after China unexpectedly devalued its currency, as Apple, General Motors and other companies heavily exposed to China dropped.
Gold has risen to a three-week high as global stocks fall, and investors assess the impact of China's nearly two per cent devaluation of its currency and move to prop up its economy.
The Australian share market has closed lower, with the banking sector down ahead of the biggest bank's, the Commonwealth, full year results on Wednesday.
Crown Perth has stamped its claim as the state's best hotel, taking home a swag of prizes at the Australian Hotels Association's accommodation industry awards last night.
The state government has replaced Labor's Priority Start apprenticeship scheme with a new program it says will make it easier for building and construction companies to meet training targets.
A listed company led by Forge Group founder Peter Hutchinson and former AFL footballer James Clement has announced its second acquisition this year, adding Craig Mostyn Group's food services division to an earlier seafood deal.
Wesfarmers has promoted Rob Scott to managing director of a new industrials division created through the combination of its three non-retail operations.
Mining services group Bradken believes it is well placed for a turnaround in the sector after a major restructure and a full-year loss of $241.3 million.
Mongolia-focused miner Tian Poh Resources has announced plans to buy a thermal coal project from Modun Resources for $US2.21 million ($A3 million) and undertake a capital raising to fund the acquisition.
