Latest Headlines

The administrators of Gascoyne Resources have recommended creditors support a deed of company arrangement (DOCA) that includes a capital raising targeting up to $80 million and a potential full return to unsecured creditors.

Franchisor Joyce Corporation has sold its remaining stake in Lloyds Online Auctions for $3.8 million to an entity controlled by Lloyds director Steven Sarkis.

Westpac has sold its remaining 9.5 per cent stake in fund manager Pendal Group for about $185.4 million.

GR Engineering Services has received a letter of intent from Silver Lake Resources to complete $23 million in upgrade works at the Deflector gold-copper operation in Western Australia.

Australia's competition regulator says it will not oppose a planned merger between mortgage aggregators Australian Finance Group and Connective, despite holding previous concerns around competition.

Shares in Gage Roads Brewing Company are up after the company reported a strong sales recovery in May and June, due to COVID-19 restrictions easing more quickly than expected.

Collie mining company Griffin Coal has been fined $210,000 and ordered to pay $23,000 in costs over a workplace fatality in 2018.

The number of Western Australians looking for jobs surpassed 100,000 in May, as the state posted the highest unemployment rate in the nation, while a further 67,600 left the labour force.

Perth's real estate leaders say the residential property market is shaping up to be more resilient to pandemic-induced fluctuations than initially anticipated.

The ASX has fallen more than half a percentage point in early trade due to rising coronavirus cases in parts of the US and Beijing.

Mint board ‘ignored graft advice'

Oil prices settled lower overnight on fuel demand worries due to an uptick in coronavirus cases, with emerging hotspots in China and the United States, and as US crude stocks grew again, taking commercial inventories to another all-time high.

Gold prices were little changed overnight, buoyed by concerns over a second coronavirus wave and expectations that the US Federal Reserve would maintain low interest rates in the near term, while a firm dollar put a lid on gains.

Moving to a flexible price for rooftop solar output will help alleviate pressure on the grid from increasing uptake of the panels, according to a new report, and could be used instead of subsidy schemes currently proposed.

An Aboriginal group that gets most of its funding from BHP Nickel West has launched a Federal Court claim it says will guide compensation negotiations with native title holders across the country.

The ASX has closed higher for a second day, closing just under 6,000 despite the heavyweight mining sector losing ground.

Traditional owners who were devastated by Rio Tinto's destruction of ancient rock shelters in the Pilbara say they are trying to restore their fractured relationship but question the sincerity of the company's apology.

The ASX has closed higher for a second day, closing just under 6,000 despite the heavyweight mining sector losing ground.

Former bureaucrat Paul Whyte has pleaded guilty to more than 500 charges stemming from Western Australia's biggest public sector theft.

Building a supercomputing facility in Australia to rival the world's biggest is among DUG Technology founder Matt Lamont's ambitious goals, to which end the company has announced a $26 million initial public offering.

The soon-to-be-opened Western Australian Museum is being fitted out, with more than 30 local artists and companies being contracted to deliver multimedia, films, graphics, audio tracks and interactive experiences for the eight galleries. Click through for images of the fitout.

Grange Development Consulting has unveiled plans to transform a site on Stirling Highway into an 80-apartment project, the group's second proposal on the highway following its controversial application for the Chellingworth Motors site in Nedlands.

IGO has struck another farm-in deal in the Fraser Range, agreeing to fund exploration at Matsa Resources' Symons Hill nickel project, with the potential to secure a 70 per cent stake over the next three years.

BHP has hired biotech CSL's finance boss, David Lamont, who will return to the mining giant.

Low oil prices and their effect on LNG is unwelcome news for project development and jobs in WA.

The new Westin resort planned for Margaret River joins a wave of hotel developments taking shape across the state worth more than $500 million.

New laws to overhaul Western Australia's much-criticised unpaid fines regime have been passed by the state's parliament.

The Australian share market has crept almost half a percentage point higher in early trade after US indices climbed on a record jump in retail sales and the prospect of more economic stimulus.

Fortescue zeroes in on new emissions targets

Oil prices rose 3 per cent in volatile trade overnight as Wall Street surged and the International Energy Agency (IEA) increased its oil demand forecast for 2020, but gains were capped by worries about a second wave of coronavirus cases.

Gold edged up overnight as concerns over a fresh coronavirus outbreak in China countered a surge on Wall Street driven by a record rise in US retail sales and optimism over a COVID-19 drug.

The Town of Cambridge has launched legal proceedings against Local Government Minister David Templeman, on the same day it had been due to respond to the minister's ‘show cause' notice.