Shares in Perth-based Carnarvon Petroleum have surged on news it entered into an agreement to sell its remaining 20 per cent interest in its Thailand oil production assets to the Berlanga Group for $68.5 million.
Drivers in Western Australia may pay more for vehicle registration or drivers' licences to help the state government pay for transport improvements, the premier has confirmed.
Shockingly weak economic growth figures have left leading economists rethinking their interest rate forecasts, with a growing number saying the Reserve Bank of Australia will be forced to cut in 2015.
Engineering giant Monadelphous Group will enter the water market with the purchase of diversified design, build and maintenance business Water Infrastructure Group for about $6 million.
Transfield Services has signed an agreement to provide multidiscipline implementation services on the offshore facilities of the Woodside Petroleum-operated North West Shelf project.
Santos shares have hit a near eight-year low as the energy company shelved a debt raising and announced plans to slash spending due to weak oil prices.
The Dow and S&P 500 have bolted to fresh record highs after a Federal Reserve report showed the US economy was growing amid widespread optimism about the outlook.
Oil prices in New York have gained following a drop in US crude inventories, while the international benchmark Brent has fallen on gloom after last week's OPEC decision to maintain output.
The Australian dollar is barely keeping its head above 84 US cents after disappointing economic growth figures triggered expectations of another interest rate cut.
Gold prices have risen as investors wait to see whether the European Central Bank will increase its economic-stimulus efforts at its monetary-policy meeting.
Collie coal miner Griffin Coal is endeavouring to hang onto its staff and satisfy its customer commitments after its main contractor Carna Civil & Mining walked off the site late yesterday.
The number of international visitors to Western Australia each year has surpassed 800,000, with the state again recording the highest average trip expenditure per visitor for the country.
Western Australian Governor Kerry Sanderson has appointed professor Stephen King as alternate chairman of the governing body of the Economic Regulation Authority on a part-time basis.
A draft strategy paper released by the state government today has outlined plans to close the state’s largest psychiatric facility within the next 10 years.
Australia's growth rate fell to 0.3 per cent in the September quarter, less than half the rate expected by market analysts, resulting in annual growth sliding to 2.7 per cent.
The depressed iron ore price is prompting “gun shy” Padbury Mining to increase its tenement asset base, snapping up a hematite and magnetite deposit owned by Radar Iron.
Woolworths has bought itself a foothold in China's growing wine and drinks market, acquiring one of the country's largest alcoholic drinks distributors.
Oil prices have tumbled after the Iraqi government and autonomous Kurds struck a deal that will boost the country's crude oil exports to an already oversupplied global market.
Western Australia’s largest indigenous corporation has announced it is cutting jobs and assessing its member benefits structure as a result of weak iron ore prices.
