Iron ore shipments contributed more than $45 billion to the Western Australian economy in the 12 months to June, a figure well down on last year, according to BNiQ, despite a pick-up in volumes by the state's major producers.
At yesterday's WA Innovation Summit, put together for new Innovation Minister Bill Marmion, 250 invited guests came up with plans on how best to spend the newly allocated $20 million of innovation funds.
Tempo Australia has expanded its service offering with the acquisition of local electrical, telecom and data communications contractor Cablelogic for an undisclosed sum.
Marine services company MMA Offshore has flagged a $140 million impairment in its upcoming FY16 results, with the majority of the charge attributed to its vessel fleet.
US stocks mostly rose in anticipation of results from tech heavyweights Alphabet and Amazon, while the yen eased after Reuters reported the Bank of Japan was considering expanding monetary stimulus to address signs of weak inflation.
Oil prices have fallen nearly two per cent, hitting April lows and with US crude headed for its biggest monthly loss in a year, on growing worries that the world was pumping more crude than needed.
Gold has turned lower after hitting a two-week peak as the US dollar pared losses and US stocks climbed from their lows ahead of a possible Bank of Japan announcement to expand monetary stimulus on Friday.
Gold miner Barrick Gold today announced its intention to sell its 50 per cent stake in Kalgoorlie's iconic Super Pit, which is Western Australia's second largest gold mine.
Motoring, travel, retirement and financial services group Royal Automobile Club of WA is understood to have sold part of its aged care homes services business to Sydney-based Quadrant Private Equity.
Blackham Resources managing director Bryan Dixon has flagged plans to boost production at the miner's Wiluna gold plant, as its shares lifted 10 per cent today.
Power generation company Pacific Energy has won an eight-year contract extension to continue providing services at St Barbara's Gwalia gold mine in Leonora.
Telstra will be challenged to replace all earnings lost to the National Broadband Network when the rollout of the NBN is completed, says credit ratings agency Moody's.
Not for profit MercyCare will boost its residential aged care services with the acquisition of privately-owned Belrose Care Group for an undisclosed sum.
TransAlta Corporation has had a small win in the Supreme Court after successfully defending an entitlements claim by Monadelphous Group, but the engineering firm is still pursuing about $33 million from a joint venture comprising a Pilbara-based subsidiary of the Canadian power utility and DPB Development Group.
The City to Surf has become an iconic WA event over the past 42 years but its status as the state's largest charity run is under threat from a relatively new event that employs a very different business model.
Digital entertainment system business Swift Networks has won a contract to provide its services to Rio Tinto's Jerriwah Village near Tom Price, for an undisclosed sum.
Investor chat forum HotCopper is aiming to list on the ASX in September after lodging a prospectus that reveals a big sell-down by existing shareholders and an expected loss in the current financial year, and makes no mention of outgoing managing director Greg D'Arcy.
Virgin Australia will post an annual loss of $224.7 million due to the impairments and charges it expects to record from its plans to position the airline for future profitability.
WAIITA Incite startup of the year Family Zone is Techboard's top trending startup for this fortnight, after launching a $4.5 million IPO and capturing significant mindshare as a result.
Only 14 per cent of Western Australian small businesses are supportive of the state government's policies, while they're less confident about the economy than in any other state, according to the latest quarterly survey by marketing group Sensis.
The Australian dollar has gained some ground after the US dollar weakened on signs the Federal Reserve is not ready to lift interest rates in September.
