Full-time employment in Western Australia has hit a three-year high, as the latest data from the Australian Bureau of Statistics revealed a decline in the state’s jobless rate to 6 per cent in September.
Roger David, which operates eight stores across Perth, is closing down after 76 years of business, with the menswear retailer collapsing in the face of competition from international and online rivals.
Construction of Australia’s first large-scale waste-to-energy facility will start this month in Kwinana after investment groups Macquarie Capital and DIF bought the Phoenix Energy project. Once completed at a cost of $668 million, the Kwinana facility will transform waste treatment in Perth.
Wall Street's major indexes have edged lower in a choppy session after the US Federal Reserve showed broad agreement on the need to raise borrowing costs further, cementing investor concerns that had cause a major sell-off the week before.
Oil prices have fallen with US futures settling below $US70 a barrel for the first time in a month, after US crude stockpiles rose 6.5 million barrels, almost triple what analysts had forecast, while exports dropped.