Canadian dairy giant Saputo will lift its takeover offer for Warrnambool Cheese and Butter to $9.20 per WCB share if it attains a stake in Warrnambool of more than 50 per cent.
The Australian dollar is still below 92 US cents as expectations the US Federal Reserve will taper its economic stimulus program weighs on the currency.
Gold prices have locked in the largest weekly drop since September as simmering worries over the likely end of US stimulus efforts sent futures down 3.4 per cent.
Embattled miner Mirabela Nickel has formally acknowledged “significant uncertainty” about whether it will continue as a going concern, after Canadian regulators issued a ‘cease trade' order.
Empire Oil & Gas has conceded defeat in its bid to stave off efforts by major shareholder ERM Power to overthrow its board, saying it now believes ERM's proposal is the best way forward for the company.
Premier and science minister Colin Barnett has praised the efforts of the state's scientists and others in the field, at the Western Australian Science Awards ceremony last night.
Fortescue Metals Group chairman Andrew Forrest says there is strong demand to employ indigenous Australians but "soft racism" tied to Australian larrikinism needs to go
Junior oil and gas company Pura Vida Energy has named Jeff Dowling as its new chairman and Ric Malcolm as a non-executive director, with current chairman Bevan Tarratt to resign from the board.
Reserve Bank of Australia governor Glenn Stevens says he is prepared to put the final nail in the coffin of the "uncomfortably high" Australian dollar if need be.
Diploma Group has developed a new remuneration package for managing director Nick Di Latte with a lower base pay but new performance incentives as it prepares to face shareholders at its annual general meeting next week.
The Western Australian resources boom of the past decade is well documented; not so widely recognised, however, has been the associated growth in civil infrastructure construction.
Retailer David Jones has borne the anger of shareholders, incurring a first "strike" at its annual general meeting and setting up a potential board spill.
The Dow Jones Industrial Average has closed above the key threshold of 16,000 for the first time, extending a rally that has seen the gauge add over 22 per cent this year.
The Australian dollar dipped below 92 US cents for the first time in two and a half months after the head of the Reserve Bank said he has an open mind on intervening to get the exchange rate lower.
Gold futures have extended their early losses as minutes from the Federal Reserve's most recent policy meeting show some officials still expect a wind-down of the central bank's bond buying in coming months.
Perth engineering firm Clough has ceased trading on the ASX after securing the green light from shareholders and the Federal Court to proceed with a $462 million takeover by South African group Murray & Roberts.
The Australian Institute of Company Directors has released its bi-annual Director Sentiment Index survey showing confidence of Australian directors about business and the future of the economy has improved since the election of the Abbott government.
FEATURE: The trucking and logistics sector is investing in new growth projects around Perth's two major freight hubs, despite the economic slowdown in WA.
The share market has fallen for its fourth straight day due to uncertainty about when the US will start to reduce its economic stimulus program, and a slowdown in Chinese manufacturing activity.
