West Texas Intermediate (WTI) crude has fallen from the highest closing price in two weeks amid slowing economic growth and weaker industrial output in China, the world's second-biggest oil consume
Royal Dutch Shell has announced it will sell its minority stake in Chevron's Wheatstone liquefied natural gas project and a related joint venture to the Kuwait Foreign Petroleum Exploration Company for $US1.13 billion.
Finbar Group has repositioned its stalled Port Hedland apartment project, announcing today that it has obtained ministerial approval to build more than 700 apartments in a 10-storey tower near the town centre.
Wolf Minerals has announced a substantial increase in capital and operating costs for its Hemerdon tungsten and tin project in England, which is now budgeted to cost $230 million to develop.
Blackham Resources shares are up 44 per cent after the minerals explorer agreed to pay $2 million for the Wiluna gold plant in Western Australia from the receivers of Apex Minerals.
SPECIAL REPORT: The past 12 months have been tough for WA's corporate finance professionals, but there is cautious optimism that 2014 will be a different story.
One of Asia's largest real estate companies is looking to capture more of Perth's business travel market with a rebranding of its central city serviced apartments.
Wesfarmers is set to acquire a coal development licence worth $70 million from Peabody Energy, in a purchase which the company says will boost its total coal reserves by about 29 per cent.
Paladin Energy managing director John Borshoff says the company's $US190 million sale of a minority stake in its Langer Heinrich mine vindicates a decision to walk away from sale negotiations last year.
Sino-Australian investment house ASF Group will become the single largest shareholder in Perth-based Key Petroleum after agreeing to a 19.9 per cent placement of Key shares as the company expands its interests in Canning Basin oil and gas plays.
The Australian dollar has hit fresh three-and-a-half-year lows amid concerns over China's shadow banking sector and growing strength in the US economy.
American Express's solid earnings has helped pushed the Dow higher but the broader market has fallen after a mixed batch of corporate earnings and economic reports.
Moly Mines has announced another boardroom shakeup in the wake of the arrest in Hong Kong earlier this week of one of the company's major shareholder's senior executives.
An independent committee may have taken more than a year to review the Liquor Control Act and recommended 141 changes, but industry participants are skeptical over whether it will herald any business benefits.
Two Western Australian businesses are seeking to join the electricity retail market currently dominated by Synergy and the handful of companies licensed to sell to businesses using more than 50-meg
