Latest Headlines

Australian shares have surged across the board on positive local news and an upbeat lead from Wall Street.

Rio’s Kakadu uranium takeover faces blocking stake

Oil prices fell overnight to their lowest level since December 2018 on weaker Chinese demand in the wake of the coronavirus outbreak and as traders waited to see if Russia would join other producers in seeking further output cuts.

The price of gold rose to its highest level in a week on Monday as the death toll from the coronavirus outbreak climbed and investors sought safe haven from the economic impact.

The Australian share market has closed lower after global concerns about the coronavirus outbreak caused falls in most sectors.

PSC Insurance Group has purchased Perth-based Ultimate Safety Solutions Australia (USSA) and the majority of shares in Eden Software, which owns USSA’s SafeX technology, for an upfront payment of $700,000.

Julian Wright has commenced legal action in the Supreme Court, claiming he was defrauded when he sold his share of the family company to his siblings, 'rich listers' Angela Bennett and the late Michael Wright.

Developers have made progress on a pair of near-city apartment projects, with construction starting on a $15.5 million complex in Highgate by Momentum Wealth, while Willing Property has secured approval for its Clifton & Central project in Mount Lawley.

Australian Vanadium has received a $1.25 million grant from the federal government to find ways to improve vanadium production.

Specialist manufacturer LicenSys has received a $38 million contract renewal with Western Australia’s Department of Transport for the supply of vehicle number plates.

Kalgoorlie-based Hampton Mining and Civil Services has secured an early works contract for Mincor Resources’ Cassini nickel project in Western Australia’s Kambalda district.

Roborigger has successfully raised $5 million from Blackbird Ventures, an example of a Perth-based company seeking venture capital from out of state.

Goldminer Ramelius Resources has lodged a $208 million takeover offer for Spectrum Metals, after Spectrum settled its disputes with Venus Metals Corporation in relation to the acquisition of the Penny West gold project in Western Australia.

The state government has today pledged to spend $2 million promoting regional tourism and $8 million on aviation, as it ramps-up its response to the worsening coronavirus outbreak.

Ascot-based GR Engineering Services has been contracted to build a sulphide flotation and processing plant for Galena Mining’s base metals project in Western Australia.

OPINION: Western Australia’s lithium boom, which ran out of steam last year, will not be returning soon given the nationwide slowdown in China as it battles to contain the coronavirus outbreak.

Alicanto Minerals has exercised its option to acquire Zaffer Australian which owns the Oxberg and Naverberg Volcanogenic Massive Sulphide Projects within the highly endowed Cu-Au-Zn-Pb-Ag Bergslage

Boral boss Mike Kane has announced he is standing down after the company confirmed staff at its North American windows business had inflated earnings figures over a 20-month period.

JB Hi-Fi's Christmas has proven music to investors' ears, with strong summer sales and online growth helping the electronics retailer shake sector-wide softness and post a record first-half profit.

Australian shares were below the 7,000 points level at noon as continuing global concerns about the coronavirus outbreak caused falls in most sectors.

Cyclone hits Pilbara iron ore mines

Oil prices fell 1 per cent on Friday as Russia said it needed more time before committing to output cuts sought by other large producers while the coronavirus outbreak fanned worries about global crude demand.

Gold prices have risen as fears of an economic slowdown from the coronavirus outbreak and lower interest rates globally offset strong US economic data.

PODCAST: Mark Beyer and Mark Pownall discuss coronavirus, South Perth and Subiaco developments, Indiana Teahouse, property report, retail failures, mining contracts, how to turn a $6 million punt into a $30 million debt, and our special report on Western Australia's most influential people.

The Australian share market has snapped its three-day winning streak, with broad losses across most sectors despite Wall Street setting new record highs overnight.

Henderson-based Volt Power Group has signed an agreement with Chevron to trial a mobile solar light tower at the oil and gas company's Barrow Island LNG facility.

Airbnb says 4.5 million people booked rooms on its online lodging platform in regional Australia last year, with 260,000 guests visiting regional Western Australia, confirming the widespread uptake of its accommodation services.

The Yamatji Indigenous community has celebrated a landmark economic package and native title recognition for more than 100,000 hectares of land in Western Australia’s Mid West.

Four of Perth’s most notable business leaders offered their thoughts on how corporations can have a positive impact on the Western Australian community this afternoon, as Business News celebrated its ’Great for the State’ series ahead of the first edition for 2020.

Perth Festival begins tonight with a week of indigenous programming and the unveiling of a new venue, City of Lights at Perth Concert Hall.

Perth-based McCorkell Constructions has secured a $6.6 million contract with the state government to build a new fire and emergency services station in Kensington.

For a man tasked with delivering air travel solutions and encouraging people to fly, Kevin Brown says the bulk of his recent work has involved helping the travelling public spend less time in transit.