Oil prices settled 2.2 per cent higher overnight after attacks on two tankers in the Gulf of Oman stoked concerns of reduced crude trade flows through one of the world's key shipping routes.
Gold prices climbed to a week's high overnight, supported by expectations for an interest rate cut by the US Federal Reserve following soft inflation data although an uptick in equities capped gains.
Western Australia was the only state in the country to record both a decrease in employment numbers and an increase in its seasonally adjusted unemployment rate for May.
Adani has declared it's full steam ahead for its controversial coal mine after the Queensland government issued the final approval the company needs to begin construction.
Wesfarmers says full-year earnings from its department stores could fall by as much as $103 million after sales at the struggling Target chain fell by 2.3 per cent so far in the second half.
Thomson Geer has become the latest in a string of east coast law firms to enter the Western Australian market, acquiring LSV Borrello 10 years after the local firm was established.
Market research firm IBISWorld has identified five large gold mines in Western Australia set to shut down by 2025 because of low reserves, less than a month after a prominent gold mining consultancy rejected reports that Australian gold production is set to fall substantially.
The ACCC is examining whether a proposed takeover of Ruralco Holdings by a Canadian fertiliser giant could reduce wholesale competition and lead to discrimination against some independent retail stores.
Oil prices tumbled 4 per cent overnight to their lowest settlements in nearly five months, weakened by another unexpected rise in US crude stockpiles and by a dimming outlook for global oil demand.
Gold prices gained momentum overnight as the US dollar dipped on speculation about the US central bank cutting interest rates this year amid global economic growth concerns.
Mike Nahan announced at 7pm last night his intention to step down as leader of the Parliamentary Liberal Party, with a view to installing a new leader by the end of this week.
Macmahon Holdings has flagged the possibility of a $25 million to $35 million provision against its contract at the Telfer gold project amid ongoing negotiations with the project’s owner Newcrest Mining.
Arts funding was on the menu at a business breakfast co-sponsored by Business News and Screenwest this week, with panelist Ben Elton advocating development of a film studio in Perth to boost the sector.
VetDB is a platform that matches veterinary patients with their correct medical data. The VetDB system digitally records the vaccination event and then locks it to the animal’s unique microchip.
Perth-based ICT company Velrada is on track to hit $40 million in annual revenue after winning a multi-year contract in Victoria with Club Assist, the world’s largest mobile automotive battery retailer.
The Australian Securities and Investment Commission has begun civil proceedings against Perth-based RM Capital, alleging that an authorised representative for the firm was engaged in conflicted remuneration.
Premier Mark McGowan announced this morning that South Metropolitan TAFE will begin offering automation courses from semester two, 2019, the first of such nationally recognised qualifications available in Australia.
OPINION: Those of us who have learned to drive a motor vehicle will no doubt recall the driving instructor alerting us to ‘blind spots’, the parts of the road to the side and slightly behind your vehicle that you can’t see in your side or rear view mirrors.
The Tax Practitioners Board (TFB) announced this morning that it had terminated the tax agent registration of Peter Moltoni, following an investigation into the Perth accountant’s ties to a shell company in the British Virgin Islands.
