Fortescue Metals Group has signed a $US473 million ($A626 million) financing agreement with a unit of China Development Bank to fund the ongoing construction of eight very large ore carriers (VLOC).
The Australian share market has slipped in early trade as overnight declines in oil and metals prices weighed on investors' minds along with general uncertainty over the next US administration.
The Australian dollar has been bashed amid market concerns about the potential impact of US President-elect Donald Trump's policies on the Australian economy.
Oil prices have settled down more than two per cent after OPEC said October output reached another record, casting doubt on whether its plan to limit production is achievable or enough to ease persisting oversupply in the market.
Gold prices have tumbled three per cent to a five-month low, hit by a broad selloff in commodities as well as surging bond yields on speculation a splurge of US infrastructure spending could stoke inflation.
Alarm over Shorten’s Trump-liteBusiness has slammed Labor leader Bill Shorten for using 457 visa holders as a ‘‘proxy punching bag’’ in an effort to tap into community fea
In this Business News podcast, Mark Pownall and Dan Wilkie discuss Donald Trump from a WA perspective, Gold Road, PDC BIM, Laurance Wines, Fremantle developments and junior miners.
If a Donald Trump administration imposes tariffs on Chinese imports to the US, the hit to China would be limited but the move would spark a damaging trade war, a leading China-focused economist has warned.
Private companies Wilson Parking and Calibre Group have posted solid results for the 2016 financial year, with one returning to the black and the other nearly doubling its profit.
The share market has ended a tumultuous week with another gain, thanks to strength among financial, energy and resources companies amid optimism President-elect Donald Trump's infrastructure spending and tax cuts will stimulate the US economy.
Former federal trade and investment minister Andrew Robb has joined Perth-based aquaculture firm Seafarms Group as it progresses its $1.45 billion Sea Dragon prawn project in the Northern Territory.
Chinese private equity company Hony Capital has paid $159 million to increase its stake in Santos, eight months after selling a major shareholding in the Australian oil and gas player to another Chinese firm.
Fastbrick Robotics has topped Techboard’s startup and tech company ranking this fortnight, following its win at the 2016 WA Innovator of the Year awards.
The wealth management division of HLB Mann Judd’s Perth office has expanded with the acquisition of local financial advisory firm Sovereign Plus for an undisclosed sum.
The Australian share market has opened higher as positive sentiment around US President-elect Donald Trump's infrastructure agenda lifts commodity prices and equities.
Oil prices have slipped as markets recover from shock over US President-elect Donald Trump's surprise victory and focus on oversupply concerns, as well as whether OPEC will decide later in November to cut production.
Gold has fallen more than per cent after the US dollar rose to a three-and-a-half-month high against the yen, as markets weighed the election of Donald Trump as US president and how his policies could affect economic growth.
Markets hail Trump stimulusDonald Trump’s plan to emulate US president Ronald Reagan by slashing taxes, cutting regulation and running up debt to unleash infrastructure sp
The first contribution of the Roy Hill project has failed to balance the impact of falling iron prices on the accounts of Gina Rinehart's Hancock Prospecting which recorded a one third drop in net profit from operations to $443 million.
Wesfarmers chairman Michael Chaney has criticised US President-elect Donald Trump's threat to end the Trans-Pacific Partnership (TPP) free trade deal, saying restricting free trade causes economic stagnation.
Beerland Brewing is responding to a perceived shortage of craft beer in Perth’s northern suburbs, building a new venue to anchor a hospitality precinct at the redeveloped Westfield Whitford City.
Real Estate Institute of Western Australia members reported an increase in weekly sales to 672. The overall 9 per cent increase in sales over the week is attributed to an 18 per cent increase in sales for houses and 8 per cent increase in sales for units. However, sales for vacant land decreased over the week by 39 per cent.
The Australian share market turned around Wednesday's US election-induced retreat to stage a $50 billion rebound on Thursday as investors speculate that Donald Trump's presidency could boost the US and global economies.
Swick Mining Services shares closed 14 per cent higher on the ASX today after the company announced it had been named the preferred proponent for underground drilling work for Newmarket Gold.
Freedom and flexibility are in high demand for Western Australians when it comes to working from home, according to new research from telco giant Telstra.
Parents of children with severe disabilities are demanding answers from Western Australia's Disability Services Commission after funding for their care centre was cut.
A drain of talent from the creative arts pool could result if the government pushes ahead with proposed plans to decrease funding support for training.
