One Nation candidate Rodney Culleton and the Greens' Rachel Siewert have won the final two out of the 12 Western Australian Senate seats, joining five Liberals, four Labor and one other Green, the Australian Electoral Commission says.
The Australian share market has closed at its highest point in a year despite running out of steam in late trading, partly driven by expectations of an interest rate cut on Tuesday.
An increase in office vacancies in Perth’s CBD has shifted the market dynamic clearly in favour of tenants, but despite a historically high level of empty floors, there is little choice for companies that need a lot of space.
Water Corporation CEO Sue Murphy was Business News’s luncheon guest at the newly re-opened Julio’s restaurant, where a range of business and personal topics was on the menu.
Perth’s commercial property sector is reeling from the simultaneous downturn in iron ore and oil and gas, but the WA capital is not alone among global resources hubs.
Former Perth Wildcats owner Andrew Vlahov has ended his tenure as chief executive of thermal energy company Enerji after spending just over a year in the role.
Apartments developer Finbar Group has reached an agreement to buy LandCorp's last available plot of land in the Springs redevelopment precinct in a deal worth $6.4 million, but has not yet specified when it will proceed with the development.
Dominic Stevens has taken over as managing director and chief executive of the Australian Securities Exchange, following the resignation of Elmer Funke Kupper earlier this year.
Fairfax Media will record almost $1 billion of impairments when it reports its full-year results next week, with half the hit coming from the unit containing its Australian masthead newspapers.
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Northern Star Resources has cut its production guidance after agreeing to sell its Plutonic gold mine in Western Australia for an inital $37.5 million, but it plans to spend $130 million on exploration and expansion work at its other assets.
Oil prices have steadied after touching three-month lows during a week-long selloff fuelled by a persistent global supply glut, bringing the monthly decline to nearly 15 per cent, the biggest monthly loss in a year for US crude.
Gold has risen to its highest level in nearly three weeks after much slower-than-expected US economic growth weighed on the US dollar, and was on track for a second monthly gain in a row.
Construction of Western Australia’s new museum will commence early next year after the state government unveiled the winning design prepared by architects OMA and HASSELL, in tandem wi
Weak US pressures RBA to cutA faltering economic recovery in the US is set to place further pressure on the Reserve Bank to cut interest rates when it mee
Mortgage broking pioneer Greg Pennells has launched a new venture that will partner with Choice Aggregation Services, a company he sold for $163 million in 2007.
