The national economy put in a better than expected performance during the back end of 2019 with GDP growing 0.5 per cent in the December quarter, but the news for Western Australia was not so good, with state final demand falling.
Oil prices fell in a volatile session on Tuesday, succumbing to fears the coronavirus would take a heavy toll on energy demand even after the Federal Reserve cut US interest rates and OPEC and allied producers considered more output cuts to support prices.
Gold surged overnight after the US central bank cut interest rates to help cushion the economic damage caused by the coronavirus outbreak and on expectations of policy easing by other major central banks.
The Australian subsidiary of Spanish engineering contractor Duro Felguera has been placed into voluntary administration after becoming mired in multiple legal disputes related to construction of the Roy Hill iron ore project.
The Australian share market has snapped a seven-day losing streak in which it lost over $250 billion in value over fears from the coronavirus epidemic.
Paladin Energy has received formal approval from the government of Malawi to proceed with the sale of its Kayelekera uranium project to Perth-based Lotus Resources and Lily Resources.
Flinders Mines has gained shareholder approval to progress its Pilbara iron ore project, following months of questioning from minority shareholders over the role major shareholder Todd Corporation would play in developing the project.
Steve Thomas and Tony Krsticevic are among those given more responsibility in changes to the shadow cabinet announced by opposition leader Liza Harvey on the weekend.
Focusing on how Western Australia is tackling the need for more density and the law underpinning this growth, this podcast with Moharich & More director Belinda Moharich and Business News associate editor Dan Wilkie examines some current topics hitting the headlines, particularly in relation to infill development and density.
Gold explorer Anova Metals will appoint a new managing director upon completion of a proposed $3.9 million capital raising, while also entering into a loan agreement with a Hong Kong-based investment group for $2.5 million.
Perth’s median house price rose slightly in February, with the latest set of data from market analysts CoreLogic indicating a gradual recovery in home values could be taking hold.
The Ewaste Watch Institute’s John Gertsakis says there are several issues with the National Television and Computer Recycling Scheme that need to be resolved to improve the sector.
Australian Venue Co has plans to undertake $2 million of renovations for the Victoria Park Hotel, which it bought last year as part of a $200 million purchase of Coles’ portfolio of pubs and restaurants.
The Reserve Bank of Australia has cut the cash rate to a new record low of 0.5 per cent as it acts to soften the economic impact of the coronavirus, with Australia's "big four" banks each announcing they would pass on the rate cut in full.
The Australian share market has powered more than 1.5 per cent higher as investors punt on global central banks taking stimulus action to ease economic pain caused by the coronavirus.
Oil prices rose over 5 per cent overnight, reversing an early fall to multi-year lows as hopes of a deeper cut in output by OPEC and stimulus from central banks countered worries about damage to demand from the coronavirus outbreak.
Gold rose nearly 1 per cent overnight after suffering its largest daily fall in nearly seven years, as expectations grew for policy easing by the US Federal Reserve and other central banks to help boost the coronavirus-hit global economy.
Gage Roads Brewing Co has taken a half-year profit hit after sales of its Good Drinks brands at national chains dipped by 25 per cent, but the Palmyra-based brewer says the sales shortfall is a temporary issue.
The Australian share market has suffered its worst day in over four years, closing the day at a six-month low amid a growing panic the coronavirus outbreak will trigger a global recession.
PODCAST: Mark Beyer and Dan Wilkie discuss the stockmarket rout, Ben Wyatt, housing construction recovery, Paul Blackburne, infrastructure priorities, the Biome project, and our special report on Oil and Gas Projects.
Creditors have opted to liquidate Perth Fashion Festival today, just days after festival director Tony Sage failed to sell down his Perth Glory soccer club stake; while the administrators had been unable to recover a debt owed to the company by industry body the Fashion Council WA.
Fortescue Metals Group chair Andrew Forrest has purchased an additional $242 million worth of shares in the company, shortly after Perth-based executives of other leading companies, including Peter Coleman, Ian Testrow and Bill Beament, also made big trades.
Gold explorer Antipa Minerals has entered a joint venture agreement with Newcrest Mining, which could invest up to $60 million to explore the company’s tenements in the Paterson province.
Rio Tinto today reported the discovery of around 200 million tonnes of iron ore reserves at its Western Range deposit, following the completion of a pre-feasibility study and the signing of a non-b
