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Oil prices pared gains overnight after worries about oversupply persisted, pulling back from an early rally as OPEC extended supply cuts until March 2020 during a meeting in Vienna.
Gold slid by as much as two per cent overnight as the US dollar rallied and investors flocked to higher-risk assets after the agreement to resume trade talks between the United States and China.
Fresh supermarket proposals are emerging across a range of near-city suburbs, including Highgate, West Perth, Nedlands, Inglewood and Como, as retail groups respond to community demand for modern shopping facilities.
Macmahon Holdings has responded swiftly to last week’s unexpected retirement of two directors, including chairman Jim Walker, by reappointing Vyril Vella to its board.
Calima Energy has raised around $12.7 million, via a placement and entitlement offer, with the funds set to be primarily used for general working capital purposes.
Western Australia’s listed companies have trailed the broader market in the past year, with the Business News BN30 index rising 5.2 per cent as the ASX 200 lifted 7.2 per cent.
Gruyere 50/50 joint venture partners Gold Fields and Gold Road Resources have poured first gold at the $621 million project located 200 kilometres east of Laverton.
Veris has flagged operational and executive management changes following a review of the business, as the surveying services company seeks to reduce costs by around $3 million per annum.
Perth house prices recorded the biggest decrease amongst state capitals for June, continuing the long-term slump, according to CoreLogic data released on the same day the state government's Keystart stimulus began.
Fortescue Metals Group’s recent awarding of $179 million in contracts to Aboriginal businesses highlights two different approaches to indigenous development.
The state government has fined BGC Residential and nominated supervisor Thomas Edmund Starkey $22,000 and $10,000 for breaching building registration laws after roof defects were found in two Perth homes.
The Australian share market has opened higher, with almost every sector recording a positive start on the first day of the new financial year after the US and China agreed to restart trade talks.
Crown Resorts’ Barry Felstead and ABN Group’s Andrew Roberts are among the top five fundraisers this year for Vinnie’s CEO Sleepout, raising more than $130,000 each to help break the cycle of homelessness.
PODCAST: Dan Wilkie and Matt Mckenzie discuss Blue Cow Cheese, hospitality insolvencies, Ribs & Burgers, Flinders Mines, Sandfire Mod takeover, Barminco, indigenous contracts, Rising Stars, and Great for the State.