Latest Headlines

McGowan says WA will clear path for gas pipeline from Browse

Oil prices have edged higher, with US crude touching its highest since December 2014, supported by OPEC-led production cuts and expectations that US crude inventories have dropped for an eighth week in a row.

Gold has edged lower, weighed down by a stronger US dollar on the back of concerns about political uncertainty in Europe, while a buoyant stock market also drained enthusiasm for bullion.

James Cullen has emerged as the major shareholder at new listing Babylon Pump & Power, which is led by Michael Shelby, formerly general manager at Mr Cullen’s former company Resource Equipment.

Fraser’s Kings Park is among the early takers for a new program aiming to bring loyalty back to Perth’s food scene.

Perth-based Eden Innovations’ concrete admixture has been approved by the Oregon Department of Transportation, with EdenCrete now permitted for use in 11 US states.

Approvals for the construction of new homes have jumped by 11.7 per cent in November, boosted by a spike in apartment and townhouse construction activity in Victoria, Western Australia and Tasmania.

Perth-founded online design company Canva has raised $US40 million ($50 million) from private investors as it continues to expand on a global scale.

The share market has closed slightly higher as gains by miners and energy companies offset weakness in the retail and healthcare sectors.

Perth-based Volt Resources has raised $4.7 million through a strongly supported exercise of listed options, with the proceeds to be used to develop the company’s Tanzanian graphite project.

A number of asset classes are facing the likelihood of a bust this year, with WA watchers’ eyes trained on the lithium sector.

Engineering and construction group Valmec has tapped investors for $5.1 million through a strongly supported share placement that will strengthen the company’s balance sheet.

The Australian share market has started the day on positive footing, buoyed by the major miners following the recent lift in the price of iron ore.

Forrest-backed clinic urges cancer research revolution

The Australian dollar has slipped a little against its US counterpart which has strengthened to a one-week high against a basket of six major currencies.

Oil prices are little changed, trading near their highest since May 2015, as political concerns in some OPEC nations offset projections for higher US oil production.

Gold has edged lower, retreating further from last week's 3-1/2-month high as the US dollar regained some ground against the buoyant euro and traders bet on further US interest rate hikes after Friday's payrolls data. The dollar, which has remained weak after its biggest annual drop since 2003, had helped to lift assets priced in the US currency, with gold last week registering a fourth straight weekly gain for the first time since April.

SPECIAL REPORT: Perth's fresh food box market is becoming big business, with global player Hello Fresh launching in WA late last year as more local suppliers plan their launch.

SPECIAL REPORT: With more than 500 food trucks in Perth, competition in the sector is heating up, despite a number of unique challenges and bureaucratic hurdles.

Former Rio Tinto executive Denise Goldsworthy and former Water Corporation chair Eva Skira have been appointed directors of Western Power, replacing Sharon Warburton and George Cash.

Australian shares have closed slightly higher despite the market giving up most of its early gains, lifted by support for big banks, telcos and healthcare stocks.

City of Perth Lord Mayor Lisa Scaffidi says she is focused on diversifying the city’s economy away from the mining industry as she returns to work after a four-month absence.

The operators behind UnWined Subiaco and Ice Cream Factory have tailored their approach to curate experiences different to traditional large-scale events.

St John of God Health Care’s long-serving chief executive Michael Stanford has resigned to pursue a non-executive career, starting with the board of ASX-listed competitor Healthscope.

Troubled sandalwood producer Quintis says its board intends to advise shareholders to vote against a series of resolutions to spill the board, while also announcing a one week extension on its forbearance agreement.

Mustang Resources has secured a $19.9 million funding package from US institutional investor Arena Investors LP through a multi-tranche convertible note facility, while also announcing plans to raise up to $4 million via an entitlement offer.

The state government has announced six more local businesses that will operate at the new $75 million Yagan Square development, set to be opened next month.

Australia have completed a 4-0 Ashes series win, with Pat Cummins' express pace easing his side to victory by an innings and 123 runs in the SCG finale.

The Australian share market has opened comfortably higher after key indexes around the globe made solid gains.

Power mess still needs to be fixed

The Australian dollar is comfortably higher against a US dollar that has strengthened despite slightly amid weaker-than-expected US jobs data.

Oil prices have dropped from highs last seen in 2015, as soaring US production undermined a 10 per cent rally from December lows that was driven by tightening supply and political tensions in OPEC member Iran.