Fortescue Metals Group's chief executive says the cost of iron ore will stay low until high-cost producers leave the market, and that was happening more slowly than expected.
With the abolishment of the carbon tax, Transperth fares will be reduced by 1.5 per cent from November 1 while a free day of travel has been arranged for November 3 to compensate for fares already charged.
Gold prices have surged to a one-month high as jitters over the health of the global economy and steep losses in equities brought investors back into the arms of the haven asset.
A second weekly increase in reported activity signals the seasonal lift in the market in October is underway which is also reflected in a healthy rise in listings.
US stocks have finished a turbulent day in the red, rallying somewhat from a huge midday drop spurred by worries over global economic weakness and the Ebola epidemic.
Melbourne-based Partners Wealth Group has expanded its Western Australian presence by acquiring a 50 per cent interest in Mandurah-based Merideon Wealth Strategies for an undisclosed amount.
Western Australia's residential building sector has broken historical records, setting a new high of $1.99 billion worth of work in June, according to data released by the Australian Bureau of Stat
Monadelphous Group's Albany Highway headquarters has been put up for sale, with selling agent Colliers International expecting the building to attract an offer exceeding $75 million.
The Western Australian premier has downplayed his verbal attack on BHP Billiton and Rio Tinto, claiming he never suggested the two mining giants were colluding.
Commonwealth Bank of Australia boss Ian Narev says says he is not worried by critics who "take pot shots" at the bank over its financial planning scandal.
The Australian share market has closed higher after disappointing Chinese inflation data fueled expectations more monetary easing was yet to come in the world's second largest economy.
Perth's office vacancy rate has jumped to 14.7 per cent, according to commercial agency JLL, with statistics showing the CBD has the highest A-grade vacancy in Australia.
The Maritime Union of Australia has started its five-day strike at Mermaid Marine Australia's Dampier Supply Base today, a decision the Australian Mines and Metals Association has labelled “irresponsible and misguided”.
Gold prices have hit a fresh four-week high, as investors rush into the metal amid gloomy economic data and turbulent stock markets in Europe and Asia.
US crude prices have plummeted nearly five per cent as the International Energy Agency slashed its oil demand forecast in light of slowing economic growth in Asia and Europe.
The youth of each successive generation cringe when their elders yearn for ‘the good old days', but there's a real danger technology is robbing us of some vital skills.
