The S&P 500 has jumped to a fresh record after investors concluded that a disappointing August jobs report would discourage the US Federal Reserve from quickly raising interest rates.
Speculation is mounting that Apache Energy is set to spin-out its Western Australian assets into a separate entity, with Macquarie Capital Advisers appointed to act on its behalf.
Copper-gold explorer AusAmerican Mining is set to add an operating copper-lead-zinc mine and a major copper development project in the Republic of Congo to its portfolio of assets, with the transaction worth $US49 million.
Ausdrill managing director Ron Sayers has been discharged from the Supreme Court today after the jury failed to reach a unanimous verdict on tax evasion charges against himself and former Barminco boss Peter Bartlett – for the second time.
Perth-based coal miner Ascot Resources has received commitments from global commodity trader Gunvor Group for a $5 million equity capital investment in its $11.2 million raising.
Investment banking group Azure Capital has added to the state’s small funds management sector by offering an Asian-focused hedge fund run by an experienced operator drawn to Perth for family reasons.
Toronto-based design and engineering services provider WSP Global has bought Balfour Beatty’s New York-based professional services subsidiary, Parsons Brinkerhoff, for $1.45 billion.
US stocks have closed lower despite an early boost from the European Central Bank's move to further cut interest rates and launch an asset-purchase plan to beat back deflation pressures.
Oil prices have fallen amid volatile trading, as NATO chiefs met over the Ukraine crisis and the European Central Bank announced more rate cuts to boost the eurozone economy.
Court action filed by both Santos and Apache is set to continue in the Western Australian Supreme Court over several disagreements relating to a joint venture of gas fields offshore in the Carnarvon basin.
If Scotland votes for independence exactly two weeks from today, expect a revival in another part of the world that has had the occasional secession debate – Western Australia.
Leading mining lawyer Michael Blakiston has criticised Premier Colin Barnett's comments urging African mining leaders not to be intimidated by global mining companies and to ensure their citizens received a fair return for their resource exploitation.
Australia's trade deficit is narrowing thanks to a growing volume of iron ore exports, but is likely to stay in the red as the price of the country's biggest export falls.
Paladin Energy has backed its decision to place its Kayelekera uranium plant on care and maintenance in February and says the market fundamentals needed to restore it to economic production are now heading in the right direction.
