Perth property investor Stephen Lauder and Jandakot City developer Ascot Capital have completed their second joint venture purchase, with the $65 million acquisition of a serviced apartments building in Canberra.
Property developer Peet has entered into an agreement for a $1.7 billion development in the Australian Capital Territory to construct up to 3,300 units and townhouses on the campus of the University of Canberra.
Precast concrete manufacturer PERMAcast has recruited former Bis Industries boss Chris Berkefeld as its new chairman, following the retirement of founding director Grey Egerton-Warburton.
Gold has steadied as a firmer tone to the US dollar has held gains in check, though silver extended gains to an 11-month peak, boosted by technical momentum and perceptions it is undervalued versus gold.
Oil prices have jumped as government data showed US crude stocks rose slightly less than expected last week, while the US dollar advanced against the euro ahead of a European Central Bank meeting.
Wall Street ended less than two per cent short of a record-high close as a rebound in oil prices added to optimism sparked by a raft of earnings reports.
March quarter revenue was down by nearly a third on the same period last year, Woodside Petroleum revealed today, although it flagged that it was continuing work with Hess on gas processing from the Equus field.
Perth will host the opening Commonwealth Bank Test in November, with Australia to take on South Africa at the WACA Ground - the first time Perth has had the opening Test of the summer since it hosted Zimbabwe in 2003.
Perth-based junior miners MOD Resources, Primary Gold and Alloy Resources have announced plans to raise a combined $10.4 million to fund ongoing work at their respective projects
Major construction works at the new independent public secondary school Fremantle College is set to be performed by Perkins Builders under a $22.9 million contract.
Australia's corporate regulator will have a new commissioner with a special focus on prosecutions in the financial sector as part of a boost to its capabilities and funding.
BHP Billiton has cut its iron ore production target for the second time this year, on account of lower expected output at its operations in the Pilbara.
Gold rose as much as two per cent, silver hit a 10-month high and platinum climbed to its highest in six months, as the US dollar weakened after US data came in below forecasts.
