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 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.
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.
Geopacific Resources has acquired a majority stake in Kula Gold after the takeover target’s largest shareholder accepted Geopacific’s recently increased offer.
Six months after shutting down specialist oil and gas advisory firm Miro Advisers, Tim Woodall has joined the board of Melbourne-based explorer and producer FAR as a non-executive director.
Treasurer Ben Wyatt has emerged disappointed from a meeting with federal counterpart Scott Morrison after failing to secure measures to prevent a shortfall of almost $2 billion in the state budget.
Shares in Navitas were lower this morning after the Perth-based education provider posted a 10.8 per cent slide in net profit for the 2017 financial year.
Watchdog probe into Synergy over pricesElectricity provider Synergy could be hit with fines totalling hundreds of thousands of dollars after the economic watchdog yeste
The Australian dollar has crept higher against its US counterpart, hitting 80 US cents, as the US dollar slides around, most other major currencies tread water but commodity currencies slip.
Oil prices have risen to two-month highs, ending the strongest month of the year for crude futures, boosted in part by expectations of US sanctions against Venezuela's oil sector and as supply concerns have waned in recent weeks.
Gold has hit its highest in almost seven weeks, boosted by a struggling dollar and US economic data that cast doubt on whether the Federal Reserve will raise rates again this year.
Security checking business Veritas has signed a deal to piggyback Australia Post’s bricks and mortar presence ahead of an anticipated surge in demand for identity checks driven by new federal security legislation.
The Australian share market has closed higher, led by mining and energy stocks, as investors took confidence from offshore markets ahead of the start of the local reporting season.
Prime Minister Malcolm Turnbull says he has taken on "the cause" of getting Western Australia a fairer deal on GST amid new claims the state will lose another $1.9 billion of the national carve-up.
Three local resources companies have announced successful raisings worth a total of $12 million today, with uranium hopeful Vimy Resources, gold focused Explaurum and gold explorer Catalyst Metals all raising capital.
Captain Cook Cruises has today announced it will extend its ferry services to Rottnest later this year, joining Rottnest Express and Rottnest Fast Ferries, which could create downward pressure on prices of trips to the island and boost jobs.
Finbar Group has sold the serviced apartments component of its latest project in West Perth, striking a deal worth $12.5 million with a funds management group headquartered in Singapore and Hong Kong.
SPECIAL REPORT: An increasingly competitive funding environment has prompted several arts and cultural organisations to sharpen their focus on audience development as a means to boost sustainable income streams.
