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A major figure in the local building industry has been elected the 2016 national president of Master Builders Australia.

Shares in Perth-based Orthocell have soared after the tissue regeneration company was granted a patent for its "cell factory" technology in the United States.

AWE and Origin Energy plan to spend $17.5 million on the first stage of their Waitsia onshore gas project in the Perth Basin after an offtake agreement was finalised with Alinta Energy.

The Australian share market is one per cent down after Wall Street suffered two per cent falls amid worries about the Chinese economy and renewed Mideast tensions.

Dick Smith, one of Australia's best known electronics retailers, has been put up for sale, with lenders taking charge of the troubled company after it failed to secure a funding injection.

Great ideas are a good start, but without a clear strategy for how you’re going to implement them, you will be no closer to achieving your targets.

Australian businesses plan to increase capital investment in 2016 despite having downbeat expectations for their bottom line.

Gold prices have rallied two per cent to a four-week high, buoyed by rising tensions in the Middle East and a sharp drop in stocks following weak Chinese data.

Consumers have started the year in an upbeat mood as confidence about their finances improves.

US stocks have begun 2016 sharply lower, with the Dow marking its worst start to a year since 2008.It came after weak Chinese economic data fanned fears of a global slowdown.

The Australian dollar has fallen to a two week low amid concerns about the Chinese economy and renewed Mideast tensions.

Oil jumps on Mid-East tensions

MULTIMEDIA: Check out the best photos from Business News in 2015 - see all of them

Ailing iron ore miner Atlas Iron has done a deal with the majority of its lenders, who have agreed to a plan to cancel $US132 million ($183 million) of debt in exchange for equity in the junior exp

Listed sandalwood producer TFS Corporation and China-backed Kimberley Agricultural Investment have been selected as the preferred proponents to develop 5,000 hectares in the Ord River irrigation area.

The Australian share market has made slight gains but is not showing any signs of a Christmas rally.

The proportion of Perth homes sold at a loss hit a three-year high in the September quarter, with owners of CBD apartments the most likely to incur a loss

Let’s not write off 2016 before it has started; there’s plenty of potential upside just over the horizon.

Watpac Civil & Mining and BC Iron have flagged legal action against each other, with Watpac seeking about $12.5 million from the iron ore miner.

A Perth man who cheated Indonesian farmers out of more than $600,000 by falsely claiming to sell Australian cattle "greatly tarnished" business relations between the countries, a judge says.

Perth-based Swick Mining Services has won a number of new contracts and renewals with Newmont Mining, with 15 rigs expected to be in operation by early next year.

Oil and gas company Buru Energy has flagged job cuts and the sale of acreage in the Canning Basin to save costs, as a drilling contractor employed at Buru’s Ungani project falls into administration.

Graphite players have had a soft 18 months, although some WA companies are developing new production techniques that might give them a leg up in the industry.

Shipbuilder Austal has won a $US51.7 million ($A71.8 million) contract to provide upgrade services to the company’s biggest customer, the US Navy.

The competition watchdog is seeking market feedback after a fresh undertaking by Canada's Brookfield Infrastructure in its takeover battle for ports and rail operator Asciano, which includes the divestment of its bulk rail operations in Western Australia.

Broadspectrum says a $692 million takeover offer from Spanish group Ferrovial undervalues the company.

The Australian share market has started on a strong note following positive cues from Wall Street, with gains across the board.

Six-month freeze on public service jobs

Brent crude oil prices have touched their weakest level in over 11 years on concerns of global oversupply, while Wall Street ended higher as investors went shopping after two days of sharp declines.

The Australian dollar is higher, getting support from stronger gold, iron ore and copper prices.

Gold futures prices are up than one per cent as weaker than expected US data and uncertainty about how fast the Federal Reserve will tighten interest rates next year weighed on the US dollar.

US stocks have ended stronger, helped by bounces in Apple and Microsoft as well as a rally in hospital stocks after more Americans signed up for subsidised health insurance.