The state government has signalled its intentions to proactively support Western Australian companies interested in growing energy commodity exports to Europe and participating in European Union activities.
The Australian share market has closed nearly 1 per cent higher, boosted by bargain hunters, stronger regional markets, a lift in the iron ore price and some encouraging corporate earnings reports.
Perth-based contractor NRW Holdings has enjoyed another active day on the ASX, closing nearly 50 per cent higher after nearly tripling in value on Friday.
CIMIC Group has confirmed a formal contract dispute has been issued to Chevron over work at the Gorgon LNG project, with the construction and contract mining firm claiming it is owed about $2.36 billion.
SPECIAL REPORT: How does a tech startup in Northbridge backed by a mining consultancy in West Perth manage to secure work on the world’s largest privately funded infrastructure project, in Nicaragua? Business News profiles how CSA Global, Lycopodium, OTOC and PwC have chased diversification strategies.
MMA Offshore has reported a dramatic slide in half-year profit as the marine services company faces challenging conditions in the offshore oil and gas industry.
Gold has eased as investors cashed in some of the previous day's two per cent gains, though expectations that rock-bottom interest rates would persist served to keep prices above $US1,225 an ounce.
This week we discuss markets improving, iron ore and FMG, who has won the airport rail line project, 24-hour supermarkets, Rotto, Gary Gray, CBH Group and professional services.
Creditors of failed investment bank Lehman Brothers (Australia), including about 10 local councils in Western Australia, are likely to get a return of about 80 cents in the dollar after reaching a settlement with the owner of ratings agency Standard & Poor’s.
Local gold miners continue to prove there is still money to be made in Western Australia’s resources playground, with Northern Star Resources, Metals X, Ramelius Resources and Saracen Mineral Holdings all closing higher on the ASX.
The future of a not-for-profit drug and alcohol rehabilitation centre considered among the strictest in Australia is in doubt due to a planning dispute.
The impact on economic development and power prices from a sale of the state’s electricity network could be managed by a strong regulatory framework, Premier Colin Barnett said today, as he continued to reassess his view on the ownership of Western Power.
Premier Colin Barnett has ruled out any further state tax increases in the upcoming budget, and has said the government might look at reviewing land tax aggregation, at this morning’s Business News Success & Leadership breakfast.
NRW Holdings emerged from a trading halt this morning with its share price nearly tripling in value on the back of news yesterday that its joint venture with Salini Impregilo had been named the preferred contractor for the $2 billion Forrestfield-Airport Rail link.
Profit has soared at Australia's biggest private health insurer Medibank Private, thanks to premium rises and a crackdown on improper health insurance claims.
Automotive Holdings Group has posted a solid half-year result with profit and revenue up, driven mostly by the company’s retail business but offset by its logistics divisions.
Energy giant Santos says it can withstand a prolonged slump in oil prices despite taking an eye watering $2.7 billion full-year loss due to $2.8 billion in write-downs.
Wall Street closed lower on Thursday, ending a three-day winning streak, as Wal-Mart shares dragged on the market after a lacklustre earnings report and oil prices pulled back.
Gold prices have risen just over two per cent, reversing earlier losses and lifting silver, as US equities resumed their downward spiral, renewing bullion's safe-haven appeal that has spurred the market's biggest rally in years.
Shares in miner and contractor Mineral Resources were up 13 per cent today after it announced dividends of 8.5 cents per share, about 60 per cent larger than what it committed to in November.
