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The Australian dollar has strengthened further against its US counterpart, helped by increased commodity prices.

Oil prices have settled more than one per cent lower as investors reeled from a record weekly surge in US crude inventories, and remained sceptical about whether OPEC can actually implement its planned output cap.

Gold has edged higher in response to a lower US dollar and also uncertainty about the outcome of a tight US presidential race.

ANZ shrinks to reduce rising risksANZ Banking Group has shed 3600 jobs and chief executive Shayne Elliott is pulling back on mortgage lending fearing any

Water Corporation chief executive Sue Murphy and technology entrepreneur Anthony Grist have been appointed to the board of the Fremantle Football Club.

East Perth may miss out on an expected economic boost from the opening of Perth Stadium.

Australian spearhead Mitchell Starc sizzled, while the Marsh brothers snaffled spectacular catches, as South Africa reached 7-176 at tea on day one of the first Test at the WACA.

The possibility of Donald Trump winning the US presidency continues to unnerve investors but bargain-hunters pushed the Australian market to a flat close after a poor start on Thursday.

Belmont-based security company Threat Protect Australia has locked in a $10.5 million funding package with a Melbourne-based wealth management business, to continue its growth plans.

Reiwa members reported an increase in weekly sales to 614 this week. The overall 2 per cent increase in sales over the week is attributed to a 23 per cent increase in sales for units and 26 per cent increase in sales for land.

Medical not-for-profit company Linear Clinical Research was among a diverse group of businesses to win plaudits at the recent WA Industry and Export Awards.

The joint venture that has today started construction of the state government’s $1.96 billion Forrestfield-Airport Rail Link project has also submitted a proposal for the third stage of the NorthLink WA road project.

MMJ Phytotech has accepted a competing bid for the spin-out of its medical cannabis-focused Canadian subsidiaries onto the TSX Venture Exchange, with the new deal worth $C42 million ($A41 million).

Celebrity chef Jamie Oliver says he's excited to take on the Australian chain of restaurants that bear his name after the collapse of their previous owner.

The state election next year looks set to be a close one, with two polls this week showing conflicting shifts in popularity among the major parties.

Perth-based miner South32 has entered into an agreement to buy the Metropolitan Colliery and a 16.7 per cent stake in the Port Kembla coal terminal in NSW from Peabody Energy Corporation for $US200 million ($A261 million) in cash.

ANZ Banking Group's full-year cash profit dropped 18 per cent to $5.89 billion following a big hit from restructuring charges, and the bank is looking at further streamlining its business.

The Australian share market has opened lower following negative leads from European and US markets overnight and a further drop in oil prices.

The Australian dollar on the back of higher commodity prices as a risk-averse mood about the US presidential election weighs on greenback.

Oil prices have tumbled three per cent after a record weekly build in US crude inventories stoked investor worries about a global supply glut, days after analysts estimated higher monthly OPEC crude output.

Gold has rallied to a one-month high, as uncertainty over the outcome of the US election knocks stocks and the US dollar lower, but bullion pared gains slightly after the Federal Reserve held interest rates steady as expected.

A co-funding program with angel investors and a commercialisation fund for Western Australia’s universities are the ‘big ticket’ items in the state government’s $20 million innovation strategy, released last night.

The lack of diversity in tech startups is an impediment to the sector’s ongoing growth.

Trade, China to dominate Widodo visitTrade, terrorism and China’s territorial ambitions in the South China Sea will be front and centre during a two-day visit to Australia

New research from Edith Cowan University has found that Western Australia’s contemporary music scene is worth nearly $1 billion to the state’s economy. 

The youngest son of the late John Roberts, who founded construction company Multiplex, has joined the board of Mineral Resources, filling the seat left vacant when long-serving director Joe Ricciardo retired in April.

The state government will be working to avoid potential skills shortages as the federal government’s naval shipbuild program ramps up in the west, according to deputy premier Liza Harvey, as businesses hopeful of winning contracts for the build attended a defence industry procurement roadshow today.

Concerns about the impacts of a win by Republican candidate Donald Trump in the upcoming US election have unnerved investors and pushed Australian shares to a six-week low.

The Chinese steel industry may be facing years of consolidation, according to Deloitte China chief economist Sitao Xu, but the nation’s economy is more resilient than many pundits would have us believe.

Local builders Cockram Construction, Universial Constructions, Perkins Builders and Crothers Construction have shared in $37.3 million worth of state government contracts.

The proposal from Nationals WA leader Brendon Grylls to increase the royalties paid by Rio Tinto and BHP Billiton is not as ‘out there’ as it sounds. I say this not as a socialist, but as a capitalist who, as a resident of Western Australia, is an indirect part owner of the state’s iron ore reserves.

Emeco Holdings has sought to reassure investors that its planned three-way tie-up with Orionstone and Andy’s Earthmovers is progressing smoothly, despite news that one of the parties involved has received a takeover bid of its own.