The Australian dollar has lost some ground after weaker-than-expected US economic growth figures drove an earlier rally in the local currency overnight.
US stocks have surged after investors took a positive view of reduced growth estimates.The Dow Jones Industrial Average jumped 149.83 (1.02 per cent) to 14,910.14.
Perth companies GR Engineering and Aspen Group have announced new leadership, with GR founder Joe Ricciardo moving into a new role and Aspen recruiting a former Valad Property Group executive.
The Australian dollar is firmer after the People's Bank of China indicated it would move to prevent a credit crunch in the world's second largest economy.
The state government will establish a $5 million ex gratia hardship fund for subcontractors who were not paid for work on government building projects as a result of the insolvency of head contract
Gavin Construction has appointed administrators to see if it can continue trading, after the company ran into issues on a project in the state's north-west.
Opposition Leader Tony Abbott has laid out a coalition government's plan for the resources sector while mocking the government's controversial mining tax as an act of "economic self-harm".
Kevin Rudd has been spectacularly returned as leader of the federal Labor Party, defeating Julia Gillard in a caucus ballot 57 votes to 45 following a shift in support led by key powerbroker Bill S
Shares in Moly Mines have surged more than 20 per cent after the company agreed to sell output from its producing iron ore mine in the Pilbara to fellow miner Mineral Resources for about $38 millio
Federal resources minister Gary Gray is confident Australia will remain a major supplier of metal and minerals commodities, especially to South-East Asia.
Premier Colin Barnett is keeping a tight lid on how much has been spent on the government's failed attempts to revive the Muja coal-fired power station in Collie.
The state government will pay more for gas from Chevron's Gorgon project than from the North West Shelf, but says the increase won't all be passed on to consumers.
The Australian dollar has held its own against a stronger greenback driven by positive data, after China's central bank moved to calm fears that its country faces a credit crisis.