Latest Headlines

Fortescue Metals Group and Brazilian competitor Vale are looking to reshape the iron ore market, announcing this morning plans for Vale to invest in FMG's mining operations and for the two companies to form a joint venture to sell blended ore into China.

Gold rose on Monday, hovering just below last week's 13-month high as the US dollar turned lower, while a fall in average US earnings lessened expectations the Federal Reserve could raise interest rates at its next policy meeting.

The Australian dollar has surged to an eight-month high on the back of a "spectacular" jump in iron ore prices.

The Dow Jones industrial average and the S&P 500 index closed higher on Monday as a spike in energy shares offset sharp declines in large-cap technology names, which dragged down the Nasdaq.

Coming up in this podcast: Perth homes prices, tourism, mining approvals, and markets round-up.

Offshore oil and gas services firm Aecor Group has expanded through the acquisition of industrial rope access and inspection company Vertical Services.

New car sales have again fallen in Western Australia, down 2.2 per cent in the first two months of the year compared to 2015, with Holden and Hyundai the worst hit.

That Swedish businessman Hakan Svensson has chosen Fremantle for the next phase of his global sailing ambitions is not that surprising.

Former Skilled Group executive David Timmel has been appointed to the top job at Perth Markets, the newly formed company that has acquired the Perth Market Authority’s Market City.

A lobby group set up to defend a major component of Western Australia’s oversupplied electricity market has stepped up its political stunts today presenting a large likeness of a gold watch as a symbol that it's time to retire Muja AB power station.

As five women and one male champion were honoured at this year’s Chamber of Minerals and Energy’s women in resources awards, Premier Colin Barnett declared the resources industry to have reached a mature level of growth that will likely be eclipsed by advances in the state’s other sectors.

The Australian share market has finished the session marginally higher, but has gained more than 4 per cent over the week, led by the big banks and miners.

Three local junior miners plan to raise a combined $11.6 million to fund their respective operations.

Western Australian retail spending rose 0.2 per cent month on month in January, to $2.8 billion, slightly below the national average of 0.3 per cent.

Perth-based financial services provider Pioneer Credit has acquired an online mortgage broking company for an undisclosed sum.

After achieving a record peak in September 2014, total dwelling approvals in WA have trended down for the past 18 months based on the latest data from the ABS for January 2016.

Perth-based technology company DTI Group has won a contract to provide its surveillance systems to an Irish rail car operator for an undisclosed sum.

BC Iron is cutting more workers and contractors at its Nullagine project after its joint venture partner Fortescue Metals Group decided to not buy low-grade iron ore stockpiled at the mine.

A subsidiary of engineering and construction contractor Decmil Group has won a contract for upgrades to NBN Company’s fixed wireless network capacity.

BHP Billiton says it remains committed to maintaining its strong balance sheet through the commodities downturn, after ratings agency Moody's downgraded its rating for the global miner.

The Australian share market has opened firmer for a fourth straight session, despite some caution from investors.

Cofco eyes move on WA’s CBH

Wall Street has moved higher, adding momentum to a recent recovery as the energy and financial sectors break into positive territory for 2016. 

Gold has risen back towards $1,260 an ounce, coming within a hair of a 13-month high as the US dollar heads toward its biggest one-day tumble in a month after US data fuelled worries over Friday's US payrolls data.

The Australian dollar is refusing to roll over, soaring to a three-month high on the back of disappointing US economic figures.

Local communications and lobbying firm Cannings Purple has boosted its team by signing up former Environmental Protection Authority chairman Paul Vogel and former state Liberal leader Matt Birney.

Fast-growing digital media company Migme has raised $7 million through a share placement to a Chinese app developer, taking its total capital raisings since listing two years ago to $36 million.

It appears Water Corporation employees know the value of precious liquid more than most, with the government-owned entity recording the most blood donations of any Western Australian organisation for a fifth year in a row.

Perth-based Transaction Solutions International looks set to increase its network in India after a company it holds a stake in reached an agreement today.

Lucapa Diamond Company has netted another $9.6 million from the sale of 1,349 carats worth of diamonds recovered from its Lulo mine in Angola.

The Australian share market has finished its third straight session of strong gains, led higher by the nation's big resources companies and banks.

Local contractor Metrowest Constructions has been selected to build Perth’s first indoor skydiving facility.