The state government has announced an additional $24 million in funding for grain industry research and development, taking the total figure to $45 million over the next four years.
After overhauling Tap Oil’s board earlier this year, major shareholder Risco Energy Investments has made a $29.8 million takeover offer for the Perth-based oil and gas company.
Local shipbuilder Austal has expanded its footprint in the US with the acquisition of technology company ElectraWatch in a cash deal worth $US6.7 million ($9 million).
A Perth-based medical solutions startup has partnered with St John of God Subiaco Hospital to run a pilot for its new virtual reality x-ray software, with improved pre-surgical planning among its benefits.
Ausdrill has announced plans to sell its telecommunications subsidiary to private group Powerlines Plus (now part of GenusPlus Group), while also agreeing to take a majority stake, along with other investors, in mining technology company HiSeis.
The Australian share market has opened slightly higher despite falls in base metal prices and a mixed session on Wall Street with a promise of a record full-year profit from Qantas supporting industrial stocks.
Labor MP Tim Hammond has announced his resignation from federal parliament due to the job's toll on his family, with Labor's state secretary Patrick Gorman tipped to be the party's candidate at the upcoming by-election in the seat of Perth.
Oil prices slid more than one per cent on Tuesday as the US dollar remained near a four-month high, but worries that US President Donald Trump will pull out of the Iran nuclear deal underpinned the market.
Gold slid to a four-month low on Tuesday as the dollar strengthened ahead of a US Federal Reserve policy meeting that is being watched for clues on the future pace of interest rate hikes.
A surge in support for the banks - despite a highly critical regulator's report on failings at the nation's biggest lender - has led the Australian share market to close above 6,000 points for the first time since February.
Peter Bilbe-led Adriatic Metals began trading on the ASX today, after the company raised $10 million via an initial public offering to fund exploration work at its Veovaca and Rupice projects in Europe.
Applecross-based Mineral Resources is looking to sell a 49 per cent stake in its Wodgina lithium project, as work to investigate the feasibility of a lithium hydroxide or carbonate processing plant at the site continues.
The Reserve Bank has left the cash rate unchanged at 1.5 per cent, with RBA governor Philip Lowe continuing to worry about weak household spending and sluggish wages growth.
Former Rio Tinto chief executive Tom Albanese is facing fresh allegations related to the mining giant's disclosures about its disastrous $US4 billion African coal investment.
Two Perth-based contractors have secured new work, with Decmil Group locking in a $NZ24.3 million ($22.7 million) contract for two schools in New Zealand, while NRW Holdings will undertake work for Rio Tinto in the Pilbara.
Having shown recent signs of improvement, Perth house prices were steady in April, while the national market continued its downward trend, according to the latest data from CoreLogic.
Iron ore miner Rio Tinto is following its big investment in driverless trucks and trains by announcing plans to nearly double its fleet of autonomous drilling rigs.
Two shopping centres in Perth’s north have been included in a $28 million solar power project being undertaken by ASX-listed Vicinity Centres, which is forecasting the creation of about 40 local jobs.
Commonwealth Bank will have to hold an extra $1 billion in minimum capital after the banking regulator said large profits had blinded the lender to threats such as the money-laundering scandal that ended the tenure of its CEO.
