CommSec is tipping a further interest rate cut of 25 basis points next month as the central bank today slashed rates by a bigger than expected 75 basis points, a move welcomed by various lobby groups across the country.
Western Australian businesses spend more on research and development as a proportion of gross state product than business in any other state, according to data from the Australian Bureau of Statistics.
The Commonwealth Bank of Australia is the first bank to pass on some of the central bank's rate cut, lowering its standard variable home loan rate by 58 basis points.
The takeover tussle for Incremental Petroleum Ltd could be extended after the corporate watchdog asked bidder Cooper Energy Ltd to extend its deadline that it thought was final.
Delay carbon plan, warns RBA director; Hundreds of jobs go as crisis hits miners; Stamp duty slump hits state budgets; Housing, retail downturn boost case for rate cut; China demand slowing, admits Rio
Australian executives are expecting further economic turbulence in the New Year as credit market conditions, a volatile Australian dollar and inflationary pressures impact profit and investment prospects for 2009.
Gindalbie Metals Ltd plans to raise $162 million through a share placement to Chinese project partner AnSteel to cover its final payment towards the $1.8 billion Karara iron ore joint venture.
Western Australia has recorded the biggest drop in newspaper job advertisements for October, in line with the national decline as firms shied away from hiring staff in a slowing economy, a survey says.
Talks start on WA uranium mining; China output slows as exports fall; Vale set to slash iron ore output; Jobs to go as squeeze hits car dealers; Unions shape up for Telstra strike action
The Western Australian housing market is tipped to bottom out this December quarter as new homes sales during September jumped 19.5 per cent, however Perth remains the worst performer in property values.
Westpac outshines its rivals; RBA plays down fears of recession; Wesfarmers seeks €3b to cover Coles debt; Miners pull projects as prices drop; Bills go up $365 as LNG hit hard
The Chamber of Commerce and Industry WA and the Chamber of Minerals and Energy say the federal government's economic modelling of its proposed emissions trading scheme has confirmed their concerns about the scheme and its impact on the state.
Early action to tackle climate change will reduce gross national product by just a tenth of a per cent a year, with the economy continuing to grow strongly, the federal government says.
Treasurer Troy Buswell has approved a continuation of the costly Office of Shared Services project but has placed it on notice that remaining implementation and budget targets must be strictly adhered to.
Minara paints grim picture as it seeks $210m; PM's investor rescue plan gets the thumbs down; WA seeks federal backing for port; Watchdog clears Stokes' Seven for a 'hypothetical' tilt at WAN; Shareholders shirty as pub group misses forecast
WABN: What is the best piece of advice you can give someone to motivate a team? PK: "You need to provide a team with a sense of purpose and a collective vision.
