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Energy giant Woodside Petroleum has warned a long downturn in oil prices will reduce its profit and shareholder payouts.

La Mancha Resources has signed an agreement to acquire up to 70 per cent of Perth-based explorer Intermin Resources’ Binduli gold project near Kalgoorlie.

Fortescue Metals Group has achieved a significant reduction in costs, giving it hope of staving off losses due to the fall in iron ore prices.

A fall in the jobless rate by 0.1 percentage points has beaten economists’ expectations, with the March rate coming in at 6.1 per cent according to figures released by the Australian Bureau of Statistics.

Western Australia's collapsing GST allocation is the most severe economic shock the state has faced since the share crash of the late 1980s, Premier Colin Barnett says.

The Australian share market has opened higher.

The Australian dollar has briefly passed 77 US cents after the release of a batch of weak US economic data, before dropping back.

Gold has risen one per cent to above $US1,200 an ounce, as the US dollar turned weak late in the session after weaker-than-expected US economic data, while stronger US and European stocks limited the metal's upside.

A marketing campaign for the Australian Taxation Office building on Francis Street in Northbridge is expected to be launched in coming weeks, with industry sources suggesting the building could fet

US oil prices have shot up to a 2015 peak after a slight dip in US oil production sparked talk that the glutted petroleum market could be turning.

A rally in petroleum-linked equities have helped lift US stocks following mixed earnings and economic data.

The weekly sales volatility continued this week with reported sales bouncing back 23% to 624 with the increase driven by a 28% jump in house sales.

Education services company Navitas has extended its reach into Sydney’s western suburbs, after signing a 50:50 joint venture agreement with the University of Western Sydney to establish a pathway college for international students.

Weaker banking stocks have outweighed a rise in iron ore prices and driven the share market lower.

Information technology company Rewardle Holdings has formed an alliance with NSW-based Mint Payments under which the two companies combine their resources to market Mint's card payments processing software across a wider customer base.

China's economy expanded 7 per cent year on year in the first quarter, slumping to a new post-global financial crisis low even as authorities take steps to bolster growth in the world's second-largest economy.

Agricultural and horticultural group Nufarm is shifting out of Welshpool, putting an office, warehouse and laboratory facility on the market, with the site expected to fetch more than $7.5 million.

Social Ventures Australia has launched its first state-based venture philanthropy fund, with the new fund designed to invest in a portfolio of high-impact not-for-profit ventures in Western Australia.

Perth now has the highest vacancy rate of any office market across capital cities in Australia, according to fresh research by JLL, with 16.6 per cent of commercial space in the CBD sitting empty.

The government should be preparing the ground for a tough budget, not shying away from the heavy lifting.

Technology company DTI Group has won a contract with the Brisbane City Council to supply its surveillance systems to a fleet of buses for an undisclosed sum.

A commitment by Prime Minister Tony Abbott has done little to allay uncertainty about the extent of a promised tax cut to small business.

Stratum Metals has become the sixth Western Australian company to cancel a backdoor listing deal in the past year, with the Nedlands-based business reviewing its future options, including plans for the East Menzies gold project, after walking away from a planned reverse takeover of a US technology venture.

will front the FFA appeals process tonight in their bid to buy more time as they attempt to win back their spot in the A-League finals.

The corporate watchdog has banned stockbroker Anton Kerstens from providing financial services for five years, following an investigation that found he had manipulated the share price of Perth-based uranium explorer Cauldron Energy.

IMX Resources has signed an offtake deal with a Chinese enterprise for graphite concentrate from its Chilalo project in Tanzania.

Gold and copper miner PanAust has rejected a state owned Chinese company's $1.1 billion takeover bid, describing the offer as inadequate.

The Australian economy is not particularly innovative and the government could do more to encourage the use of information and communications technology, a global report says.

Lower oil prices and sales coupled with a natural disaster contributed to a 20.1 per cent slide in Woodside Petroleum’s revenue for the March quarter, but wrapping up its Apache Corporation asset purchase lifted contingent reserves by 151 per cent.

Queensland should not suffer financially because Western Australia cannot manage its books, the deputy premier says.

The Australian share market has opened slightly higher, following gains on Wall Street.

Gold cut losses on Tuesday, as the dollar turned lower after US retail sales and producer prices data came in weaker than expected, but prices remained below $US1,200 an ounce on higher equities.