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A change of leadership at Swan Taxis is part of a strategy to shake up the company's image, but there will be a tough fight ahead.

The Michael Ruane-led minerals explorer Reward Minerals has received firm commitments for a $5.2 million capital raising to fund ongoing work at its LD potash project in the Little Sandy Desert.

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The Australian share market has opened higher.

Oil prices have risen modestly, lifted by a weaker dollar that makes dollar-priced crude less expensive.

Gold rose above $US1,200 an ounce on Thursday, its biggest increase in almost a month, as the US dollar slid the day after the Federal Reserve indicated that interest rates may rise more slowly than many had expected.

The Nasdaq has powered to a fresh record, easily topping the prior all-time high in a broad rally that withstood signs that a Greek debt default could be moving closer.

The Australian dollar hit a one month high, buoyed by weakness in the US dollar and stronger gold and iron ore prices.

Making sure all parties are happy with the allocation of seating at the new sports stadium will require some nimble footwork by the Barnett government.

The chairman of a state inquiry into the impact of fly-in, fly-out work practices on mental health is confident Western Australia can enact a raft of recommendations to reduce suicides and improve wellbeing for the state's 60,000 Fifo workers, despite admitting the federal government's response to a recent similar national inquiry was ‘lame'.

It is known on financial markets as witching hour, and it was blamed for a surprise 1.3 per cent fall in Australian shares on Thursday.

West Perth-based oil and gas explorer Orca Energy has been forced to abandon a $20 million capital raising after concerns were raised by the Australian Securities Exchange.

The oil price recovery to more than $US60 a barrel appears to be accelerating one of the biggest corporate shuffles ever by a Western Australian company, with Seven Group getting ready to consolidate ownership of the oilfields of South Australia.

West Perth-based explorer Monto Minerals has joined the wave of backdoor listings, with the company announcing plans to acquire a US tech company for $13 million.

More than 37,000 Cash Converters customers who claimed they were charged excessive interest on short-term loans will get refunds after a multi-million dollar class action was settled out of court.

Nedlands-based sandalwood producer TFS Corporation will buy two US pharmaceutical companies for $US23.4 million ($A30.3 million) in cash and shares.

The federal government plans to use $800 million previously earmarked for Queensland infrastructure to develop Western Australia and Northern Territory projects as well.

MGC Global, which is currently the takeover target of Perth-based Erin Resources, has signed a $60 million agreement to sell its cosmetic cannabis product to a European cosmetic production company.

A damning report detailing corruption in the state authority tasked with prosecuting such misconduct is a reminder of the importance of oversight, an upper house MP says.

Local IT business Empired has secured a $10 million conract to provide infrastructure managed services to an unnamed global oil and gas company, under a three-year term.

Member for Perth Alannah MacTiernan has accused the federal and Western Australian governments of trying to prevent scrutiny of the $1.6 billion Perth Freight Link.

The Australian share market has opened lower following falls in metals and oil prices overnight.

Oil prices in New York have dipped following a mixed US petroleum supply report that showed lower crude supplies but a rise in petrol stocks.

The big number this week is the impending breakthrough of the 8,000 barrier for property listed for lease. Since the beginning of March when seasonal demand tailed off, rental listings have been rising at an average of 118 per week which compares with the average of 44 per week since the same time last year.

Gold prices turned higher after the Federal Reserve said the US economy is likely to be strong enough to support an interest rate increase by the end of 2015.

Wall Street stocks have risen after the US Federal Reserve kept its near-zero benchmark interest rate unchanged and Chair Janet Yellen pledged a methodical approach to raising rates.

The Australian dollar is higher, buoyed by weakness in the US dollar which fell after the US Federal Reserve's meeting failed to spell out the timing of an interest rate hike.

Donations totalling more than $200,000 have been made in the past two days ahead of tonight's CEO Sleepout fundraiser, but organiser St Vincent de Paul Society of WA is still hoping a final surge in contributions will exceed the $1 million mark.

The Australian dollar could fall below US70 cents next year as capital inflows subside, economist Saul Eslake told a WA Mining Club lunch in Perth yesterday.

Work has started on the $21.4 million Port Coogee shopping centre, with national development group Australand signing Adco Constructions to carry out the build.

A Western Australian company is anticipating a surge in global sales following preliminary results of state government-funded research into the effectiveness of shark deterrents.

Cash Converters International is close to settling a class action launched by customers who claimed they were charged excessive levels of interest and fees on personal loans.