The federal government has announced a $50 million emergency fund to address the loss of wildlife during the nation's bushfire season, as more Australian businesses have pledged millions in combined donations.
Rio Tinto has awarded Perth-based engineering company Mondium with a $400 million contract for works at the Western Turner Syncline phase two mine, located in the Pilbara.
Oil fell below $US65 a barrel overnight in its first weekly loss since late November, erasing the week's risk premium added since a US drone strike killed a top Iranian general as investors focused on rising US inventories and other signs of ample supply.
Gold edged higher overnight, and was on track to post a weekly gain for fifth straight week, as fresh sanctions on Iran by the United States stoked uncertainty supporting demand for the bullion.
Woodside Petroleum is set to begin drilling for oil off the coast of Senegal, executing key contracts to begin the first phase of its $US4.2 billion ($6 billion) Sangomar project.
Toyota, Mazda and Suzuki are the latest manufacturers to voluntarily recall cars with the potentially deadly Takata NADI 5-AT airbags, and are offering to buy the vehicles back.
Andrew Young, the former director and founder of collapsed whitegoods distributor Kleenmaid, has been found guilty today on 19 charges involving fraud and insolvent trading.
PODCAST: Mark Beyer and Mark Pownall discuss market jitters, corporate Australia's response to the bushfires, waste-to-energy projects, LNG production, Pluto expansion, a new Perth hotel development, and our special report on the aged care industry.
Tech company Elsight has received commitments to raise $2.9 million from a share placement to Hong Kong-based investors, with the proceeds being used to fast-track sales of its flagship communications platform.
Gerard Matera is helping turn positive sentiment around Aboriginal reconciliation in the business community into genuine change through indigenous-owned building company Marawar.
Virtual reality software firm Vection Technologies has signed a $500,000 deal to create modules for training students and dentists in dental procedures.
The Eyre Highway, the only sealed road linking South Australia and Western Australia, has reopened after it was closed for nearly two weeks due to bushfires.
November's Black Friday sales fueled a better-than-expected monthly retail turnover, but economists are wary of how much of the 0.9 per cent increase would previously have been spent during December.
The Australian share market has broken through its all-time high, with the health care and consumer staples sectors the best performers during morning trade.
Oil prices retreated further overnight, adding to sharp losses in the previous session as the market shifted focus toward rising US crude stocks and away from worries about the conflict between the United States and Iran.
OPINION: WA again stands to be the beneficiary of trouble elsewhere, with local producers of lithium, gold, iron ore and hydrocarbons the likely winners.
Andrew and Nicola Forrest's Minderoo Foundation has committed $70 million to Australia's bushfire response, far exceeding the contributions made by big companies across the country.
Contract Power Group plans to build a new power station at Esperance after Horizon Power awarded the Perth company a 20-year power purchase agreement for the supply of electricity to the town.
Rio Tinto has formed a joint venture with Antipa Minerals after investing $11 million in exploration expenditure for the Citadel copper-gold project, located in the prospective Paterson Province.
Australia's trade surplus widened to $5.8 billion in November, with the 42 per cent increase fuelled by higher mining exports and a likely weakening of domestic demand.
The West African nation of Senegal has authorised its first oil development, the $US4.2 billion Sangomar offshore oil project, operator Woodside Petroleum has announced.
Zinc prices overnight hit the highest point in nearly eight weeks as fears of further Iran-US military escalation eased, while concerns about short-term supplies of the metal, mainly used for galvanising steel, increased.
