Brent oil fell while US crude futures steadied overnight as US-China trade tensions persisted, both Chinese and Indian economies showed signs of slowing and news of surging US production undermined OPEC-led output curbs.
Gold retreated to a two-week low overnight as the US dollar recouped losses on stronger-than-expected US economic data, setting bullion on course for its first monthly decline in the last five.
The Housing Industry Association has significantly downgraded its forecast for new house builds in Western Australia for 2019, tipping a decrease of 0.9 per cent, compared to its previous estimate in May of an 11.8 per cent rise.
State government agency VenuesWest and contractor Perth Aluminum Scaffolds have each been fined $90,000 over the death of a worker who fell through a skylight in the roof of HBF Stadium in Mt Claremont.
A worsening of the trade war between the US and China could nearly halve Western Australian growth next financial year, according to Treasurer Ben Wyatt, but he believes a worst-case scenario will be avoided.
The federal government has today announced new and renewed appointments to its Takeovers Panel including Perth-based John McGlue, Shirley In't Veld and Denise McComish.
Civmec has secured a fabrication and assembly contract at BHP's South Flank iron ore project in the Pilbara, taking its total at the project to $48 million.
Bardoc Gold will raise up to $11.3 million via a share placement and rights issue, while Ausgold will raise $1.8 million through a share placement, with both companies to put the funds towards their respective flagship projects.
BGC Australia has deferred indefinitely the sale of its core building materials and construction business because of weak market conditions but is pressing ahead with the sale of its contracting business and property assets.
Regional tours have become a regular fixture on the calendars of Western Australia's biggest arts companies, but ensuring the programs' longevity remains a financial challenge for many.
Hospital operator Ramsay Health Care said it is on track to meet its full-year guidance after lifting first-half profit 9.6 per cent to $270.4 million.
Harvey Norman has lifted first-half profit on a strong performance at its overseas ventures, but sales at the company's Australian franchises were weak.
Shipbuilder Austal has increased its shareholder payout after announcing a two per cent lift in first-half profit on its expanding US Navy and commercial ferry work.
Oil futures jumped more than 2 per cent overnight after US crude inventories unexpectedly plunged and as top OPEC producer Saudi Arabia appeared unfazed by pressure from US President Donald Trump to prevent oil prices from rising.
Gold prices fell to their lowest in nearly two weeks overnight, pressured by a mild revival in the US dollar after comments from the US Trade Representative dampened expectations of a quick resolution to the US-China trade dispute.
Australia's biggest miner Rio Tinto says it will return billions to shareholders, after it recorded a 2 per cent rise in underlying earnings for 2018, to US$8.63 billion ($12.2 billion).
Gina Rinehart's Hancock Prospecting is aiming to further diversify its operations by taking over Sydney-based Riversdale Resources, which is focused on developing a new coal project in Canada.
The federal government should offer Western Australia funding for power storage projects in proportion to its spending in the east, Energy Minister Bill Johnston says, while moves to introduce reserve capacity auctions and retail contestability locally are off his agenda.
A consortium of leading property developers and investors, including Fini Group, Minderoo Group and Linc Property, has today launched a major new industrial estate in Perth, the Roe Highway Logistics Park (RHLP).
Paladin Energy is preparing for a recovery in the uranium market, approving a prefeasibility study to evaluate restarting its Langer Heinrich mine in Namibia.
Tempo has secured a contract with Woolworths estimated to be worth between $20 million and $25 million over a three-year term, with a scope for more works over the contract term worth about $5 million.
Major changes to government policy after the federal election could risk future investment in backfill gas projects, some of which are already quite marginal, according to Shell Australia chair Zoe Yujnovich.
Southern Cross Electrical Engineering has reported a net profit after tax of $4.5 million for the first half of the financial year, a rise of 66 per cent from the prior corresponding period.
