Latest Headlines

The local bourse has enjoyed its best single day in nearly a month, climbing back over 7,000 following a strong lead from Wall Street.

Perth-based explorer Tesoro Resources will begin trading on the Australian Securities Exchange tomorrow after completing a backdoor listing, an outcome that's been increasingly rare of late.

Construction work will start in April on the $35 million second stage of the University of Western Australia’s Forrest Hall, with local building firm Jaxon appointed to carry out the works.

National retail spending fell by a worse-than-expected 0.5 per cent in a fire-affected December, however, retail giant Coles recorded a surprisingly strong Christmas period.

Perth-based explorers Technology Metals and Artemis Resources have each raised $2.1 million through share placements, while South Australian company Twenty Seven Co is seeking to raise $1.6 million to explore its tenements in Western Australia’s Goldfields region.

The state government has today announced additional flights to and from Singapore, in an effort to maintain stability in WA’s tourism market following the worsening coronavirus outbreak on the Chinese mainland.

Rio Tinto has contracted Perth-based Southern Cross Electrical Engineering to complete rehabilitation works on its Gove Peninsula operations in the Northern Territory.

OPINION: The public sector workforce is growing again, having been cut to streamline state expenditure amid the McGowan government’s budget repair efforts.

Indian miner Adani has been fined $20,000 for giving the Queensland government false or misleading information about land clearing.

Nationals MPs Keith Pitt and Darren Chester have been elevated to federal cabinet in a ministerial reshuffle.

Sustainable building practices have moved past being a niche marketing tool to a buyer expectation, according to boutique apartments developer OP Properties.

Property group Mirvac has lifted its interim dividend following a 21 per cent gain in first-half operating profit to $352 million, though the firm's net result slipped. 

The big banks and oil-boosted energy stocks have powered the Australian stock market higher in a solid morning's trade.

Alita Resources under the nose of watchdog ASIC

Professional services and flexible office providers have provided a boost to momentum in Perth’s CBD office market, with the Property Council of Australia’s vacancy rate continuing to decline and top-quality office accommodation becoming scarce.

Oil prices have jumped about two per cent on media reports that scientists were developing a vaccine for the fast-spreading coronavirus, even as world health experts said treatments have not yet been found.

Gold rose on Wednesday on bargain hunting, reversing course from a two-week low touched earlier, as investors latched on to the metal's overall uptrend on the back of a low interest rate environment globally and lingering uncertainties.

Finance group Argonaut has won a Supreme Court ruling against Perth company director Russell Moran, who could owe in excess of $30 million after taking out a high-interest loan six years ago to buy

AMP has been ordered to pay a $5.2 million penalty after the Federal Court found the bank had failed to take reasonable steps to ensure its financial planners complied with the best interests duty.

Outdoor sports retailer Mainpeak has gone into administration after the local brand suffered continued financial losses.

Australian stocks have finished higher for a second day but could not sustain a move above 7,000 as the death toll from the coronavirus outbreak in China neared 500.

Biotech company Zelira Therapeutics has received commitments to raise around $4.6 million from a share placement, while rent.com.au is planning an underwritten $2.9 million rights issue.

Rio Tinto and Telstra have announced shorter payment terms for small and medium Australian businesses, whereby SMEs will be paid within 20 days of a valid invoice receipt.

Shares in CIMIC Group are up 8 per cent, a day after the international contractor named a new chief executive and announced a $1 billion full-year loss related to its decision to exit the Middle East.

Besk co-owners Elliot Moore and Ben Braham are committed to delivering a dynamically different hospitality experience in West Leederville.

There are concerns the share market’s strength doesn’t accurately reflect the nation’s economic performance, or outlook.

OPINION: Australia’s natural environment requires us to return to more effective strategies to minimise fire risk.

Civil and mining contractor NRW Holdings has secured a $70 million contract for works on the Iron Bridge magnetite project near Port Hedland.

Investment house Dorado Property has acquired the office building at 12 Newcastle Street in a deal worth $24.2 million.

Mining services provider Perenti Global says it is considering buying Downer EDI's mining servicing business, but dismissed a report of a $700 million offer.

Investor services group Computershare will buy registered agent provider Corporate Creations for $142.9 million in a move to improve its reach in the US.

Australian stocks are higher on renewed confidence about how China is handling the coronavirus crisis.