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After its near-record start to 2024, the local share market has finished down 1.4 per cent, its worst one-day drop since July, with losses across every sector.

The Liberal candidacy race in Cottesloe appears to be ramping up, with David Honey using social media to campaign against development reform previously supported by rival Sandra Brewer.

The Town of Claremont has proposed a string of conditions to the Western Australian Planning Commission for a projected approval of a $65 million development.

The presence of gold mineralisation at Rincon Resources' South Telfer project warrants further investigation, managing director Gary Harvey told the market on Wednesday.

Two Western Australian junior miners are closing in on deals to sell their iron ore projects in the Pilbara.

New data from REIWA shows the state's listings plummeted in December as the housing shortage continues.

The issue of cyber security has overtaken skills shortage as the number one business concern of hundreds of senior executives in a KPMG survey.

Shares in Gold Road Resources have been sold off today after unexpected labour productivity issues at the Gruyere mine meant it just met the bottom end of its production guidance.

The prime minister wants four-year fixed terms for federal parliament, but admits the limits are unlikely to change soon.

Strike Energy has secured a sales agreement with Alinta Energy as it ramps up marketing activities for production from its Walyering gas field in the Perth Basin.

Wall Street has finished lower after the first day of trading in 2024 as a move higher in Treasury yields triggered declines among big tech names.

Crackdown on foreign PE tax plans

Nadia Budihardjo with the latest on BGC's financials; BP's biorefinery progress, and Fortescue's derailment investigation.

The ASX200 came within a tenth of a point of its all-time record set August 13, 2021 this morning, before closing just five points under it.

West Perth-based St George Mining has appointed an experienced industry executive as a non-executive director.

Miramar Resources has confirmed it will expand its Bangemall project.

A proposed 27-storey apartment project in Scarborough has been knocked back by the DevelopmentWA board for excessive bulk, height, and scale.

Regional WA is set to receive a boost, following additional transport funding from the state government.

Fortescue Metals Group has launched an internal investigation over a derailment at its Western Australian operations over the weekend.

The result follows a $41.6m loss in 2022 and comes at a turbulent time for the building and manufacturing giant.

Premier Roger Cook has publicly raised the prospect of bringing an NFL pre-season game to Perth.

BP's Kwinana biorefinery has been recommended for approval by the EPA, but the project will be watched closely to ensure it meets emissions reductions goals.

Perth biotechnology company PYC Therapeutics will collaborate with Google to develop and host an artificial intelligence platform for precision medicines.

Home values in the capital rose by 15.2 per cent in 2023, outpacing the national growth of 8.1 per cent.

Westgold Resources has revealed it is being prosecuted over a mine site fatality after Byrnecut, Northern Star Resources and Billabong Gold were fined more than $2 million.

Western Australia's ban on the commercial logging of native forests could protect two million hectares of trees for future generations.

RBA set for September cash rate cut

Everyone at Business News would like to thank you for your support during 2023 and wish you a Merry Christmas and a safe, happy New Year.

The multi-million dollar Cable Beach foreshore redevelopment project has progressed after the local government picked CMA Contracting as the preferred tenderer.

Western Power has been fined $80,000 after pleading guilty to failing to ensure network safety, after confessing it was aware of the issue that caused the Wheatbelt bushfire.

The $440 million South Perth tower is about six months away from completion, but a state government policy means buyers are being taxed ahead of settlement.

The local share market has finished flat for the day but rose 0.8 per cent for the week, notching a four-week winning streak and its longest since early 2023.