A federally operated life sciences hub aimed at commercialising local research opened in Nedlands yesterday, backed by the University of Western Australia, the state government, and Commonwealth entity MTPConnect.
The Australian share market has opened lower following a slide on Wall Street overnight, with financial and tech-related stocks dragging the headline index lower.
Wall Street dipped on Tuesday, weighed down by Apple, Facebook and other technology stocks, in a trading session that ended early ahead of the US July 4 holiday.
Crude prices ended the overnight session slightly higher after a volatile day in which the US benchmark passed $US75 a barrel for the first time in more than three years before turning negative and later recouping its losses.
A University of New South Wales study has called for caution about the potential benefits of medicinal cannabis to relieve pain, but a Western Australian hopeful in the sector is still confident for the future of the industry.
ASX-listed Imdex, software company Manufacturing Intelligence and Emapper are among five local companies in the mining technology sector that will share in $7.1 million of federal government funding announced today in Perth.
Swick Mining Services has announced the first commercial agreement for use of its Orexplore mineral scanning technology, which has been developed over the past seven years.
Independence Group has agreed to pay $21 million in cash and shares to prospector Mark Creasy to acquire a 70 per cent stake in a series of tenements in the Fraser Range near its Nova nickel mine.
Accounting firm RSM and Bunbury-based consultancy IPS have won the lion's share of work under a new round of state government contracts to deliver the Business Local support program across regional Western Australia.
The Reserve Bank has left Australia's official interest rate at its record low level of 1.5 per cent for the 23rd month in a row, with weak household spending remaining an area of concern for the economy.
Nine months after GDI Property Group settled its acquisition of A-grade commercial tower Westralia Square the building's valuation has increased by $38.75 million, an encouraging sign for the Perth office market.
Majority Aboriginal-owned business Wilco Electrical recently secured distributorship across the state for cutting-edge US technology that draws water from air.
Oil futures have fallen as supplies from Saudi Arabia and Russia rose while economic growth stumbled in Asia amid escalating trade disputes with the United States.
Wall Street has ended higher after a choppy session, with gains in Apple and other technology stocks offsetting worries about an escalating trade war between Washington and its trading partners.
Gold has slipped more than one per cent to its lowest in 6-1/2 months ahead of a US holiday, and platinum headed to its lowest in nearly 10 years as the greenback strengthened and an ongoing US-European Union trade spat pressured precious metals.
Australian shares have lost ground on the first day of the new financial year as weakness in Asian markets, courtesy of weaker-than-expected Chinese manufacturing data, flowed into local sentiment.
The announcement of a new team tournament set to kick off in 2020 in Australia has called into question the future of Perth's international tennis event, the Hopman Cup.
