Racing and Wagering Western Australia (RWWA) is withholding prize money to high-ranking bureaucrat Paul Whyte and his co-accused as the thoroughbred owners face accusations they stole tens of millions of dollars in taxpayer funds.
The Chamber of Minerals and Energy of WA (CME) has welcomed the federal government’s plan to deliver new deregulation measures for Australian businesses, saying it could save Western Australian resources projects more than $23 million each year.
Westpac shares have hit a nine-month low after the prime minister urged Westpac to consider chief executive Brian Hartzer's position over the bank's money laundering and child exploitation scandal.
Oil prices climbed more than 2.0 per cent overnight after a better-than-expected US crude inventories report and as the Russian government said it would continue its co-operation with OPEC to keep the global oil market balanced.
Gold fell overnight, retreating from a two-week high hit earlier in the session, after the United States started issuing licences for some companies to supply goods to Chinese firm Huawei, rekindling hopes for trade negotiations that had shown signs of turning more contentious.
Perth-based Meteoric Resources has received commitments to raise $7 million through a share placement to accelerate its Juruena and Novo Astro gold projects in Brazil.
About $300 million will be invested by Mineral Resources into expansion projects in the 2020 financial year, led by moves to boost Yilgarn iron ore output nearly 50 per cent.
Engineering company Monadelphous has secured a five-year, $100 million contract for maintenance work across Rio Tinto’s iron ore mines in Western Australia.
Cottesloe’s Napoleon Street is the best performing retail strip in Perth, according to new research by Ray White, with vacancy dropping from 6.9 per cent to zero in two years to September 2019, while Subiaco, Leederville and Mt Lawley have had big increases.
Regulators will be considering moves to cut the amount thermal generators need to pay when the electricity market is oversupplied, as independent retailers warn they may soon need to charge customers for exporting solar energy into the grid.
Ocean Grown Abalone is seeking to raise $2.9 million through a one-for-eight rights issue to progress the feasibility and development of its Esperance hatchery and grow-out project in Western Australia.
The widening of Mitchell Freeway near Joondalup and a train station at Lakelands are some of the new projects to be funded from a $940 million, four-year infrastructure stimulus package announced today.
Mining contractor MACA has secured open pit mining works for the restart of First Quantum Minerals’ Ravensthorpe nickel mine, which it said would generate $480 million in revenue over an initial five-year term.
HBF chief executive John Van Der Wielen said the costs of medical technology and an ageing population are driving up health insurance premiums, as debate intensifies over sector reforms and how to keep price rises in check.
Origin Energy has raised its full-year output guidance for its Australia Pacific LNG project, the biggest producer of liquefied natural gas in eastern Australia.
Westpac chief executive Brian Hartzer says he accepts "the need for accountability" after the country's second largest lender was accused of more than 23 million breaches of anti-money laundering and counter-terrorism financing laws.
Oil fell about 2.0 per cent overnight on concerns about excess global crude supply and limited progress toward resolving a US-China trade dispute that has clouded the outlook for oil demand.
Gold pared losses overnight to scale a one-week peak as Wall Street eased from record highs on US political uncertainties and sombre earnings while markets awaited more cues on the Federal Reserve's monetary policy.
The mining sector has welcomed an agreement signed by Geoscience Australia and the United States Geological Survey to collaborate on developing critical minerals assets, which include commodities such as lithium and rare earths.
The entity which ran the Perth Fashion Festival for 20 years, before operations were passed to the Fashion Council WA, has entered administration owing $819,000, with owners Mariella Harvey-Hanrahan and Tony Sage planning a deed of company arrangement.
Sipa Resources managing director Lynda Burnett has announced her resignation, after serving more than five years in the role, and will join the board at Regis Resources as an independent non-executive director.
Perth-based property group Australian Development Capital (ADC) has acquired the Belmont headquarters of international rail solutions group Hitachi Rail in an $18 million transaction.
OPINION: Premier Mark McGowan, most Labor Party MPs, and many Liberals as well, are keen for the contentious voluntary assisted dying (VAD) legislation to be passed within the next fortnight, but for significantly different reasons.
Iris Residential is preparing to launch a $130 million apartment project overlooking Claremont oval after the State Administrative Tribunal overturned objections raised by the development assessment panel and the local council.
