Australian stocks have sunk to their lowest level this year as investors begin to panic over the crisis in Europe after reports of a run on Spanish banks.
US stocks have closed with losses well above one per cent as negative news continued from Europe, with Greece's woes deepening and Spain falling into recession.
Industry has given a lukewarm response to the state budget, with the property sector disappointed, tourism still looking for boosts for struggling regions, while miners were concerned over a lack o
Australia should be the world's biggest exporter of liquefied natural gas by the end of the decade, says the vice president of the world's biggest petroleum company.
The state government has announced plans to put $1.1 billion of Royalties for Regions money into a Future Fund, despite pressure from business groups, which argued the government should focus on th
The head of mining products company Boart Longyear has disputed claims by BHP Billiton that commodity price falls and global economic uncertainty are causing miners to scale back.
The state government has reshaped its capital works program, with more money to be spent on social infrastructure in the city, including a new museum, but less on regional hospitals, ports and road
The creation of a $1.1 billion Future Fund, a major shift in capital works priorities, tax breaks for small business and a slim surplus are the major features of the state government budget announc
When Bob Williams gazes across the Perth city skyline to the CBD's western-most high rise building he is clearly still enthralled with the structure that marks the high and low point for his construction career.
Opposition communications spokesman Malcolm Turnbull says the government's "prejudice" against the private sector left about 35,000 new homes connected to copper instead of fibre cable last year.
Shopping centre owner Perron Group has added to its bulging portfolio, snapping up 50 per cent stakes in Morley Galleria, The Glen in Melbourne and Colonnades in Adelaide from Centro Retail Austral
The ACTU congress has condemned BHP Billiton's safety record after company chairman Jac Nasser slammed Australian labour laws for being too restrictive.
Treasurer Wayne Swan does not perceive a need to update budget forecasts because of recent events in Europe, saying Treasury has already accounted for a bleak outlook.
The building of mines and related infrastructure will continue to underpin the non-home construction sector for the next two years, a survey says. But as the sector surges, skilled workers wil
Greece's exit from the euro zone would not have the same impact on the world as the events that led to the global financial crisis (GFC), the head of Commonwealth Bank says.
Small businesses have emerged winners in Western Australia's budget to be handed down later today, with the government unveiling a $128 million payroll tax rebate.
A public sector union will be checking the West Australian government's 2012/13 budget for signs that services may be compromised because of a planned cutback to government agencies.
US stocks gave up early gains on positive US economic data to sink lower Wednesday as worries over Greece's future in the euro zone hit investor sentiment.
Property fund manager Charter Hall announced today that it has moved to full ownership of 225 St Georges Tce, after buying out co-owner The Wyllie Group for $96 million.
Panoramic Resources has moved a step closer to completing its $40 million takeover of Magma Metals, with the target recommending its shareholders accept the bid.
Perth's industrial land sector is starting to show similar traits to the CBD office market, with sales data over the first four months of 2012 showing a clear contraction in supply.
Environmentalists are angry and commercial fishermen fearful after the federal government revealed plans for expanding oil and gas exploration in Australian waters.
