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Treasurer Jim Chalmers says the government is closely monitoring the situation in China, where a wave of COVID-19 infections is sweeping through the country.

Rich Listers ride global resources bonanza

Hoyts has bought three venues from Grand Cinemas and administrators mulling options for two remaining venues weeks after the longstanding Perth business went under.

The latest headlines from Business News including the AusGroup sale, Clough negotiations and a new bar proposed for Northbridge.

Everyone at Business News would like to thank you for your support during 2022 and wish you a Merry Christmas and a safe and happy New Year.

The local share market has closed 0.6 per cent lower with nearly all sectors in the red, and lost a similar amount for the week.

New leadership is in store for the Pilbara Ports Authority after Ports Minister Rita Saffioti announced the appointment of a new chief executive.

The looming phase-out of the merino-dominated live sheep export trade may hit WA producers.

UPDATED: France's Altrad Services has become one of the largest maintenance and construction contractors in WA after buying Perth-based AGC from its debt-laden parent AusGroup.

Administrators have granted Clough's proposed new owner Webuild an extension to pin down a final agreement for the sale, allowing more time to negotiate and potentially take on more projects.

Advertising services provider Motio is set to acquire two of Australia-wide media company oOh!media's advertising channels for $2.35 million.

APM Human Services has secured a further $200 million debt facility, taking its total debt to over $1 billion, after entering a series of acquisitions.

The owners and operators of Lucky Chan's and Dutch Trading Co have set their eyes on a vacant Northbridge building for their next multi-level hospitality venture.

European Lithium has signed a U$15 million deal with automotive manufacture BMW to supply its first batch of battery grade lithium.

WA needs a forward-looking and long-term approach to sustainable regional development.

Is there a better way to meet the expectations of all citizens?

A 12-month cap on the price of gas has begun as part of the federal government's energy relief measures agreed by state and territory leaders.

Crackdown puts gas on backburner

The latest headlines from Business News including WA's Auditor General, an ASIC investigation, Minderoo Foundation and IGO.

Western Australia's legal bill in fighting mining magnate Clive Palmer's defamation lawsuit against Premier Mark McGowan has been calculated to be more than $2 million.

The local share market has advanced for a second day, rising 0.5 per cent with nearly every sector in the green.

Perth-headquartered mining companies Perenti and NRW Holdings have locked in contracts valued at more than $500 million.

International mining technology provider Datamine has snapped up Perth-based mining compliance company LandTrack Systems.

CPS Capital managing director Jason Peterson is seeking damages from Fairfax Media over an article published by the national news group that he claims is defamatory.

A report into 123 state government entities' financial audits has raised concerns about serious deficiencies and greater exposure to fraud, the Auditor General says.

Frankfurt-headquartered Air Liquide Engineering and Construction has won a major contract from Woodside Energy to design and manufacture liquification equipment at its proposed project in Oklahoma.

Rare earths developer Northern Minerals has appointed two Perth contractors for its proposed beneficiation plant at Browns Range in Carnarvon.

A former ASX-listed mining company director has pleaded guilty over alleged misuse of bridging finance by authorising a transfer of $915,000 when the business was in financial difficulty.

The Reserve Bank needs to take on board the lessons learnt from its poorly communicated forward guidance, a parliamentary committee has found.

Minderoo Foundation has set new donation target of $1 million to support the build of WA's first children's hospice.

An unintended consequence of the scheme is that it makes a raft of public expenditure more visible.

IGO's flagship is back up and running after a fire forced the miner to shut down operations at the site for several weeks, but the downtime is expected to put a dent in December production.