THE details of the federal government's carbon trading system may not be finalsied, but one Western Australian carbon offset trader is hoping its early adopter status will be an advantage in the new legislative environment.
THE Australian stock market rebounded to close almost 2 per cent higher after the Reserve Bank of Australia slashed the cash rate by 100 basis points to 6 per cent.
The state's economic boom could turn into substantially higher electricity prices next year as Western Power submits its proposals to the Economic Regulation Authority to increase tariffs.
Incremental Petroleum Ltd has recommended its shareholders reject Cooper Energy Ltd's $86 million takeover offer, saying the offer undervalues the company by some 70 per cent.
Strong investor support for Perth-based Golden Gate Petroleum has boosted the company's capital raising efforts, with stakeholders raising a further $400,000 over the $4.7 million target.
The Australian stock market has clocked up its second-worst trading day for the year, closing down 5 per cent to its lowest point in three-years as panic selling engulfs markets around the world due to growing fears about the global financial crisis.
West Perth-based Centaurus Resources Ltd has offloaded most of its Australian assets to Clancy Exploration Ltd for $300,000 in a bid to focus on its portfolio of projects in Brazil.
Former managing director of Home Building Society, Craig Coleman, has joined the board of Perth-based Amcom Telecommunications as a non-executive director.
Australia's biggest bank is set to grow, with Commonwealth Bank of Australia to take over BankWest and St Andrew's Australia from their troubled UK-based parent, HBOS plc, for $2.1 billion.
'Thousands' of jobs in doubt as CBA prepares to snatch BankWest; Merger to create $10bn bonus: BHP; Iron ore producers steel themselves for a slide; $500m windfall in $A plunge; Mitsui walks from Crux project
Creditors of the collapsed Palandri Wine Group have today voted overwhelmingly in favour of placing the company into liquidation, but a return figure has yet to be determined as suspect transactions warrant further investigation.
The Reserve Bank of Australia may cut interest rates again by Christmas, after deciding to lower the cash rate by a surprising 100 basis points for the first time in 16 years, economists said.
The Reserve Bank of Australia has responded to the global financial crisis by cutting official interest rates by 1 percentage point to 6 per cent, larger than the widely expected half a percentage point cut.
The former Western Australian government's $37 million investment into streamlining the state's resource approval process has largely failed, according to a report by the Auditor General.
Engineering company Neptune Marine Services Ltd has finalised a $35 million acquisition of its second offshore construction vessel, with $7 million worth of contracts already locked in.
A joint venture including Macquarie Bank Ltd have purchased 7500 square metres of office space and retail arcade on Hay Street known as 160 Central for some $40 million.
ABM Resources NL plans to raise an extra $3.2 million dollars through a share purchase plan, after successfully raising $1 million through a placement to clients of Blackwood Capital Ltd.
A possible deal for the acquisition of BankWest by the Commonwealth Bank of Australia is likely to be reached tomorrow, as the major bank confirmed it was in exclusive talks with HBOS Plc to buy the Australian retail banking arm.
Backflip on Varanus may see state government gag report findings; Crisis sparks bank shake-up; Pilbara workers to strike; Investors hammer oil giants on global worries; Banks turn to fund for cheap cash
The market capitalisation of Western Australian listed companies have crashed to a 20-month low over September, falling 21 per cent to $127 billion, according to the Deloitte WA Index.
Toronto-listed Waratah Coal Ltd has urged its shareholders to take no action against a hostile bid by acquisitive billionaire Clive Palmer, who recently launched a takeover for a Western Australian iron ore play.
Engineering firm Clough Ltd has secured a further $20 million in work for its vessel, Normand Clipper in the Gulf of Mexico for Apache Corporation and Oceaneering International.
The former chairman of the state's Environmental Protection Authority has failed to quash a corruption report linking him to disgraced former premier and lobbyist Brian Burke.
O'Connor-based BrainyToys Ltd is looking to raise additional funds after reporting a net loss of $4 million for fiscal 2008 and a working capital deficiency of $1.1 million.
The state environment watchdog has recommended a proposal by the Water Corporation for the development of a desalination plant at Binningup, with the final nod of approval now needed from new Environment Minister Donna Faragher.
