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Premier Colin Barnett has called on the federal government to pick a figure for the proposed GST floor, saying he would agree to 70 cents in the dollar as the prime minister has indicated.

ANALYSIS: Malcolm Turnbull was simply bowing to political reality when fending off questions about Western Australia’s miserable share of GST revenue during his whirlwind visit to Perth on Monday.

Gold miner Beadell Resources has rattled the tin for $51 million to pay for plant upgrades and further exploration work at its Tucano mine in Brazil.

Kerry Stokes' Seven Group Holdings has slipped to a half-year loss of $41.8 million due to $145 million of write-downs almost entirely related to the value of its stake in Seven West Media.

Outgoing Wesfarmers boss Richard Goyder has been revealed as successor to Michael Chaney as chairman of energy giant Woodside Petroleum, a week after we was named the next chairman of the AFL.

Engineering firm Monadelphous Group is looking to diversify into new markets such as infrastructure and renewables as revenue from mining and energy customers continues to decline.

The Australian share market has drifted lower in early trade as investors wait on the release of the Reserve Bank's February board meeting minutes.

‘Energy catastrophe’ loomsThe chief executive of Australia’s largest steel maker BlueScope Steel, Paul O’Malley, said energy costs in

BHP Billiton has extended its partnership with indigenous organisation Kanyirninpa Jukurrpa, following the announcement of a $14.7 million contribution to the Martu Ranger program over the next five years.

Woodside Petroleum has officially launched its latest marine craft, taking the opportunity to showcase the newly built platform supply vessel Siem Thiima in Fremantle due to its capacity to use LNG as a fuel.

The Australian dollar is up slightly against its US counterpart which has followed bond yields lower amid continued political uncertainty.

Oil prices has inched higher, as investor optimism over the effectiveness of producer cuts encouraged record bets on a sustained rally, although growing US output and stubbornly high stockpiles kept price gains in check.

Gold has firmed as the US dollar has softened, although trading was thin due to the US holiday and as markets awaited details on President Donald Trump's tax policy.

The local arts sector has struggled to capture attention for a move it thinks is key to the sustainability and future development of the industry, with no political parties committing to the Chamber of Arts and Culture’s proposed pledge of $100 million of increased funding over the next four years.  

Property industry lobby groups say WA Labor’s plan to introduce a 4 per cent tax on foreign buyers of residential property if it wins the March 11 state election is a retrograde step for the state’

Hancock Prospecting is poised to become Western Australia's biggest private company after a investment and acquisition spree in iron ore and agribusiness which is expected some time this year to push its revenue past that of the incumbent number one for the past 12 years, home builder BGC. A 2018 reranking appears certain following research for the Business News Private Companies list published today in a special report.

Australian shares finished lower on Monday, hurt by disappointing earnings results from logistics giant Brambles and engineering group Worley Parsons.

Cape Lambert Resources Limited has sold its royalty on the Mayoko iron ore project for $1 million cash subject to the formality of the new owners signing off on the transaction.

OPINION: Everyone exposed to the Australian retail industry knows how tough conditions are, but what they might not fully understand is the extent to which a once-local industry is being blasted out of business by international competition.

Rare earths explorer Arafura Resources has announced a $5.1 million capital raising to fund ongoing work at its Nolans project in the Northern Territory.

Shares in local explorer Ausquest have surged on news the company has struck an agreement with BHP Billiton spin-off South32, with the two companies to form a joint venture over prospective projects.

Beach Energy has swung to a first-half net profit on the back of record sales volumes and higher oil prices.

Perth-based manufacturer Matrix Composites & Engineering says it will be paid the full $US10.9 million ($A14.2 million) owed under a previously cancelled contract with an unnamed shipyard customer, but work under a second contract will not proceed.

Engineering and project management firm WorleyParsons says the slump in activity among its customers, which caused revenue to plunge by 35 per cent and pushed the company to a first-half loss, may have bottomed out.

ANALYSIS: Both Colin Barnett and Mark McGowan wisely avoided making big spending commitments when they launched their formal election campaigns on Sunday.

Indigenous Construction Resource Group has diversified its business by purchasing consulting group NANA Australia, the local offshoot of a giant Alaskan native corporation.

A joint venture between Monadelphous Group and Jacobs Engineering has struck an agreement to provide services to Oil Search’s operations in Papua New Guinea, in a deal worth up to $US250 million.

Prime Minister Malcolm Turnbull's promise to put a floor on what the states receive as a share of the revenue they raise from GST still stands, although it is still a few years away before it can be implemented.

The Australian share market has opened slightly lower as Wesfarmers goes ex-dividend and logistics firm Brambles unveils a weaker-than-expected half-year profit.

Stamp duty battle in WA electionWA Liberal Premier Colin Barnett has promised to slash stamp duty for older property owners looking to downsize, while

The Australian dollar is lower against its US counterpart, slipping back below the 77 US cent mark.

Oil prices have ended steady on the day but lower on the week, with US crude notching its first weekly decline in five weeks, as the market weighed rising US drilling and record stockpiles against efforts by major producers to cut output to reduce a global glut.