Gold has closed slightly higher after earlier falling to a near two-week low, after its steepest loss since March in the prior session, as a firm US dollar and higher equities curb appetite for the precious metal.
Western Australia’s eighth biggest winemaker, 3 Oceans Wine Company, has laid-off non-essential staff as it reconsiders its strategic direction in the face of falling demand from its key market in China.
Preparations are being made for international fashion giant H&M to open its long-anticipated second store in Perth, while the Plaza Arcade is in line for a $6 million revamp to make room for another flagship global tenant.
Plans for another apartment tower of more than 50 storeys in the Perth CBD have emerged, with Singaporean developer Fragrance Group’s $200 million Milligan Street proposal to vie for the title of Perth’s tallest residential building.
Perth Lord Mayor Lisa Scaffidi could face proceedings in the State Administrative Tribunal after a report tabled in parliament alleged that she failed to declare travel and gifts up to 45 times over seven years.
A Leederville-based company that makes camera and lighting accessories for cyclists is seeking an ASX listing through the reverse takeover of Voyager Global Group.
More than 1,000 Western Australian companies went into external administration in the 12 months to March, an increase of nearly 36 per cent on the same period last year, according to the latest ASIC data.
Local explorer IMX Resources is back on track to spin-off its graphite portfolio into a new ASX-listed entity, after addressing concerns raised by the corporate watchdog.
Sensorium Theatre and Spare Parts Puppet Theatre are among the major Western Australian recipients in the latest round of project grants from the Australia Council for the Arts, which were worth $11.2 million in total.
GR Engineering Services’ oil and gas services business has won a second major contract in as many days, with Origin Energy signing the subsidiary on for a $50 million job.
A US-founded tech company specialising in counter-drone systems has launched its prospectus for a $5 million initial public offering, with plans to list on the ASX by next month.
Lower iron ore prices and a stronger US dollar hit dual-listed Rio Tinto and BHP Billiton in London and the pair continued to suffer locally on Tuesday.
Gold has fallen two per cent in its biggest one-day drop in nearly seven weeks as the strengthening US dollar and a sharper appetite for assets seen as higher risk sparked selling across commodities.
The Australian dollar has fallen on the back a decline in China's imports.At 0700 AEST on Tuesday, the currency was trading at 73.16 US cents, down from 73.63 cents on Monday.
University of Western Australia academics John Sykes and Allan Trench suggest that mineral exploration should remain a corporate imperative – but why find more mineral supply when markets are so weak?
A growing uptake of technology for farming practices is likely among the state’s agribusinesses in coming months, according to the latest Commonwealth Bank Agri Insights survey.
Local gold companies Azumah Resources and KIN Mining have released updates on their respective projects, with Azumah slashing the capital cost of its Wa gold project in Ghana by $US54 million ($A73 million).
Creditors of movie streaming service Quickflix changed administrators to Deloitte, just two weeks after the company voluntarily appointed partners from Ferrier Hodgson.
Pilbara-focused Flinders Mines has recommended its shareholders accept an improved takeover offer from private New Zealand company Todd Corporation that values the target at about $74 million.
Three independent delegates have been chosen to reassess the state government’s Roe 8 highway extension project, which was knocked back by the Supreme Court in December.
