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Former prime minister Malcolm Fraser has died at the age of 84.

The Australian share market has edged slightly lower as fresh falls in oil prices dragged on the energy and materials sectors.

Oil and gas producer Woodside Petroleum has successfully restarted production at its Pluto liquefied natural gas (LNG) plant in north Western Australia.

The crude oil market has given back much of its Federal Reserve-sparked rally, with prices sinking back on the reality of continued high supplies and a strong dollar.

The Australian dollar is one US cent weaker as traders pile back into the greenback.

Gold has pared gains from a two-week high, clinging to short-covering gains despite the US dollar's recovery after a more-cautious-than-expected interest rate statement from the US Federal Reserve.

The Dow and S&P 500 have given back some of their gains from the prior session, while the Nasdaq edged up closer to 5,000.

Despite the deteriorating budget position, WA's Nationals won't hear of a review of their signature policy.

Electronics retailer Dick Smith is cutting about 80 jobs as part of a restructure that aims to rein-in costs and improve its supply chain.

The share market has enjoyed its best day since Christmas as it rode a growing wave of expectation of a Reserve Bank rate cut.

Construction contractors Laing O'Rourke and AECOM have been selected to build the train station and associated railway infrastructure at the new Perth Stadium, in a deal worth $100 million.

With one foot in a Doc Martens boot and the other in a Vans sneaker, the owner of The Athlete's Foot is stepping into new territory.

It might be bold to suggest that Andrew Forrest consider a career change, but as his fortune shrinks and as his iron ore business struggles in a flooded market, there is a nickel deal to be done that could be a lot more fun than playing the role of fading star.

The Sarich Neuroscience Research Institute in Nedlands has moved a step closer towards development, with a construction contractor appointed to build the facility.

Woodside Petroleum terminated the contracts of eight employees last year, mostly the result of fraud-related incidents, according to its latest sustainable development report.

Doray Minerals has appointed PCF Capital Group as adviser as the company plans to secure funding for the construction and development of its Deflector gold-copper project near Geraldton.

Mines and Petroleum Minister Bill Marmion says Queensland's looming ban on mining uranium is an opportunity for Western Australia to capitalise on mining the nuclear fuel ore.

Western Australian iron ore producer Karara Mining has cut 15 per cent of its workforce at its mine and port operations and head office in Perth following the continued fall of commodity prices.

Western Australian teachers have accepted the state government's pay rise offer, with the education minister labelling the deal a win for common sense and financial responsibility.

The share market has opened higher on growing expectations of a Reserve Bank interest rate cut.

Apartment developer Finbar Group is sharpening its focus on South Perth, buying another development site on which it plans to construct a $60 million, 56-apartment complex.

New Myer chief executive Richard Umbers says the department store group has lost relevance with customers, suffering a 23 per cent slide in its first-half profit and downgraded its full-year guidance.

Wall Street stocks have surged after the Federal Reserve trimmed its US economic forecast and signalled a cautious approach to raising interest rates.

The Australian dollar has surged by two-and-a-half US cents after the US Federal Reserve surprised financial markets with weaker American growth forecasts, before falling back.

World oil prices have jumped as a cautious Federal Reserve statement offset data showing a big increase in US crude inventories.

Gold prices have surged more than two per cent, on track for the biggest rally since January after the Federal Reserve signalled a more cautious outlook for US economic growth, and the US dollar tumbled.

Reported sales activity is showing some volatility with last week's 26% rebound turning to a 10% fall this week.

Global technology company Cisco has announced plans to invest $US15 million over five years in an ‘internet of everything' innovation centre in Australia, with locations at Curtin University in Bentley and in Sydney.

Perth's first Night Noodle Markets will open at Perth Cultural Centre tonight, marking the start of the City of Perth's Eat Drink Perth festival and becoming the latest addition to the city's burge

Pindan Capital has boosted its investment portfolio with the $18.4 million purchase of the Australian Federal Police Building at Perth Airport.

Biotech company Admedus has initiated a capital raising comprising a placement and rights issue, with the hope of generating up to $28 million to fund ongoing development of various health care programs.