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Mining giants BHP Billiton and Rio Tinto have suffered credit rating downgrades but analysts say the move is unlikely to affect the company's ability to borrow.

Pacific Energy has won a contract to build, own and maintain a 14 megawatt power station at Saracen Mineral Holding's Thunderbox gold project near Leinster for an undisclosed sum.

Australia's corporate watchdog has launched an inquiry into TPG Telecom's planned $1.6 billion takeover of iiNet, after saying the deal may lead to a substantial lessening of competition.

The Australian share market has opened higher following a strong lead from Wall Street.

Gold prices rose for a third straight session, bolstered by a softer US dollar and worries over the Greek debt crisis.

The Australian dollar is slightly lower after the US dollar weakened in overnight trade following bullish comments from Japan's central bank governor.

Last week saw a healthy return to sales level seen across May prior to the last long weekend. The 20% increase to 693 puts weekly sales 5% above to the year to date average which now sits at 659.

Oil prices have risen rose solidly for a second day in a row after US data showed declines in crude and gasoline inventories.

The Dow has jumped more than 1.3 per cent as a broad-based rally led by technology and banking shares snapped a week of anaemic trade in US equity markets.

Five national businesses have been awarded contracts to continue the roll-out of the National Broadband Network, with project company nbn saying the new performance-based contracts are a marked departure from past practice.

Tony Abbott reckons it's hard to pay a Sydney mortgage, even on a cabinet minister's pay packet, one day after Treasurer Joe Hockey said Sydney housing was affordable and advised potential first home buyers to get "a good job that pays good money".

The Australian share market has ended a six-day losing streak, buoyed by resources and banking stocks.

West Perth-based trucking company CTI Logistics has acquired an unlisted Sydney-based logistics business with national reach, in exchange for a cash and share package worth $27 million.

The situation in Iraq is rapidly heading towards one of two social and political outcomes, both unpalatable to the West.

Listed Perth company AnaeCo has achieved a significant milestone at its waste-to-energy plant in Shenton Park, with Western Power approving its connection to the electricity grid.

The outlook on Western Australia's AA+ credit rating has been downgraded from stable to negative, with Moody's Investor Services saying the government needs to fortify its commitment to budget improvements.

Ambulance ramping will be banned at three Perth tertiary hospitals from July 1 to cut down on patient waiting time.

Technology company DTI Group has won a contract to supply its video surveillance systems for buses in Cape Town, South Africa, for an undisclosed sum.

Origin Energy will take $150 million in costs out of the business by June next year to defend its position as the nation's largest utility company.

The unemployment rate is expected to have remained steady in May, with job cuts in the coal and iron ore sectors keeping a lid on jobs growth.

Country Arts WA has welcomed a $24 million state funding program announced today in Bunbury as the biggest and most significant investment in arts and culture in regional Australia.

Subiaco-based iron ore explorer Nemex Resources has announced plans to buy all the shares it doesn't already own in Wavefront Biometric Technologies.

Conflict of interest concerns have again been raised about Transport Minister Dean Nalder, this time regarding the contentious $1.6 billion Perth Freight Link.

The Australian share market has opened flat, following a similar lead from Wall Street.

Gold prices rose as European stock markets fell and commodities picked up across the board.

The Australian dollar is slightly higher but flat local job advertisement figures are capping any gains the currency makes.

Wall Street stocks have finished a choppy session little-changed as a big General Electric asset sale offset worries about spiking US treasury yields.

Oil prices have surged as traders girded for a bullish US crude storage report and the government lowered its forecast for American production in the second half of 2015.

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Contractor Central Systems, which is best known for its civil construction works, has taken on the work in progress of collapsed builder Capital Works Constructions.

The share market has extended its horror run despite rising in morning trade, closing weaker for a sixth straight session.

One of Western Australia's top real estate agents, Vivien Yap, has resigned from ACTON Dalkeith Real Estate and is in the process of setting up her own agency in Claremont.