Latest Headlines

Five years after unveiling its vision for high-rise apartments at Belmont Park Racecourse, Golden Group will host a groundbreaking ceremony at the site today.

Oil prices rose on Monday, bouncing off early losses after Israeli Prime Minister Benjamin Netanyahu said Israel had proof that "Iran lied" about its nuclear capabilities, and that he was sure US President Donald Trump would do "the right thing" in reviewing the country's nuclear deal with western powers.

Wall Street has fallen as healthcare stocks slid and investors worried about rising costs for companies as oil prices rose, although the major indexes eked out a gain in April to snap a two-month losing streak.

Gold prices fell to the lowest in nearly six weeks on Monday as the US dollar strengthened and easing tensions on the Korean peninsula helped boost appetite for higher risk assets such as stocks.

Wesfarmers faces exec shake-up

More than $12 billion of mining projects are in the pipeline for WA and likely to proceed, with major iron ore developments the biggest contributor.

Few projects are more meaningful for WA’s economic direction than the Greenbushes lithium mine expansion and the new lithium refinery in Kwinana.

Eight mineral sands projects are either under construction or consideration as the sector finally enjoys some pricing relief.

The Australian share market has closed at its highest level in six weeks, wrapping up April with a run of gains that has added 230 points to the benchmark index since March.

Shares in Gage Roads Brewing Company have jumped today after the company posted impressive quarterly results, driven by strong sales at Optus Stadium.

Wesfarmers has announced two leadership changes today, with Officeworks chief executive Mark Ward set to step down at the end of the year, while former New Zealand prime minister Bill English has been appointed to the board of the Perth-based conglomerate.

Gold miner Northern Star Resources has posted a steady quarterly result, with the company confident it will hit its 2018 output target of 600,000 ounces per annum.

An independent events company responsible for organising one of Fringe World Festival's major venues has allegedly failed to pay about $200,000 owed to performers as it prepares for voluntary administration.

MCS Services has been awarded a security services contract for seven major shopping centres across Western Australia, while also securing contracts at two smaller centres in Perth, with a total value of about $3 million.

New Century Resources has raised $40 million to complete the restart of its zinc mine in Queensland, while Vimy Resources and Geopacific Resources have tapped investors for $6 million and $10 million respectively.

Emeco Holdings has made its fifth big acquisition in the past three years, acquiring Queensland-based Matilda Equipment for $80 million while also announcing a $90 million capital raising to fund the purchase.

The Australian share market has opened higher buoyed by broad-based gains and despite muted offshore leads.

AMP chair Catherine Brenner has quit with immediate effect as the fallout widens from the fees-for-no-service scandal at the Financial Services Royal Commission.

Oil prices edged lower on Friday, although Brent still gained for a third straight week amid supply concerns should the United States reimpose sanctions on Iran.

Gold edged higher on Friday after the US dollar and US Treasury yields backed off highs, but the prospect of a Korean denuclearisation deal eroded bullion's safe-haven appeal.

The Australian dollar is slightly higher after US stocks had a flat finish to trade on Friday, and European share markets gained ground.

The Australian dollar is slightly higher after US stocks had a flat finish to trade on Friday, and European share markets gained ground.

Budget can afford $8b in tax cuts

The Australian share market has closed comfortably higher, following a lift in global sentiment as major financial stocks recovered from early losses to join all other sectors in positive territory.

Cultural organisation FORM will launch its inaugural Scribblers Festival on May 9 to boost the profile of literature and arts for children.

Opinion: Businesses not fully engaged with the shift to social media are doing themselves and their customers a disservice.

Marine technology company VEEM has signed a contract with Netherlands-based Damen Shipyards to supply its newest stabilisation system, subject to successful sea trials.

West Perth-based Sandfire Resources has upgraded its mineral resource at the Degrussa copper mine, located 900 kilometres north-east of Perth, following a recent drilling program.

An ambitious water supply project in Western Australia's South West is set to proceed after gaining federal government backing, with Collie Water chairman Peter Fogarty saying he was well advanced in securing private investors to complete funding.

Two giant waste-to-energy projects planned for Kwinana and Rockingham could gain extra financial backing after the federal government unveiled a raft of policy initiatives to address problems flowing from China’s new restrictions on accepting foreign waste.

Marriott International has opened Perth’s first Westin Hotel at an official ceremony this morning, anchoring a new dining and leisure precinct set to revamp the area.

Aspiring gold miner KIN Mining has appointed former Syndicated Metals managing director Andrew Munckton as its new chief executive, after former leader Don Harper quit in February.