Oil plunged overnight, with US crude dropping almost three per cent as the market grappled with oversupply fears as increased US sanctions on Iran had more gradual impact than expected and US crude oil inventories rose sharply.
Gold prices slumped to an over four-month low overnight after the US Federal Open Market Committee (FOMC) axed any hopes for a rate cut in the near term, subduing demand for the non-interest bearing bullion.
More than 100 unique arbitration proceedings were conducted in Western Australia during the 2017-18 financial year, the first-ever survey of the sector has found.
There were 666 apartment approvals in inner Perth for the 12 months to February, a sharp fall from 2,069 in the prior corresponding period, which could driven by high supply in a weak market, according to a new report.
Mirvac is trialling a rent-to-buy initiative at its Claremont by Mirvac development, joining a handful of other developers in Australia to adopt an arrangement that is common in the US and Europe.
Colin Barnett, Carmen Lawrence and Jennifer Lawrence are among the high profile names appointed to the UWA Public Policy Institute’s international advisory board today.
Western Australian students will have a third study option, apart from ATAR or VET, in their final years of schooling with the introduction of a new pathway next year.
Zenith Energy is seeking to raise $25 million via a share placement to fund equity requirements for ongoing construction of power generation and infrastructure projects.
Govermment funds earmarked for a biomass energy plant and solar farm at Collie have been transferred to a new $60 million job creation fund that aims to create a long-term future for the town as coal mining winds down in coming years.
Shares in Swick have jumped 10 per cent, after the drilling business revealed its earnings before interest, tax, depreciation and amortisation (EBITDA) rose 58 per cent compared to the prior corresponding period.
Supermarket giant Woolworths has lifted third-quarter grocery sales by 4.2 per cent, reaping the benefits of lower deflation and more favourable weather conditions.
The Australian share market has opened lower after the major banks lost much of their previous day's gains following NAB's first-half profit announcement.
Wesfarmers has made a second takeover bid for a miner, with a $776 million proposal for lithium company Kidman Resources, as it seeks to benefit from the global uptake of electric vehicles.
Gold prices dropped to a one-week low overnight as the US dollar rebounded after the Federal Reserve reduced expectations of a rate cut this year, with the safe-haven metal also pressured as the central bank signalled strong economic growth.
Oil futures ended little changed overnight after supply curbs, including further talk on an extension to OPEC-led cuts, offset rising US crude inventories and record production.
Metals X is planning to spend $163 million to sharpen up the performance of the Nifty copper mine, nearly three years after it bought the Pilbara operation from Indian business Aditya Birla Minerals.
AP Eagers has acquired a provisional majority stake in Automotive Holdings Group, just a week after AHG told shareholders not to accept the offer until it released its target statement on May 8.
Mining icon Sir Arvi Parbo, whose achievements included concurrently chairing three of Australia’s largest companies - BHP, Western Mining Corporation and Alcoa of Australia - has passed away at the age of 93.
National developer Mirvac is seeking to leverage the strength of its balance sheet to pursue new opportunities, at a time much of its competition is stifled by a lack of available finance.
Struggling gold miner Blackham Resources has announced Bryan Dixon has resigned and stepped down from the board today following a “challenging period”.
West Perth-based Aerison has been awarded a contract by BHP Nickel West for the construction of a nickel sulphate plant located at its Kwinana nickel refinery.
Property analyst CoreLogic has suggested the worst of the residential market downturn across Australia has passed after releasing new data showing Perth dwelling prices fell by 0.4 per cent in April, taking the total decline since the market peaked to 18.4 per cent.
