Two reports out today highlight the weakness in Western Australian property prices over the past decade, including dramatic falls in some regional pockets, but the upside is the state has the most affordable housing across the nation.
After reaching a 16-year high in March, Western Australia’s unemployment rate has enjoyed its third straight month of decline, with nearly 3,000 jobs added across the state in June.
Perth tech startup Appbot, which counts 35 per cent of the world’s top charting app developers as customers, has turned to artificial intelligence to develop a new service that helps organisations manage large volumes of feedback.
Lithium advocates have been cautioned to separate facts from hype as it is not yet clear if battery manufacturing in Western Australia will be practical, although refining plans should proceed immediately, according to Mckinsey & Co partner Prabhav Sharma.
Poseidon Nickel has released a feasibility study confirming the viability of restarting its mothballed Black Swan project near Kalgoorlie, with an estimated capital expenditure of $56.7 million.
Bentley-based communications company Swift Networks Group has announced a number of new contracts, including infrastructure works at Iluka Resources' Cataby project and a 12-month extension at AngloGold Ashanti's Tropicana facility in Kalgoorlie.
The much anticipated Browse LNG project has taken a step forward with partners arriving at an early stage agreement on pricing to pipe gas through an existing Karratha plant, while a proposed second train at Pluto LNG now looks likely to be much larger.
Howard Park Wines has signed up as a new sponsor for the West Australian Ballet’s upcoming season of Tchaikovsky and The Nutcracker, with the winery having deep roots in the art form.
Lower company tax rates and changes to power pricing are among possible moves that would support the state’s economic development, according to local academic Peter Hartley.
Gold prices have steadied as the US dollar eased off a three-week high, following an earlier drop in bullion to a one-year low as bullish comments from US Federal Reserve Chair Jerome Powell boosted the greenback.
Oil prices rose on Wednesday after US government data indicated bullish demand for gasoline and distillates, which overshadowed a surprise build in US crude inventories and US crude oil production hitting 11 million bpd for the first time.
The S&P 500 is hovering at five-month highs with gains in financial and industrial stocks due to strong earnings from marquee companies offsetting losses in the technology and energy sectors.
Global education services provider Navitas has announced it will close colleges in the United States and the United Kingdom, as well as exiting its Australian health care training business, in a restructure of its careers and industry division.
Australian shares rose on Wednesday after global miner BHP reported record iron ore output for 2017-18, which sent its shares up over 3 per cent in a boost to peers and overall sentiment.
NRW Holdings has joined the likes of Clough, Decmil and CPB in securing work at BHP Billiton’s $4.6 billion South Flank iron ore project in the Pilbara, after announcing a $176 million contract to complete earthworks at the site.
MOD Resources has moved to full ownership of its T3 copper project in Botswana, after acquiring UK-based Metal Tiger’s stake of the project in a scrip deal worth $26.6 million.
Trinity College has announced the recruitment of Darren O'Neill as its next principal, succeeding Ivan Banks, who announced his resignation in April and will step down after 12 years at the helm.
Listed investor Growthpoint Properties Australia has struck a deal to buy a Wellington Street office building, the latest deal off the back of a healthy sales pipeline for Perth’s commercial office market.
Shares in Carnarvon Petroleum were up 57 per cent today after the company revealed its joint venture partner Quadrant Energy had made an oil discovery described as staggering.
Northern Star Resources has reported above-guidance gold production for the year to June, with plans to expand output beyond 600,000 ounces in 2019, while Blackham Resources posted improved results for the half year to June.
BHP Billiton's iron ore production rose 3 per cent in the fourth quarter ended June 30 as productivity improved, cementing a record annual output as it set a bigger target for the current year.
Respected South African-born artist and gallery owner Catherine Christie is on the cusp of launching a new gallery in Perth since moving to Western Australia five years ago.
A bid to launch a battery focused cooperative research centre in Perth has so far received more than $26 million in commitments from supporters, and will build on existing research programs at institutions such as Murdoch University.
Demand for office space in West Perth has fluctuated widely with commodity prices and the mining sector’s fortunes but the suburb is now attracting interest from diverse industry sectors.
Gold has fallen more than one per cent and hit its lowest in a year as the US dollar strengthened during testimony by US Federal Reserve chairman Jerome Powell to the US Congress.
