Mining entrepreneur Andrew Forrest has made a move into onshore oil and gas, with Squadron Resources, a subsidiary of his Minderoo Group, to explore and develop the Canning Basin in an 80:20 venture with privately owned Goshawk Energy.
The Australian share market has closed lower as cautious investors await the US Federal Reserve's decision on interest rates later this week and the result of the US presidential election on November 8.
The Reserve Bank of Australia has held its benchmark interest rate at 1.5 per cent, saying the current rate is right to meet its forecasts for sustainable growth and inflation.
Hoyts Group has announced plans to open a new cinema complex in Karrinyup and redevelop its Garden City complex, as part of shopping centre redevelopments in those areas.
North Fremantle-based Carnegie Wave Energy plans to change its name to Carnegie Clean Energy after its $13 million acquisition of solar and battery microgrid developer Energy Made Clean.
The Australian share market has reversed the previous session's gains in early trade with investors wary ahead of key local and overseas economic data.
Oil prices have settled at one-month lows after dropping more than three per cent on doubts about OPEC's ability to implement its planned production cuts, with the market further weighed by expectations that the cartel had record output in October.
The Australian dollar is fractionally lower against the greenback following mixed US economic data and as investors await the Reserve Bank of Australia's rate decision.
Wall Street has ended barely changed as investors digested the latest large-scale corporate mergers as well as the most recent twist in a tumultuous US presidential election.
Gold has steadied, coming off lows as the US dollar pared gains, though concerns over the outlook for the US election and Federal Reserve policy kept the metal pinned near the previous session's near-four-week high.
Alcoa Portland smelter hangs on HazelwoodAs many as 3000 Victorian jobs hang in the balance as Alcoa seeks to lock in a viable power supply deal for its P
SPECIAL REPORT: An app co-developed in WA could revolutionise the way organisations around the world measure the impact and intrinsic value of arts and culture programs.
SPECIAL REPORT: Three WA arts organisations have performed a series of firsts on tours to Asia this year, building on business and diplomatic strategies that highlight the value of cultural exchange.
Australian consumers are increasingly spending their money with big businesses rather than supporting local stores, despite professing their affection for small business, a new survey has found.
Leadership WA chief executive officer Robin McClellan spent 10 minutes with Justine Colyer, who believes not for profits can balance commercial astuteness with humanity.
Soon-to-be lithium miner Galaxy Resources has expanded an existing agreement with investment group OCP Asia to borrow a further $16 million to meet working capital costs until first revenue is achieved at its Mt Cattlin mine.
Qantas is facing a bumpy year as international airlines cut air fares to attract customers, just two months after the airline delivered a record annual underlying profit.
Energy giant Woodside Petroleum says it has completed its $US440 million purchase of ConocoPhillips' stake in an oilfield off the coast of Senegal, despite leaving a contractual dispute with one of the project's partners unresolved.
Rio Tinto has agreed to sell its its stake in the Simandou iron ore project in Guinea to partner Chinalco, setting the stage for a sizeable new competitor.
The Australian share market is flat in early trade, with investors a little nervous ahead of the US presidential election on November 8 and awaiting any indication of a potential lift in US interes
Oil prices has settled below $US50, marking their biggest weekly loss in six weeks, on concerns OPEC will not fully carry out a planned output cut, even as data showed US oil drillers removed rigs from production for the first time since June.
Gold has risen one per cent to the highest level in nearly four weeks, extending gains late in the session after the FBI said it will further investigate Democratic presidential candidate Hillary Clinton's use of a private email system.
Young generation needs to make avocado on toast, not eat itYoung Australians shouldn't be eating smashed avocado on toast, they should be making it, according to a recent
Chevron has blamed problems at one of its overseas suppliers and inadequate planning for a $US5 billion ($A6.6 billion) blowout in the cost of its Wheatstone liquefied natural gas (LNG) project.
In this Business News podcast, Mark Pownall and Dan Wilkie discuss WA's economy, Kidman, Alinta, Tox Free, Paul Blackburne, Perth airport and WA's arts and cultural industry.
