Bankwest has recorded a $339 million net profit for the first half of the financial year, fuelled by solid income growth and flat expenses, along with lower loan impairments compared to 2016.
The Australian dollar has crept a little higher against its US counterpart the day after global equity markets plunged amid widespread sell-offs that wiped out $US4 trillion in value - $66 billion of it off Australian shares.
Oil has fallen for a third day as the US dollar rose to its highest in more than a week in the wake of a sharp sell-off on Wall Street and other stock markets, a global rout that wiped out $US4 trillion ($A5.1 trillion) in value.
Gold prices have fallen one per cent to a 2-1/2-week low, as investors focused on expectations for higher US interest rates, even as US stock markets swung wildly in both directions a day after the Dow and SP 500 indexes tumbled.
Singapore-based developer Dradgin Pte disclosed today it had offered financial assistance to Cooper & Oxley Builders, which has suspended work on all its construction sites this week.
The Australian share market has suffered its biggest one-day fall in more than two years, wiping around 3.3 per cent from its value, after Monday night's plunge on Wall Street.
The state’s automotive industry got off to a positive start in 2018 with a rise in new vehicle sales for January, compared to last year, on the back of increased SUV and light commercial vehicle sales.
Western Australian small businesses are unhappy with the current state of the economy but are the most optimistic in the nation about its future, a survey has found.
Marine services business Bhagwan Marine has opened its new head office on St Georges Terrace, after the company announced plans to shift from Geraldton in June last year.
A new state government advisory body to improve analysis and transparency of major projects, Infrastructure WA, will begin work next year, according to Premier Mark McGowan, who launched a draft plan for its establishment today.
The plunge in US stocks has infected Australian shares, with the local bourse opening sharply lower in a "bloodbath" after the Dow industrials hit its biggest one-day decline in history.
US stocks' losses have accelerated in afternoon trading, pushing the S&P 500 down more than 5 per cent from its January 26 record high and the Dow below 25,000 for the first time since January 4.
The Australian dollar has continued to gently slide against a stronger US counterpart despite the latter pausing from its US jobs data and wages growth inspired lift.
Gold prices have steadied as a slide in stock markets helped the precious metal claw back some lost ground after logging its biggest one-day loss in two months in the previous session.
Oil prices have traded lower as rising US output, a weaker physical market and recent US dollar strength add to the pressure from a widespread decline across equities and commodities markets.
SPECIAL REPORT: An improved outlook among the state’s resources players is contributing to renewed positivity in the trucking sector, with investment in technology upgrades a focus for some logistics businesses.
SPECIAL REPORT: A new road usage charge to be levied on certain heavy vehicles by the City of Kwinana has drawn the ire of Western Roads Federation chief executive Cam Dumesny, who says it is another example of a local government imposing additional costs and red tape on the trucking industry.
SPECIAL REPORT: A move to secure federal cash for road upgrades ahead of a new outer harbour port development is one possible funding fix for a state government battling budget issues.
A plan to expand the Onslow Marine Support Base has been given the tick of approval by the Environmental Protection Authority, three months after stage one of the project was completed.
Cooper & Oxley Builders, which is one of the 10 largest construction companies in Perth, has suspended work on its projects while it reviews its financial viability.
Four contractors have been invited to submit proposals for the design and build of the $50 million Wanneroo Road and Joondalup Drive interchange, which is set to begin construction mid-year.
Arrow Minerals (formerly Segue Resources) has received $5.2 million through a joint venture agreement and equity investment from nickel and gold producer Independence Group, along with a capital raising to fund its gold and lithium projects in Western Australia.
