Carnegie Clean Energy will take a reduced stake in ASX-listed Tag Pacific in exchange for the Perth company’s battery storage and microgrid business, after the parties agreed to remove a $2.2 million cash component from their original deal.
In the latest property deals wrap, Woolworths makes a $27 million sale, while Sirona Capital spin-off Harvis Corp and US private equity firm Black Mountain Metals have leased office space in the Perth CBD.
Federal Labor’s proposed changes to negative gearing and capital gains tax would hit Western Australia’s residential building sector at a time it is already reeling, according to economic modelling commissioned by Master Builders Association.
Oil prices plunged about five per cent overnight to two-month lows as a sell-off in global equity markets raised worries about demand growth and after Saudi Arabia said it could supply more crude quickly if needed, easing concerns ahead of US sanctions on Iran.
Gold rose by a percentage point overnight to its highest level in over three months as the dollar weakened and global stock markets tumbled, with rising political and economic uncertainties adding to bullion's appeal.
Perth does not need to over emphasise economic diversification to revitalise the local economy, but rather embrace its competitive advantages, according to a report released by the Committee for Perth today.
Premier Mark McGowan and StudyPerth chair Rod Jones this morning launched a new strategy to attract international students to Western Australia, with Mr Jones throwing out a challenge to the sector to turn the strategy into action.