Oil futures gained nearly 2.0 per cent on Friday as comments from a top US official raised optimism for a US-China trade deal but worries about increasing crude supplies capped prices.
Gold prices slipped on Friday, on track to break a three-session winning streak as stock markets hit record highs following comments from US officials that progress was being made on the "phase one" trade agreement with the Chinese government.
Rio Tinto said it will subscribe to $326 million rights shares of Energy Resources of Australia, which has been desperately seeking funds to close and rehabilitate the controversial Ranger uranium mine.
The Australian share market has hit its highest level since late July, with gains across the board as traders bet that the country's sluggish economy will lead to another cut in the official cash rate.
The Australian Securities and Investments Commission has disqualified the founder and chief executive of labour hire company Ochre Workforce Solutions from managing companies for five years.
PODCAST: Mark Beyer and Mark Pownall discuss Invest and Trade WA, BHP CEO change, executive remuneration, Fini's Shenton Park project, Woodside's new tech partnership, our special report on fund managers and great for the state focuses on regional engagement
Western Australia’s Auditor General has warned the Department of Local Government Sport and Cultural Industries could be susceptible to financial fraud.
UPDATED: There is evidence senior WA public servant Paul Whyte stole up to $25 million or 10 times more than he is currently charged with, a court has heard.
West Perth-based Talga Resources is seeking to raise $6.25 million through a share placement and purchase plan, primarily to fund the development of its graphite project in Sweden.
Globalisation may have peaked, a big investment bank has declared, while predicting the 2020s could see the world split into two technology branches headed by China and the United States.
Public art plays a key role in efforts to increase vibrancy and liveability across Perth, with developers willing to contribute if it makes sense for their projects.
National Australia Bank has admitted it faces the prospect of further remediation and a huge fine for multiple possible breaches of counter terrorism and anti-money laundering laws.
FMG out of Guinea ore dealFortescue Metals Group has lost out to a global consortium on a tender to develop part of Guinea’s Simandou iron ore project. The West
Oil prices were mixed overnight as US crude futures were pressured by a build in domestic inventories and record production while forecasts from the Organisation of the Petroleum Exporting Countries for a lower-than-expected oil surplus supported Brent.
Gold prices rose on Thursday as investors remained concerned about the imminence of a trade deal between the United States and China, while a slip in riskier assets and the US currency further supported the metal.
The Australian share market has risen broadly while the dollar has slumped to a one-month low after a rise in unemployment increased hopes for a fourth cash rate cut.
Northern Star Resources executive chairman Bill Beament has been handsomely rewarded for the gold miner’s strong performance over the past few years, with the recent exercising of three million performance rights.
Iain Shields is acutely aware of the challenges around social housing, having experienced them personally in the UK and then in a professional capacity in Australia.
Biotech company Phylogica announced it had increased its shareholding in Vision Pharma to 90 per cent, following a $15 million investment using funds it had raised through a recent rights issue.
Takeover target Panoramic Resources revealed today operational performance at its Savannah nickel project would be below previous forecasts over the next four months and that it would need to raise extra capital, with bidder Independence Group saying it would now review its offer.
Wesfarmers managing director Rob Scott says the Bunnings and Kmart owner has detected a "modest improvement" in retail conditions following a lift in property prices and government tax rebates.
There’s no bad news in Western Australia’s battery industry, Energy Minister Bill Johnston says, shrugging off the deferral of major projects in recent months.
Western Australia has recorded the largest increase in employment of any state for the month of October, up by 6,300 people, but its unemployment rate has remained static at 5.7 per cent, according to the latest data from the Australian Bureau of Statistics.
Engineering company Monadelphous has entered the Chilean market with the acquisition of two jointly-owned mining services providers, Buildtek and Maqrent.
Magellan Power is considering operations for a capital raising early next year, including an IPO, as it sharpens its strategy to expand production of standalone power systems and microgrids.
Western Australia needs to be more aggressive in attracting foreign investment, Premier Mark McGowan told a Business News breakfast this morning, where he announced a recently established state economic office that is already facilitating dozens of projects.
