Latest Headlines

Former gold explorer International Goldfields has become the fourth Western Australian company to move into the cannabis industry, with the acquisition of Uruguayan business Winter Garden Biosciences.

Perth will need to build an extra 800,000 homes over the next 35 years to accommodate population growth, a new report has concluded, and nearly half of these homes will need to be in existing suburbs.

The Australian share market clawed back its early losses to finish with gains on the back of positive news around iron ore and the banks' profit results due next week.

Growth of up to 8 per cent among countries in the Association of Southeast Asian Nations region could provide opportunities for Western Australia, according to a recent report by ANZ.

Perth-based Amcom Telecommunications has pushed back its scheme meeting to vote on the Vocus Communications takeover deal by two weeks, after Sydney competitor and Amcom's major shareholder TPG Telecom yesterday said it would vote against the proposal.

The Victorian government's decision to cancel the East-West Link could have ramifications for WA.

Perth home prices have ticked slightly higher in April to a median price of $520,000, which equates to an increase of just 0.3 per cent over the past year

Apartment developer Finbar Group is planning to revise its Civic Heart project in South Perth, after agreeing to purchase a neighbouring property that includes the heritage-listed Australia Post building on Mill Point Rd.

The City of Fremantle has strongly rejected claims by a local ratepayers and residents group that the civic component of Fremantle's $300 million Kings Square redevelopment will result in a $30 million loss.

KPMG has acquired West Perth accounting and advisory practice Hayes Knight (WA), saying this will be the first of a series of acquisitions to bolster its private client practice nationally.

Troy Resources has announced a $40 million capital raising to fund exploration and development of its Karouni gold project in Guyana.

Macmahon Holdings has received a $19 million settlement almost two years after its shaft sinking project at Glencore's CSA copper mine in New South Wales was terminated.

The federal and Western Australian governments will be forced to permanently shelve plans to close remote Aboriginal communities in WA, Greens leader Christine Milne said in Perth this morning.

The Parkhound service puts those with car parking space to rent out in touch with those looking for space to rent. The site and app allows drivers to compare off-street residential and commercial parking, and also in a world first, street parking options.

Evolution Mining has bought a large stake in a local gold mining company with tenements near La Mancha's mines and processing plant near Kalgoorlie, which Evolution is also buying.

Atlas Iron has announced a surprise reversal of last month's decision to shut down, and will keep two of its three mines operating.

The Australian share market is slightly lower following falls on Wall Street.

Gold fell two per cent on Thursday after better than forecast US jobs data encouraged investors to sell the traditional safe-haven market, reviving expectations the Federal Reserve could raise interest rates soon.

The Australian dollar is lower following better-than-expected US economic data as traders look ahead to next week's Reserve Bank of Australia board meeting.

Oil prices have risen again on data suggesting the US crude glut is easing as the dollar weakened against the euro.

Wall Street stocks have fallen sharply as earnings from online listings company Yelp and others disappointed while US data showed only modest growth in consumer spending.

A decision to lift the pay of some public hospital staff above inflation puts further strain on the government's budget position.

Perth-based contractor NRW Holdings, which is best known for its work on Pilbara iron ore projects, is the only local company in three consortiums that have been short-listed to bid for the $2 billion Forrestfield-Airport rail link.

Iluka Resources looks set to snare Irish company Kenmare Resources after proposing a scrip takeover offer valued at $363 million.

The competition watchdog has decided against pursuing Fortescue Metals Group chairman Andrew Forrest over comments he made at a business dinner last month, in which he called on iron ore producers to cap production.

The Australian share market has closed lower as the dollar rises and the chances of a May interest rate cut fall.

Global miner Newmont Mining is likely to sharpen its focus on its Western Australian operations, selling off its Waihi gold mine in New Zealand to OceanaGold Corporation for $US106 million and a 1

Executives of oil and gas producer Santos have narrowly avoided a first strike by investors protesting against their salaries as its shares and the oil price fall.

Moore Stephens will become the 11th largest accounting firm in Western Australia after striking a merger agreement with the Perth office of UHY Haines Norton.

Can interest rates rise and fall at the same time? They can if you're looking at different markets, because just as the Reserve Bank of Australia considers a fresh cut in its prime rate to try and boost the local economy, interest rates in other markets are starting to rise.

Perth-based Swick Mining Services says it made a number of redundancies to minimise costs during the March quarter and plans to make an impairment adjustment at year's end, despite an increase in demand for underground drilling from its existing clients.

The federal government has contracted four groups in Western Australia to run a new support network designed to lift completion rates for apprentices, but has caused disquiet by excluding a major group-training organisation from the scheme.