Oil prices have fallen on worries that global supply is climbing after US inventories rose unexpectedly and Saudi Arabia and other big producers signaled that they may increase output.
Gold prices have stayed steady, see-sawing in a narrow range as a weaker US dollar and trade tensions provide support but investor anticipation of a US rate hike next week weighs on prices.
Higher prices for iron ore and oil and stronger-than-expected economic growth figures have helped boost the Australian share market and Australian dollar.
Millennium Minerals has secured a $17.5 million loan facility with Investec to fund an expansion of the company’s Nullagine gold project in the Pilbara.
Avita Medical has tapped investors for $16 million as the company prepares to launch its spray-on burns treatment, which was co-developed by medical entrepreneur Fiona Wood.
Several major agricultural irrigation projects are moving forward in the state’s north, with Pardoo Beef Corporation and Argyle Cattle Company among the proponents.
A joint venture established by global waste management company Veolia and indigenous partner Our Country has been awarded a multi-million dollar contract covering Rio Tinto’s entire Pilbara iron ore operations.
A second Supreme Court judgement in as many months has shed further light on the multi-billion dollar AVWest Aircraft business run by Perth rich lister Tim Roberts, who is in dispute with law firm Clayton Utz and Canadian manufacturer Bombardier.
Western Australia has recorded its first year-on-year economic growth in more than four years, while the national economy expanded 1 per cent in the March quarter, official figures show.
Metcash will take a $352 million hit in its full-year results due to weakness in the Western Australian economy and the decision of one of its South Australian supermarket customers not to renew its contract.
Brent crude have reversed losses, after hitting its lowest price in nearly a month following a report the US government asked Saudi Arabia and other major exporters to increase oil output.
Gold prices have risen as the US dollar has retreated slightly from close to a six-month high even as strong US economic data sealed the case for the US Federal Reserve to increase interest rates.
Global Construction Services has moved to full ownership of its fast-growing east coast subsidiary, Gallery Facades, through a scrip deal worth up to $11.3 million.
New vehicle sales in Western Australia have risen for a fifth straight month, according to the latest data from the Federal Chamber of Automotive Industries, with growth driven by SUVs and light commercial vehicles.
Australis Oil & Gas has secured a $US75 million ($98 million) credit facility with Macquarie Bank to fund drilling within the Tuscaloosa Marine Shale in the US.
The Reserve Bank has left the cash rate unchanged at 1.5 per cent for a 22nd consecutive month, as it waits for job growth and an improving economy to deliver a boost to wages and inflation.
Former Pilbara-focused property developer Veronica Macpherson has been permanently banned from providing financial services following an investigation by the corporate watchdog.
SPECIAL REPORT: One of WA’s oldest craft breweries, John Stallwood’s Nail Brewing recently tasted success on the international stage, winning a prestigious award in the US.
SPECIAL REPORT: Brewers are releasing increasingly innovative products as they aim to stay ahead of the game in a marketplace where competition is intensifying.
