Latest Headlines

The Australian share market has closed slightly higher as investors bide their time ahead of developments in the US and Europe.

Engineering contractor Lycopodium has slashed its full-year net profit forecast and announced a raft of redundancies as it battles to combat strong headwinds in the mining services sector.

The Drumstick and Choc Wedge ice-creams could be about to go the way of iconic Australian brands Victoria Bitter and Victa Lawnmowers and be sold overseas.

A Morley-based importer has enjoyed rapid growth on the back of consumers' shift towards craft-brewed beer, but it hasn't always been smooth sailing.

Australian beer drinkers are shunning traditional brands like VB, Carlton Draught and Crown Lager due to high-end competition and less demand for tap beer.

Gold miner Regis Resources has taken a hit on the ASX after it announced significantly lower production forecasts on the back of flooding at two of its mines.

Developer Sirona Capital says it will press on with plans to redevelop Kings Square in Fremantle, despite the state government seemingly backing out of a commitment to relocate the Department of Ho

Subiaco-based explorer TNG has flagged a potential financing and construction deal with South Korean steel giant POSCO for its Mount Peake vanadium project.

Shares in Perth-based oil and gas explorer Jacka Resources have been hammered in their first trade on the ASX in more than three months.

The Australian share market has opened higher after markets in the United States lifted overnight and iron ore prices stabilised.

Doray Minerals has entered a $4 million farm-in agreement with Alloy Resources to explore the Horse Well Gold project in the north-eastern goldfields.

The Australian dollar is lower after a rally sparked by strong Chinese data fizzled out during the offshore session.

World oil prices slipped on Thursday as dealers took profits from the previous day's bumper gains that were driven by signs of strong US crude demand.

Wall Street stocks have finished higher following mixed US economic data as a closely watched index of small-cap equities outperformed the broader market.

St Andrew's Church on St Georges Terrace will remain closed for the foreseeable future due to structural issues, unless the Uniting Church can secure an anchor tenant for a planned 22-storey office tower.

Western Australian public servants have postponed a planned strike over a new wage deal because talks with the government have become more fruitful since the stopwork threat was made.

The Australian share market has closed higher on signs Chinese manufacturing activity has picked up significantly.

Abbott government plans to tackle climate change, sell assets and slash the public service will come under scrutiny when Senate committees examine the federal budget next week.

Perth-based mineral testing company SGS Australia has been fined $5,500 for failing to properly identify the presence and location of asbestos at one of its worksites.

Perth-based global education provider Navitas has been ranked among the world's most innovative growth companies by leading American business magazine Forbes.

Padbury Mining has appointed Steinepreis Paganin to review the company's corporate governance policies in the wake of its failed equity funding deal to construct a port and rail network at Oakajee.

Perth-based mining explorer MZI Resources says development and operational costs at its Keysbrook mineral sands project will be higher than initially expected.

The launch of a Google-backed driver hire company in Perth has caught Transport Minister Dean Nalder off guard.

Silicon Valley-based online recruitment company 1-Page has outlined plans to launch a backdoor listing on the ASX through mining exploration company Intermet Resources.

Western Australia's nickel miners are celebrating a classic supply-side surprise, which has driven the price of their metal sharply higher; but the same Indonesian government ban on the export of unprocessed nickel ore could soon do the same way for another WA specialty – bauxite.

The share market has made a strong start to trade, with all sectors higher after a positive session on Wall Street.

Woodside Petroleum chief executive Peter Coleman says he needs time to consider options for excess cash after the company's exit from the $US2.5 billion Leviathan project.

The Australian dollar is slightly higher after bouncing from a three week low.

Gold extended losses after minutes from the Federal Reserve's April meeting reinforced the central bank's outlook for a gradually improving economy.

If the 2014 federal budget succeeds in reducing bloated bureaucracies and duplication it will have achieved significant change.

Wall Street stocks have finished with sharp gains following mixed retail sector earnings and Federal Reserve policy meeting minutes that showed little change in policy.

Former Business News 40under40 winner Sally Capp has been appointed to the board of the Commonwealth Business Council.