Medicinal cannabis company Creso Pharma has announced it will expand into Sri Lanka, after it signed a binding letter of intent with Ceyoka Health, one of Sri Lanka’s largest pharmaceutical distribution companies.
The final months of 2018 hit investors in Western Australian stocks hard, with the Business News index of 30 local ASX-listed companies falling 13.3 per cent.
Shares in Cervantes Corporation jumped on the ASX today after the company announced it had concluded drill testing at its Albury Heath project located 20 kilometres north-west of Meekatharra.
Fresh forecasts have delivered a mixed outlook for Perth residential property in 2019, with CoreLogic-Moody’s Analytics predicting another year of median house price declines, while Domain expects the Western Australian capital to be Australia’s best-performing city.
Western Australian grain growers have had one of their best ever years, with 16 million tonnes moving through cooperative handler CBH Group’s network, about 400,000 tonnes above August estimates.
Victoria-based gas turbine engineering services company The Environmental Group will acquire the energy division of RCR Tomlinson, less than two months after the latter entered into voluntary administration.
Australian hospital operator Healius Ltd has rejected an 'opportunistic' $2.02 billion takeover offer from its largest shareholder, Jangho Hong Kong Holdings.
The Australian share market has burst out the gate with heavyweight mining and banking stocks leading the way, while an oil price leap also has the energy sector surging.
Wall Street has surged to close at its highest level in two weeks after a strong jobs report and assurances from US Federal Reserve Chairman Jerome Powell that the central bank would be patient and flexible in steering the course of interest rates.
Oil has risen nearly two per cent after proposed trade talks between the United States and China eased some fears about a global economic slowdown, but gains were capped after the US reported a sharp build in refined product inventories.
Gold has pulled back from a more than six-month peak, as robust US jobs data eased some concerns about an ailing economy, while palladium prices punched through the key $US1,300 level for the first time.
Henderson-based Volt Power Group has filed a writ in the Supreme Court of Western Australia against the vendor of Wescone Distribution, a mining equipment manufacturer it acquired in January 2018.
Shares in Tony Sage's Cape Lambert Resources have been placed in a temporary halt, ahead of a pending announcement regarding the company’s Kipushi cobalt-copper tailings project in the Democratic Republic of Congo.
Perth Airport is the fourth most punctual out of the seven largest in Australia, according to an annual survey compiled by global travel data provider OAG.
Construction has started on Thomas Building’s latest contract win, a $9 million, 25-apartment complex in Booragoon, as the formerly Pilbara-focused builder continues to grow its Perth operations.
ASX-listed law firm Shine Corporate has expanded its presence in Western Australia with the acquisition of local firm Carr & Co Divorce and Family Lawyers.
Fremantle-based Ocean Grown Abalone has been granted a licence to develop 5,000 artificial reefs to harvest greenlip abalone at the company’s Flinders Bay lease, located in Augusta.
Fallen Nationals MP Andrew Broad is quitting politics to ensure he doesn't remain a diminished figure and "half-laughing stock" in parliament, after a scandal involving a younger woman.
Oil prices have risen more than one per cent in a session of volatile trade, drawing support from signs that Saudi Arabia is cutting crude output but pressured by concerns that slowing global economic growth could dent demand.
Gold prices have climbed to a six and a half month peak, moving closer to the key $US1,300 an ounce level, as concerns about economic slowdown gripped global markets and fuelled demand for safe-haven bullion.
The ASX has surged ahead with gains across all the major sectors, while the Aussie dollar has mostly rebounded from a flash crash that hit many major currencies.
Wesfarmers-owned Kleenheat Gas has paid $25,200 in penalties, after the Australian Competition and Consumer Commission issued two infringement notices for alleged false and misleading discount gas campaign.
Gold and copper producer Doray Minerals has announced the sale of its Andy Well and Gnaweeda gold projects to Westgold Resources, in a cash and scrip deal worth $15 million.
Access to credit will remain the most significant barrier to house price growth in 2018, in Perth and across the nation, according to market analysts CoreLogic.
Opponents of a Puma Energy development on Dunsborough’s main street have emerged victorious from the three-year stoush, after the developer behind plans to build the 24-hour service station announced it would no longer proceed with its bid.
