The Australian dollar has retraced some of the ground it has lost against its major currency peers regaining almost a fifth of a cent against the US dollar.
Oil has fallen ahead of a possible increase in OPEC crude supply, and as an escalating trade dispute between the United States and China unleashed sharp selloffs in many global markets.
Gold has fallen to a near six-month low and platinum has hit its lowest since February 2016 as a stronger greenback is overwhelmed by safe-haven buying, spurred by fears of a trade war between the world's two top economies.
The Australian share market edged lower as the mining heavyweights were hit by falls in iron ore prices, while the Australian dollar hit a one-year low.
Queensland-based The Tourism Group is set to become the new operator of the Western Australian Visitor Centre in the Perth CBD after winning a state government contract.
Media buying agency Carat has retained its contract with the Western Australian government, sharing the roster with Initiative, which has also been contracted for non-campaign work.
ConocoPhillips has set up a design competition between two engineering groups led by Technip Oceania and MODEC for the key facilities at its Barossa gas project in the Timor Sea while WorleyParsons subsidiary Intecsea has been awarded a separate contract for subsea infrastructure.
Western Australians still have higher median incomes than those in other states despite recent softening, according to data released today, with Ashburton and Peppermint Grove the nation’s top local government areas by the measure.
The latest data from the Australian Bureau of Statistics shows Perth’s house prices are down on the last quarter, while the ANZ is forecasting further house price falls for the state in the next two years.
BMD Constructions has won its second major road contract in the past month after securing a $48.4 million contract to widen a section of the Kwinana Freeway.
JPMorgan Australia chairman Robert Priestley has quit the ASX and Future Fund boards as a criminal case progresses against ANZ bank over a capital raising underwritten by the investment bank.
Medical platform HealthEngine and an online analytics system designed to benefit agribusinesses were among the winners at last week’s Western Australian Information Technology and Telecommunications Alliance Incite awards.
Monadelphous' joint venture business, Zenviron, is part of a consortium that has been contracted to deliver a wind farm in regional Victoria, with Zenviron expected to perform $70 million of work on the project.
ASX-listed tech company Dreamscape Networks has made its fourth acquisition in the past 16 months, purchasing a domain registration business for $8.5 million.
Perth-based startup Rhinohide has spent the past three years growing its presence in Australia among 4X4 enthusiasts and is now preparing to expand into the US.
Oil prices have risen in volatile trade as market participants lower their expectations for how much OPEC might increase production and investors assess the impact of a trade dispute between the United States and China.
The price of gold has held close to five-and-a-half-month lows, with a strong US dollar offsetting the upward influence of an escalating trade dispute between the United States and China.
The Australian share market has recovered from early weakness to eke out a tiny gain despite fears of a US-China trade war and lower commodity prices weighing upon mining and energy stocks.
Rural newspapers in Western Australia are set to shed staff with Seven West Media announcing a fresh round of voluntary redundancies as it moves to centralise its regional business.
Empire Resources has had a win in the Supreme Court of Western Australia, after an injunction order sought by the company’s joint venture partner, Brimstone, relating to an overdue payment was dismissed today.
SPECIAL REPORT: The rollout of next generation energy infrastructure such as batteries and microgrids is kicking off in WA, adding to the opportunities available for contractors in this space.
SPECIAL REPORT: Perhaps surprisingly for a contracting business based in Bibra Lake, Sovereign Hydroseal has some high-profile international clients in its order book, with the world’s seventh busiest subway among them.
SPECIAL REPORT: The state government appears to be tacking away from using contracting in public services provision, but the work of Serco is an example of how private businesses can bring cutting-edge innovation into the space.
SPECIAL REPORT: Contractors are buoyant despite the twin challenges of uncertainty around infrastructure spending and an employment market tipped to tighten.
A Perth-based business that uses augmented reality technology to help customers visualise designs for factories, offices or other products is investing up to $6 million in research after winning a federal grant.
BMD Constructions has been awarded a $49.4 million state government contract to widen a section of the Mitchell Freeway, beating CPB Contractors and WBHO Infrastructure for the work.
