If elected prime minister Bill Shorten will promptly scrap the coalition's "insipid" wage submission and ask the industrial umpire to raise award wages.
The Australian share market has plummeted at the start of trade after renewed concerns about US-Chinese trade tensions led to large losses on Wall Street overnight.
Oil futures fell overnight with Wall Street as the negative turn in the US-Chinese trade talks spooked investors who had sent oil higher in early trade on concerns about reports of sabotage attacks on tankers in the Middle East that could disrupt supplies.
Gold prices climbed and were on track for their best day in nearly three months overnight as investors sought a safe haven from market turmoil triggered by a Chinese announcement that it will retaliate over levies imposed by the US government.
Navitas has disclosed that it will incur costs of about $20 million on its acquisition by a BGH consortium, including fees to professional advisers and extra payments to its directors and executives.
The Australian share market has closed lower, pulled down by the financial sector as two banks went ex-dividend and housing finance approvals came in weaker than expected.
Ferrier Hodgson has launched a quickfire sale of Rental Management Australia, one of 12 businesses associated with fund manager Sterling First that went into administration earlier this month.
Opinion: While politicians are showering favoured industries in cash this federal election, voters should remember the recent train wreck of Carnegie Clean Energy as a reminder that subsidies for businesses can flop badly.
Black Swan State Theatre Company announced late on Friday afternoon that executive director Natalie Jenkins would be leaving and recently appointed board member Danielle Norrish would take the role.
The state government will assist potential operators of new tourist attractions to navigate the approvals process, following an industry campaign to reduce the red tape stifling the sector.
Bentley-based Quantify Technology has entered into a three-year agreement with Harvey Norman’s commercial division, which will see the franchise become the company’s exclusive distributor in the eastern states.
Aurecon has been awarded $8.5 million of detailed design works by the Public Transport Authority of WA for the proposed Bellevue railcar deport, as part of the $165 million Midland line extension project.
Commonwealth Bank of Australia's provisioning for customer remediation and responding to the royal commission has passed $2 billion after the lender set aside another $714 million in the third quarter.
Oil prices were mostly steady on Friday, ending last week slightly lower as trade tensions stoked by a US move to hike tariffs on Chinese goods overshadowed tightened global supplies and expectations of rising US refining demand.
Gold prices rose on Friday and were set to post a weekly rise as the United States raised tariffs on Chinese goods, exacerbating fears of a global economic slowdown, while palladium surged more than 5 per cent on technical buying and short covering.
Independent corporate advisory firm Azure Capital has announced two major changes, with French banking group Natixis buying a majority stake while sister company Azure Consulting will be bought out by its four partners.
Car sales in Western Australia might have been down again in April but there’s a sense of optimism about the Australian luxury vehicle market at Lamborghini, as the brand positions itself for two major automotive trends.
Property industry veteran Danny Psaros has called time on a 40 year career, with his retirement also bringing an end to his namesake development and construction firm.
PODCAST: Mark Pownall and Mark Beyer discuss the state budget, lithium expansion, medical research, Chevron's new headquarters, Sterling First and Rosendorff collapses, a rare IPO, Azure Capital, and our special report on universities.
The state government has fallen $1.7 billion behind its infrastructure spending commitments over the past two years, according to Western Australia’s civil construction industry’s peak body.
Investors are likely to sharpen their focus on Western Australian retail assets throughout the next 12 months, with retail turnover growing faster in WA than in any other state.
Parkd’s construction of a 190-bay relocatable car park for Mazda Bayswater has been parked for the foreseeable future, after the dealership said it would reassess the timing of the expansion.
