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AGL Energy is quitting its gas exploration and production activities due to the collapse in oil and gas prices.

reiwa.com property sales data for the overall market for the week ending February 2 totalled 723, which represents a 36 per cent increase in total sales over the week.

Engineering and contracting group Downer EDI has trimmed its full-year profit guidance after posting a nearly 24 per cent drop in first-half profit, with one of the few positives being increased work on oil and gas projects in Western Australia.

Soon-to-be renamed Malagasy Minerals has welcomed Regis Resources as a substantial shareholder as the company completes its acquisition of the Karlawinda gold project near Newman, while also announcing the appointment of local gold mining executives to its board.

The receiver restructuring Dick Smith with a view to selling the troubled electrical retailer says the company has been underpaying workers for as long as six years.

Programmed Maintenance Services has flagged a $75 million impairment resulting from poor performance in its marine services division, but expects to lift earnings to over $100 million by FY17 as it benefits from growth in other sectors of the economy.

BHP Billiton spin-off South32 will slash 620 jobs in Africa and has warned of widespread job losses in Australia after revising down its commodity price forecasts.

The Australian share market has kicked off the trading day higher after a late rally on Wall Street led by an eight per cent jump in oil prices.

Deals and capital raisings in the mining and metals sector fell in 2015, according to EY, although asset sales from distressed parties coming onto the market could lead to an uptick in volumes in the year ahead.

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Perth's office vacancy rate is nudging 20 per cent but demand is turning to the positive side, according to the Property Council of Australia.

US stocks have staged a late-day rally as an 8-per cent jump in oil prices lifted beaten-down energy shares and financials rebounded.

The Australian dollar has rallied on the back of a broad greenback selloff triggered by weaker-than-expected US economic data.

Gold has hit three-month highs as a slower US services sector and sinking US dollar prompts investors to seek shelter in assets perceived as safer as future Fed rate hikes appeared less likely.

Neometals shares have closed more than 9 per cent higher on news its Mt Marion joint venture partner Jiangxi Ganfeng has exercised its option to acquire an additional 18 per cent in the lithium project for $US27 million.

The long-running saga of the Windimurra vanadium project has taken a new turn, with listed company Atlantic pitching a low-ball offer to buy the $560 million development from one of its own subsidiaries.

Colleagues have paid tribute to Troy Resources chairman and Aquarius Platinum director David Dix, who passed away overnight.

Two niche operators in Western Australia's electricity market have accused the state government of being more concerned with protecting its own interests than creating a truly competitive industry

Apartment developer Finbar Group has won approval to go ahead with its third major new project in South Perth, amid continuing debate over the appropriateness of high-density projects for the subur

Heightened investor fears about global growth have caused the sharpest daily fall on the Australian share market in four months, with energy companies and banks the hardest hit.

Mining contractor Byrnecut has won a contract to expand OZ Minerals’ Prominent Hill copper-gold project in South Australia, with the work expected to cost about $12 million.

Commonwealth Bank of Australia is expected to unveil another record first-half profit next week when it becomes the first of the big four to report results since last year's out-of-cycle mortgage rate hikes.

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The number of new homes approved for construction in Western Australia fell for a 15th consecutive month in December, with the industry flagging a downturn in national activity.

Former oil and gas explorer Emerald Resources has confirmed plans to transition to the gold sector, announcing today a joint venture deal to earn-in to Renaissance Minerals’ Cambodian gold project.

International hotel group Sheraton is plotting a return to Perth, with plans lodged to build a new hotel on The New Esplanade Hotel site in the CBD.

Western Australia started 2016 on the wrong foot with the number of new cars sold in the state already tailing the national average in January.

The Takeovers Panel has refused to intervene in construction giant CIMIC Group's $243 million takeover bid for mining services company Sedgman.

One of Perth’s leading solar power and lithium battery storage providers has struck a strategic alliance with a New Zealand power provider expected to be worth $40 million over the next five years.

The Australian share market has opened sharply lower on further steep declines in oil prices.

US and European stock indexes have fallen sharply and buyers sought safe-haven government bonds after another tumble in depressed oil prices.

Plan to squeeze rivals in SA and WA