Perth’s office vacancy rate has jumped to 14.7 per cent, according to commercial agency JLL, with statistics showing the CBD has the highest A-grade vacancy in Australia.
The Maritime Union of Australia has started its five-day strike at Mermaid Marine Australia’s Dampier Supply Base today, a decision the Australian Mines and Metals Association has labelled “irresponsible and misguided”.
Gold prices have hit a fresh four-week high, as investors rush into the metal amid gloomy economic data and turbulent stock markets in Europe and Asia.
US crude prices have plummeted nearly five per cent as the International Energy Agency slashed its oil demand forecast in light of slowing economic growth in Asia and Europe.
The youth of each successive generation cringe when their elders yearn for ‘the good old days’, but there’s a real danger technology is robbing us of some vital skills.
The state government has agreed to increase the price it pays Premier Coal for its coal supplies, as uncertainty continues over the fate of fellow Collie producer Griffin Coal.
The Western Australian premier has again accused BHP Billiton and Rio Tinto of flooding a depressed iron ore market, putting further downward pressure on the commodity's price.
Red Mountain Mining has withdrawn its $1.4 million rights issue after underwriter Patersons Securities terminated the agreement, as the company’s share price closed lower than the offer price of 0.8 cents for three days.
Approvals for detached housing appear to have peaked for the time being, but multi-residential approvals are set to continue growing in the short-term, analysis of approvals statistics by the Real Estate Institute of Western Australia shows.
Perth-based explorer Hawkley Oil & Gas has entered into a binding term sheet for the sale of its Ukraine oil and gas operations to Black Star Petroleum in exchange for 600 million shares.
The rollout of major apartment projects is continuing in East Perth, with Finbar Group unveiling a new joint venture on Adelaide Terrace, and JAXON signing a $45 million deal to build the last stag
Woodside Petroleum has finalised an agreement with Noble Energy and Glencore International to farm in to the Tilapia Production Sharing Contract off the coast of Cameroon.
Education Minister Christopher Pyne has described Australian National University's controversial decision to divest its fossil fuels share portfolio as bizarre.