Latest Headlines

Perth’s house price woes have worsened further, after it recorded the sharpest decline in median price among Australian capital cities in June, according to the latest CoreLogic data.

A $1 billlion-plus lithium refinery planned for the Pilbara has been put on hold and a second refinery under construction in the South West has been reduced in size as local company Mineral Resources and its US partner restructure their joint venture after a sharp fall in lithium prices.

Former foreign minister Julie Bishop will become the first female chancellor of the Australian National University.

Andrew Forrest’s Minderoo Group has narrowed the choice for the preferred design to replace the Indiana Tea House on Cottesloe Beach, after two of the four designs received strong support from the public and the competition jury.

Northern Star Resources and Saracen Mineral Holdings have budgeted $76 million and $50 million towards exploration for this financial year, respectively, as the gold miners seek to continue to boost their record level of reserves.

Perth’s office market has emerged as the hottest leasing market in the country, with falling vacancies putting upwards pressure on rents in top-grade office stock.

Roe 8 to roll without toll: Libs

Oil prices rose for a fifth day overnight following a larger-than-expected drop in US inventories and after the Federal Reserve cut US interest rates for the first time in more than a decade.

Gold prices fell overnight after the US Federal Reserve cut interest rates for the first time since 2008, as markets priced in the move and a lack of dovish outlook failed to cheer investors.

The Australian share market has pulled back from its record highs despite gains for the energy sector.

Perth-based gold producer Resolute Mining is adding a fourth mine to its portfolio after striking an agreement to acquire privately owned Toro Gold, which owns the high-margin Mako mine in Senegal.

Independence Group has exceeded production guidance at its Nova project, but costs at the operation were also higher than expected and are forecast to increase even further this financial year.

Deputy under-treasurer Michael Court has joined the board of Horizon Power, the latest in a string of moves to appoint government employees to directorships at energy utilities.

Alex Ogg has been appointed chief executive of the Western Australian Fishing Industry Council Inc, after serving in the role on an interim basis since May.

A Committee for Perth report has confirmed the importance of foreign trade and investment in WA, but flagged concerns about wealth distribution.

The state government is making solid progress on its congestion busting, industry boosting infrastructure rollout.

Sheffield Resources has trimmed the capex of its Thunderbird mineral sands project by $101 million to $478 million, in order to significantly reduce its equity funding requirements.

Exports to Thailand from Western Australia have surged about 270 per cent from a low point just three years ago, as the South-East Asian country seeks to strengthen linkages with Australia and partners.

June quarter Inflation has narrowly beaten expectations with a rise to 0.6 per cent, which likely postpones a third consecutive rate cut next month but is not enough to ward off a further reduction by the end of the year.

A Perth window company and its director have been fined a total of $66,000 for not complying with a building commissioner’s order to fix incorrect glass installed at a Mandurah home.

The Western Australia Court of Appeal has dismissed an application seeking to overturn the environmental approval granted in 2017 to Cameco Australia’s Yeelirrie uranium project.

Greenland Minerals has secured $7 million via a share placement, with the funds raised to advance the development of its Kvanefjeld rare earths project.

ASG Group has beaten five other submissions to secure a five-year ICT contract with Main Roads Western Australia, in what is one of the largest ICT contracts awarded in WA so far this year.

Australia's battered and bruised financial services industry is gearing up for expansion into overseas markets.

The Australian share market has opened lower amid early losses in the heavyweight mining and financial sectors.

Data snooping free-for-all

Oil prices rose about two per cent overnight to a two-week high on optimism the US Federal Reserve will cut interest rates this week for the first time in more than 10 years, boosting demand expectations in the world's biggest oil user.

Gold prices steadied overnight ahead of the conclusion of the Federal Reserve's two-day policy meeting as investors awaited more information on the outlook for interest rate cuts by the US central bank.

Diversified construction giant BGC Australia is consolidating its homebuilding divisions, with BGC Residential and J-Corp’s eleven housing and development brands to be based at a new sprawling headquarters in Osborne Park.

Swan Taxis has announced plans to upgrade and substantially expand its fleet with more hybrid vehicles, following a similar investment by its Singapore-based owner Comfort DelGro Corporation.

The Australian share market has hit its highest levels ever, eclipsing a mark set just before the global financial crisis more than 11 years ago.

Altura Mining has recorded solid June quarterly results, but its share price still dropped, amid concerns of a supply and demand imbalance in the lithium sector.