Mining giant Rio Tinto has sold minority interests in some of its most valuable assets, including iron ore miner Hamersely Iron, to Chinese group Chinalco as part of a transformational US$19.5 billion deal.
Property developer and manager United Overseas Australia has revised up its earnings guidance for the 2008 calendar year, expecting profit to be $44 million.
The current economic climate has prompted more high net worth individuals to consider directly managing their investable funds rather than using an advisor, new research shows.
Payment of a minimum salary and return travel costs for spouses are some of the draft regulations released by the federal government today for employers of subclass 457 visa workers.
Chalice Gold Mines has received the final $841,000 payment of the sale of its Higginsville and Chalice gold projects in the Eastern Goldfields to Avoca Resources.
Shares in Leighton Holdings have surged as much as 10 per cent today as Australia's biggest construction company reports a 56 per cent fall in first-half net profit and a $239 million write down on the value of its infrastructure investments.
Directors in Incremental Petroleum have unanimously recommended TransAtlantic Petroleum's takeover offer after securing a further increase in the cash bid.
Western Australia's January jobless rate has risen to a seven-month high but the state still holds the lowest unemployment rate in the country, new figures show.
Engineering and fabrication company Ausgroup says the short-term outlook for the business will be challenging as it reports an 11 per cent dip in its interim net profit.
Rio, Chinalco ink $US20bn deal; Arrow fires new Pure Energy bid to oust rival; CBA flags first cut in 17 years; China's trade slump fuels global fears; WA chases miners for $300m
WITH Western Australia's fourth referendum on daylight saving since 1975 to be held in a few months, State Scene thought it appropriate to take a look back at parliament's disgraceful record on this question.
PERTH'S remoteness is a logistical nightmare for professional sports clubs wanting to participate in national or international competitions, forcing them to spend more money and time travelling than their eastern states counterparts.
CORPORATE hospitality is an integral part of sports entertainment, with companies spending tens of thousands of dollars each year to secure the rights to view home games of their local team.
THREE of Perth's major sporting facilities - Belmont Park, Gloucester Park and the WACA ground - are considering major property developments to fund upgrades and secure the financial viability of their various sports.
WHILE the government's decision to delay plans for a new sports stadium in Perth remains a major talking point, the state's biggest sporting clubs have told WA Business News of crippling capacity constraints and an opportunity lost.
ENERGY-EFFICIENT air-conditioning systems, wind turbine component manufacturing and efficient grinding mills are among Western Australian projects to receive federal funding in the first round of Climate Ready grants.
Trade opportunities The Western Australian Trade Enquiry Service is operated by the Chamber of Commerce and Industry WA with the support of the WA Government's Department of Industry and Resources.
INDUSTRIAL leasing activity held strong amidst a dramatic fall in sales through 2008, with the lack of supply of larger warehouse-style premises supporting rental values.
A NEW obstacle to the privatisation of the state government's superannuation fund, GESB, has emerged with the tax status of the $5.47 billion accumulation fund, West State Super, in doubt.
CORPORATE activity in the energy sector picked up a notch this week when acquisitive BG Group launched a $796 million cash offer for South Perth-based Pure Energy Resources.
ENCOURAGING signs from two key biofuels players points to a potential recovery for the sector, recently besieged by rising feedstock costs and plant commissioning problems.
BOATIES might have found a champion in Premier Colin Barnett, who has set his government's sights on a marina nestled into the northern part of Rous Head.
The owners of the Dampier to Bunbury natural gas pipeline have taken direct control of asset management activities that previously were run by Babcock & Brown Infrastructure subsidiary Westnet Energy.
