WA has reported its fifth consecutive day of zero coronavirus infections. Roger Cook has warned Western Australians cannot become complacent, despite four more recoveries overnight. There are 15 active cases in WA.
AVZ Minerals will receive a $10.5 million investment from China-based Yibin Tianyi to progress its flagship lithium project in Central Africa, while also receiving commitments to raise $5.3 million.
Adarsh Australia has been awarded a government contract to produce up to 10,000 face shields for Western Australia’s surgeons and ENT specialists, boosting the state’s supply of critical protective medical equipment during the COVID-19 pandemic.
Halls Head Shopping Centre has sold for $6.3 million to an unnamed interstate investor, continuing a recent trend of east coast players acquiring Western Australian retail assets.
Passenger numbers at Perth Airport have fallen more than 1 million since April last year, with the airport also raising concern about its financial position after being left with outstanding payments from its two largest airlines.
The state government’s $2 billion Morley-Ellenbrook rail project has been given the go-ahead from Infrastructure Australia, though the national body questioned some of the benefits and found they would just outweigh the costs.
Westpac has joined rival ANZ in deciding to not pay an interim dividend to shareholders after it posted a first-half profit slide because of hefty impairment charges related mainly to the COVID-19 pandemic.
US President Donald Trump's threat to impose new tariffs on China has helped gold prices climb by more than one per cent but bullion was on track for its worst week since mid-March.
Oil producers should start the week buoyant after two industry benchmarks posted their first weekly gains in four weeks as OPEC and its allies cut output to tackle a supply glut from the coronavirus crisis.
Engineering contractor Monadelphous has disclosed multiple problems across its operations, with supply chain issues causing delays on large projects, and contract disputes and low profits forcing a restructure of its water infrastructure business.
The National Cabinet has brought forward its decision to ease restrictions. The federal government will inject a further $205 million into aged care. Western Australia has reported zero new coronavirus cases overnight. The state government will launch a COVID-19 testing program in schools.
The COVID-19 crisis has pushed any recovery in Western Australia’s residential building sector out to 2021-22 at the earliest, with new modelling released by the Master Builders Association showing the record downturn is set to continue.
Austal has won a $324 million contract to design and construct six evolved Cape-class patrol boats for the Royal Australian Navy, while also announcing it was not successful in the bid for a contract with the US Navy.
Western Australians broadly approve of the state government’s efforts to suppress COVID-19 but are becoming concerned about their own economic security, according to new research into the community’s response to the pandemic.
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Perth-based Australian Potash has sought further funding for its Lake Wells project in Western Australia after announcing a $5.15 million capital raising.
Newcrest Mining has completed a $1 billion placement, partly to fund an increased stake in a goldmine in South America, amid to raise a further $100 million under a share purchase plan.
A plunge in sales activity due to the COVID-19 crisis has not yet had a material effect on house prices, with Perth’s median nudging up slightly in April, according to CoreLogic.
Some in WA’s education sector remain at odds over how and when to reopen schools, as the state takes steps to relax its strict social distancing policies.
Retailers, shopping centre owners and shop assistants have joined forces to sell a plan to get people back into their stores and protect everyone's health.
Shares have slumped at the start of trade on the Australian stock market as investors respond to more global economic gloom from the coronavirus pandemic.
Gold prices fell overnight as investors liquidated their long positions, but was en route to its best month since August based on massive amounts of stimulus intended to help the economy recover from the COVID-19 outbreak.
Oil prices jumped overnight after producers said they would cut output and as signs the US crude glut was not growing as quickly as many feared resulted in an upbeat close.
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