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
Perth's residential rental market is tightening significantly, with prospective tenants offering lease terms above the listed price in some locations as supply continues to fall.
Gold pared gains as investors booked profits after prices climbed more than 1 per cent earlier in the session on mounting worries about how the coronavirus outbreak might hurt the global economy.
Oil prices tumbled for a fifth day overnight to their lowest in more than a year, as further novel coronavirus cases outside China fanned fears that a pandemic could slow the global economy and erode demand for crude.
Paul Blackburne's unwavering belief that Perth needs more apartments has been validated by the growth of his company into one of the city's most prolific developers.
The Australian share market's remarkable gains for the year have vanished in four days of tumultuous trading as government officials rolled out worst-case scenarios for a response to the coronavirus outbreak.
Western Australia is the top jurisdiction in the world for mining investment, moving up from second place a year earlier, according to a recent survey from the Fraser Institute.
Western Australia's largest timber plantation owner, investment group New Forests, has expanded its holdings by purchasing 12,000 hectares of bluegums from Bunbury Fibre Plantations, a subsidiary of Japan's Mitsui & Co.
Struggling miner Dacian Gold has slashed the mineral resource estimate for its Mt Morgans operation in Western Australia and reduced expected production over the next three years.
Australia's travel ban on people coming from China has been extended for a further week as the government enacted an emergency response plan to deal with the coronavirus.
The Housing Industry Association is projecting an improvement in Western Australia's home building market by the end of this year, citing an increase in population, building approvals and private house sales as cause for optimism.
CBH Group has awarded contracts to WCP Civil and Georgiou Group, as part of what it expects to be more than $200 million in planned spending on the company's network this year.
SRG Global has secured a major portion of construction works at Chevron's new headquarters, currently being built at Elizabeth Quay, under a $72 million contract with Multiplex.
HBF is utilising the popularity of quokkas as a symbol of Western Australia and its status as a not-for-profit business as it takes on the big health funds on the east coast.
An increase in retail spending, a growing population and improved housing finance figures suggest positive times ahead for Western Australia's economy, according to CommSec chief economist Craig James.
The state government plan to shield entertainment venues from noise complaints is raising concerns in Fremantle, with claims the implementation of ‘special entertainment precincts' may not address the complexities associated with the port city's increasing density.
Australia's largest car dealership chain says the tough conditions in the vehicle market show no sign of rebounding, with nationwide sales down 7.8 per cent in 2019 and 12.5 per cent in January, compared to a year ago.
Lynas Corporation says Malaysia has approved a new three-year licence that allows it to operate the only major rare earths processing plant outside of China.
