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Oil prices have edged higher, as surging US fuel demand and strong refinery runs offset data from the Energy Department that showed crude inventories did not fall as much as expected last week.

Gold has risen, nearing seven-week highs, as the US dollar fell to a 15-month low and US data showed fewer-than-expected new jobs in July, bringing into question chances of the Federal Reserve raising interest rates in the coming months.

Satterley Property Group has welcomed advice from the Environmental Protection Authority that confirmed there were no health risks over its landholdings in Mandogalup, but uncertainty still hangs over whether part of the southern suburb is appropriate for residential development.

The Australian share market has closed lower after mining and energy companies slid due to a plateau in commodity prices and the major banks lost ground.

Singaporean-owned property management company CEL Australia has confirmed its first move into Australia’s hotel market, announcing the purchase of The Sebel Mandurah for $15 million.

Bunnings’ property arm, ASX-listed BWP Trust, will deliver a higher distribution payout to its stakeholders after achieving a solid full-year result.

A scholarship fund established in honour of late Western Australian corporate leader Geoff Rasmussen has named its inaugural prize recipient, a chemistry and psychology student at the University of Western Australia.

Rio Tinto has almost doubled its half-year net profit to $US3.3 billion due to higher iron ore and coal prices.

Change is sweeping through front bars and suburban watering holes across the city, with publicans of some of the city’s most recognisable pubs spending up big in efforts to stay relevant in Perth’s rapidly diversifying hospitality sector.

Saracen Mineral Holdings has flagged a $71 million investment in its Thunderbox operation near Leinster to develop an underground mine, after achieving record total ore reserves.

Precast concrete business WestStar Industrial has acquired a recently formed Perth concreting business in an all-scrip deal worth about $2.2 million.

OPINION: The recent AFL scandal has cast some shade on the administrators of the league, but also brought details to light about careers in sport.

The value of a strong team in a crisis was highlighted by mining chief David Flanagan during his recent discussion with Business News.

Local tech company Family Zone Cyber Safety has raised $5.2 million from investors to fund growth opportunities in new markets and bolster its balance sheet.

A Perth-based investment group has lined up about $17 million to farm-in on Azumah Resources’ Wa gold project in Ghana.

Insurance giant QBE will pay up to $15.9 million in refunds to customers who paid for ‘add-on’ car insurance that provided little or no benefit.

The Australian share market has opened almost flat, weighed down by losses in the mining sector.

GST fix won’t hurt other states, says CormannThe Turnbull government is insisting on a ‘‘no losers’’ solution to salve Western Australia’s grievance over the GST by not

The Australian dollar has fallen slightly against its US counterpart after soaring above 80 US cents only minutes after the Reserve Bank of Australia left the official cash rate unchanged at 1.5 per cent.

Oil dropped about two per cent from a two-month high as major world oil producers kept pumping out supply, causing investors to worry that several weeks of steady gains had pushed the rally too far, too fast.

Gold prices rose to a seven-week high, after US economic data showed lukewarm inflation and nearly flat consumer spending, raising the question of whether the Federal Reserve will raise interest rates in the coming months.

ASX-listed Carnegie Clean Energy is evaluating three sites for the initial deployment of its CETO 6 wave power technology, including Albany and Cornwall, after it was confirmed today its Garden Island microgrid project will initially not include wave power.

Fortescue Metals Group claimed today that a new power station built by Canadian company TransAlta Corporation at South Hedland had failed to achieve commercial production, while the miner also announced it would buy back a second power station it sold to TransAlta in 2012.

The share market has gained ground as better than expected Chinese factory data and stronger commodity prices fuelled a rally in mining and energy stocks.

Telstra says its 4G coverage is now within reach of 99 per cent of the national population, following the recent completion of a mobile site in regional Western Australia and other upgrades around the country.

The chief executive of the Cairns Chamber of Commerce has been appointed to succeed Alan Brien as chief executive of Scitech.

The owners of The Richardson Hotel & Spa in West Perth are evaluating their options to convert the building into a nursing home, in the wake of reduced demand for hotel rooms in Perth.

Developing along Perth’s coastline has traditionally been one of the biggest challenges in WA property, but a new wave of projects promises to change the status quo.

Historic Fremantle is in line for a distinctly modern look, as more progress is made on a development surge worth more than $1 billion.

Junior miner Millennium Minerals could spend up to $46 million upgrading the processing infrastructure at its Nullagine gold operation to achieve a higher quality of output.

Homeowners in Perth will have to wait another month to see if a predicted recovery in the residential property sector gains traction, following a 1.3 per cent fall in median prices in July.

Onshore oil company Buru Energy has tapped investors for $10.2 million to fund ongoing development of its Ungani operation in the Canning Basin.