THE Australian share market finished November on a positive note, buoyed by bargain hunters snapping up shares in BHP Billiton and Rio Tinto, two days after the $100 billion takeover dissolved.
THE ASX 200 Index is currently trading with a trailing price to earnings ratio of less than eight times historical earnings, while consensus estimates for the 2009 financial year earnings place the index on a forward multiple of 10.
THE Australian share market closed around 2.5 per cent weaker despite gains in resource giant BHP Billiton and a positive lead overnight from Wall Street.
THE Australian share market closed around 2.5 per cent weaker despite gains in resource giant BHP Billiton and a positive lead overnight from Wall Street.
IT was quite fitting that the chairman of state tourism body Australia's North West, Ian Laurance, was awarded the industry's top individual honour last week, an award named after one of his earliest mentors.
The decision by three non-executive directors – chairman Peter Mansell, Jenny Seabrook and Mel Ward – to quit the board of WA’s biggest publisher en masse should not be a surprise.
A Senate inquiry into the Varanus Island gas crisis has split on party lines, with coalition senators calling for a judicial inquiry after the majority Labor members concluded the Carpenter government's reponse was adequate.
The state government has over-ruled the Esperance Port Authority, ordering it to continue bulk nickel concentrate shipments next year, while also approving the export of lead stockpiled at the port.
Receiver Ferrier Hodgson says it has started an urgent assessment into miner CopperCo, which stunned the market last week after appointing administrators.
The state government has lived up to an election promise to boost funding for the Royal Flying Doctor Service, announcing today that it would provide an extra $29.9 million from its Royalties for Regions scheme.
The National Australia Bank is urging Western Australian business owners to not become complacent about the future after a survey found 87 per cent of owners did not have a business plan.
The joint venture partners in the Cossack Wanaea Lambert Hermes oil operation, located offshore Western Australia, have approved a $1.8 billion redevelopment project that will extend production beyond 2020.
A National Broadband Network can be delivered by more competitive usage of existing cable, copper and wireless technology platforms, plus a rollout of fibre according to local conditions, according to a new report.
Qantas, British Airways plot $8bn merger; US officially in recession; Wesfarmers re-jigs as Tilbrook steps down; Barnett betting on Browse to anchor Kimberley LNG hub; Venture giants pull plug on clean-coal plan
Paladin Energy has proposed an $18 million all-scrip takeover for Perth-based Fusion Resources, in a move that will expand the uranium miner's land holding in Queensland.
The central bank's rate cuts may be welcome news for first home buyers but more needs to be done to entice other buyers into the market, a Western Australian builders group says.
Swiss trading giant Glencore International will increase its stake in Minara Resources to over 70 per cent after subscribing to a shortfall of shares in the Perth firm's $210 million capital raising.
Investors have reacted negatively to the Reserve Bank's 100 basis point rate cut, with a benchmark index taking a hit shortly after the rate reduction was announced.
The Commonwealth Bank of Australia and the National Australia Bank have been swift in their response to the central bank's 100 basis point cut, passing on the full reduction to their customers.
A significant export earner for Western Australia in the 19th century is set to re-emerge with the launch of a plan to develop the state's sandalwood tree farming industry.
Shares in West Perth-based Greenland Minerals and Energy have jumped 27 per cent after Greenland's parliament gave in principle support to uranium mining.
Wesfarmers finance director Gene Tilbrook has decided to step down from the company after 23 years of service, with Terry Bowen appointed as his replacement.
Housing starts in Western Australia are forecast to be weaker for a third straight year in fiscal 2009, with numbers to drop by 16 per cent, the Housing Industry Association WA Outlook says.
