Perth-based Xstate Resources have dropped their target of gaining 100 per cent control of Bombora Energy in an amended heads of agreement that will see them acquire 75.9 per cent of the shares on issue.
The national unemployment rate has edged up to 5.8 per cent in November, despite the number of people in employment rising by 21,000 in the month, while Western Australia continues to maintain a much lower jobless rate.
The Western Australian film industry has become the latest to tap China's deep pockets with agreements struck for film projects worth more than $87 million to be co-financed by a Chinese animation company.
A strategic review into the national broadband network (NBN) has recommended rolling out a mix of technologies, including fibre-to-the-premise, costing $11.5 billion more than the coalition's original forecast.
Property development firm Devwest Group has been given the green light for an $85 million, two-tower commercial and residential project in South Perth.
The Executive Connection has revealed that CEOs and owners from 79 per cent of businesses with a $100 million plus turnover from Western Australia expect sales revenues to increase over the next 12 months, according to its November confidence index.
ThinkSmart shares have shot up 39 per cent upon its announced agreement to sell its Australian and New Zealand businesses to financial services company FlexiGroup for $43 million to shift focus to its operations in the United Kingdom.
Gold prices have slipped after a bipartisan US budget deal soothed fears of a year-end budget crisis, sapping some of the recent investor appetite for the haven asset.
The Australian dollar is lower on expectations that the unemployment rate will edge higher and amid increased expectations that tapering of US economic stimulus will begin soon.
Atlantic chairman and managing director Michael Minosora has predicted a doubling in production volumes this month, as the vanadium and iron ore miner moves toward breakeven on its operating cash flow.
Engineering and construction company VDM Group will look to strengthen its balance sheet through an $18.7 million capital raising, with the company's major shareholder H&H Holdings contributing $9 million to the finance boost.
BHP Billiton is backing the US gas boom to continue and says exports from there could start within three years, which could be bad news for Australia's rival projects.
Retail property in Kalgoorlie-Boulder is reeling from the flow-on effects of the mining services slowdown, with empty shops in the city's historic heart of Hannan Street reaching decades-high level
South Perth-based Alcyone Resources is on the hunt for new investment opportunities after securing a $25 million credit facility with New York investment management firm Platinum Partners.
Cash Converters has acquired four franchised stores in Victoria and one in New South Wales for approximately $4 million dollars, inclusive of $1.8 million in assets, bringing the total number of corporate-owned stores in Australia to 61.
Mining giant Rio Tinto is still trying to find out what caused a toxic spill at its Rossing Uranium mine in Namibia - the company's second major radioactive incident this month.
