US stocks have fallen after weak economic data in China and Europe reignited worries about global growth, while oil prices dropped for a second day, dragging down energy shares.
Tax reductions earned plaudits from the business community, with the budget's cuts in both tax company and income tax burdens likely to inspire confidence, particularly in Western Australia.
Despite the tax cuts in last night’s budget, the federal government is still relying on increasing revenue in the five years ahead to return to balance, which is still anticipated for 2020-21.
The federal budget has vastly boosted the government's firepower against multinational tax avoidance as it looks to ramp up revenues to fund tax cut promises.
The federal government has moved to end 'gaming' of wine industry assistance with cuts to rebates and tightening of eligibility for the Wine Equalisation Tax (WET) rebate.
Western Australia's Liberal Premier Colin Barnett has welcomed the budget's tax reductions for small to medium sized businesses as a highlight that was particularly important for the state.
An increase of the small business tax threshold to $10 million and a reduction of the company tax rate to 27.5 per cent from July 1 is the first step in a plan to hit a rate of 25 per cent in a decade, Treasurer Scott Morrison said in his first budget.
The Australian share market has jumped nearly 2 per cent to a new high for 2016, boosted by investors looking for bargains among the big banks, and a cut to interest rates.
The long-standing head of major private school Aquinas College, Mark Sawle, is taking something of sea change to become principal of a regional independent school.
Justin Miller's Nuheara has ranked first in this fortnight's Techboard ranking, with Storekat and Curtin University startup ePAT ranked second and third respectively.
Woolworths' hefty investment in lowering grocery prices has failed to show any sign business is turning around, with the retailer's food and liquor sales declining 0.9 per cent in the third quarter after adjusting for Easter.
Perth Airport has partnered with national property manager Vicinity Centres to develop a $145 million 110-store direct factory outlet near the airport.
Gold has risen to a fresh 15-month peak above $US1,300 an ounce in holiday-thinned trade as an early retreat in the US dollar drove prices higher, though it later eased as the US currency pared losses.
US stocks have risen, rebounding from losses last week, as financials gained with Berkshire Hathaway and weakness in the US dollar eased worries about earnings for multinationals.
SPECIAL REPORT: The people who lead Western Australia’s universities agree the sector faces enormous change, with emerging technology and potential new entrants among the biggest challenges.
SPECIAL REPORT: The opening last month of a WA-backed college in China, and the visit this week by a high-powered WA delegation to Indonesia, highlight the state’s renewed focus on the multi-billion dollar international education market.
The Federal Court has ordered the former managing director of a Western Australian-controlled egg producer to pay a $120,000 penalty for attempting to induce a cartel arrangement between competing producers.
