A New York-based hedge fund has moved to majority ownership of specialist business lender Radium Capital after purchasing a 50 per cent stake in the Perth-based company.
Lobsters were sold for as little as $30 per kilogram under an initiative to encourage domestic supply, according to an unpublished government report which found the Local Lobster Program at least partially met two major objectives but also raised numerous concerns.
Easing US-China trade tensions have helped Australia's big miners, energy companies, and tech stocks soar as the local bourse closes the week at a new two-month high.
Leaders interviewed for the annual Business News CEO survey suggest that forward-looking decisions on energy policy and tax will be vital for WA’s future prosperity.
PODCAST: Mark Pownall and Mark Beyer discuss Woodside projects, Heath Development, Navitas, rising philanthropy and our special report on WA’s biggest deals and dealmakers.
An unnamed Chinese private investor has purchased a Coles supermarket in the state’s South West for $19.6 million, part of a $50 million asset sell-off by the retail chain.
The Federal Court has imposed a $2.6 million penalty on Ultra Tune Australia, after it was found the automotive servicing and roadside assist company made false or misleading representations about a franchise site, and then tried to mislead the court in its defence.
West Perth-based gold and uranium explorer Predictive Discovery said employees at its joint venture with Progress Minerals in the West African country of Burkina Faso were safe, after a geologist working for its Canadian partner was kidnapped from the project site and killed.
Mining giant Rio Tinto expects to produce more iron ore this year, after it shipped 338.2 million tonnes of iron ore from its Pilbara operations in 2018, in line with full-year guidance.
The Australian share market is higher at lunchtime, led by the big miners, the big banks, and the tech sector after an 11 per cent surge in Afterpay shares.
Federal Opposition Leader Bill Shorten has kicked off his election campaign with a searing attack on big business and the wealthy, in a populist tirade that named and shamed one of Australia’s most iconic companies, miner BHP.
The Australian share market is expected to open higher after Wall Street made solid gains on reports that the US government might end some tariffs on Chinese imports.
Palladium has surpassed the $US1,400 mark for the first time, as demand for the auto-catalyst metal overtook its availability in the market, while gold edged lower as the US dollar gained on better-than-expected US weekly jobs data.
Oil prices have steadied, boosted by a rebound in US equities, after earlier losses on fears about surging US crude production and a weakening global economy.
Commodity-based stocks have helped the ASX hit a new nine-week high, following the release of several encouraging earnings reports, while online retailer Kogan.com surged on strong Christmas trade.
A drumline trial set to control and monitor great white shark numbers off Western Australia’s south west coast is set to go ahead, after the Environmental Protection Authority found no concerns.
SPECIAL REPORT: The upcoming aged care royal commission will shine a spotlight on the industry, and while some are hopeful of a positive outcome, others are concerned.
SPECIAL REPORT: WA is continuing to boast a strong aged care development pipeline, and the completion of multiple major developments has meant an increase in bed numbers for some providers.
The total number of home loans rose by 2.4 per cent in Western Australia last November, against a 0.9 per cent fall nationally, according to the Australian Bureau of Statistics.
Diversified miner South32 has announced corporate affairs and investor relations executive Katie Tovich will replace Brendan Harris as chief financial officer, who will take over the chief marketing officer role from Peter Finnimore.
Mining mogul Gina Rinehart retains her spot at the top of Forbes' Aussie rich list despite falling iron ore prices knocking her wealth down $US1.8 billion, to $US14.8 billion (down approximately $2.5 billion, to approximately $20.6 billion).
Woodside Petroleum has announced December quarter revenue of $1.42 billion, a rise of 43 per cent on the previous corresponding period and surpassing investment bank UBS's estimate of $1.35 billion for the period.
Prime Minister Theresa May has won a confidence vote in the British parliament and then appealed to MPs from across the political divide to come together to try to break the impasse on a Brexit divorce agreement.
Asian shares have crept higher as upbeat bank earnings bolstered Wall Street, while an anti-climactic end to the latest chapter in the Brexit saga gave sterling a moment's peace.
