Oil prices rose 4.5 per cent a barrel overnight to their highest level in more than a month after US crude inventories shrank and as major producers cut nearly a third of offshore Gulf of Mexico production ahead of an expected storm.
Gold prices recouped losses to rise more than one per cent overnight as the US dollar slid after US Federal Reserve Chairman Jerome Powell fanned expectations of an interest rate cut, citing risks to the US economy.
The Australian share market has closed higher as every sector except for the miners rallied ahead of highly anticipated testimony by the US Federal Reserve chairman Jerome Powell.
Dexus’ $200 million Carillon City redevelopment is set for Development Assessment Panel approval tomorrow, which will make it the third major retail upgrade in Perth’s CBD in recent years.
WA’s major theatre company has reported a sharp fall in box office sales for the fourth year in succession, along with a small operating surplus, with a big donation from Minderoo Foundation helping to bolster its financial position.
Former Chamber of Minerals and Energy of WA chief executive Reg Howard-Smith has been appointed chairperson of the Waste Authority for a three-year term, replacing Marcus Geisler, who had served in the role since 2008.
Piedmont Lithium has raised $21 million via a share placement to complete the definitive feasibility study for its namesake project, while Marindi Metals has tapped investors for $2.5 million, and Koppar Resources for $1.1 million.
Shares in Dacian Gold have rallied to recover some ground from a significant fall last month, as the company released an update to its Mt Morgans mine plan, which noted significant potential to increase its annual production rate.
The federal government has signed a memorandum of understanding to invest $6 million in Western Australia's space industry so the state can play a significant role in the broader national expansion plan.
Donna Lund faced a workplace dilemma in 2016, working as a career practitioner at St Stephen’s School. she had found businesses increasingly reluctant to take on students for work experience.
Tourism Minister Paul Papalia today announced a suite of international marketing campaigns as part of what the government is calling the biggest international marketing push in the state's history.
Fleetcare will join Easi and Fleetnetwork, both also based in Westen Australia, as a preferred supplier of fleet management services for local governments across the state.
Oil futures rose overnight as Middle East tensions and OPEC supply cuts kept global benchmark Brent crude above $US64 a barrel, while gains were limited by the US-China trade dispute that has dragged on the global economy and crimped oil demand.
Gold edged up overnight after falling to a one-week low earlier in the session as investors used the drop in prices to buy the yellow metal, with bullion holding a key technical level.
Altura Mining and Pilbara Minerals have struck offtake agreements with Chinese firms for lithium concentrate from their respective Pilgangoora projects.
Local Government Minister David Templeman has suspended the Town of Port Hedland council following ongoing complaints, appointing a former state MP as commissioner to administer the town.
Warehousing and logistics business Silk Contract has taken up a four-hectare lot at the Roe Highway Logistics Park, with plans to construct a 21,000 square metre warehouse.
The end of the financial year has triggered the sale of a spate of long-running private companies in Western Australia, including global tech leader Immersive Technologies, mining consultancy CSA Global and Action Industrial Catering.
Legend Mining has raised $9.8 million via a share subscription agreement with Independence Group, and signed joint venture agreements with IGO and Mark Creasy’s Creasy Group at Fraser Range.
BGC Australia is exploring the divestment of its fibre cement and plasterboard businesses, picking up on a sales process it deferred earlier this year.
Malaga-based Jaylon Environmental Systems has secured a $15 million contract to supply and install evaporation pond liners for Kalium Lakes’ Beyondie sulphate of potash project.
The big four banks will have longer than expected to raise extra capital to absorb potential losses after the prudential regulator amended its proposed framework for minimising the fallout from failed institutions.
