Crude oil prices have slumped nearly 4 per cent to their lowest close in seven months, hit by an unexpected large build in petrol inventories and an international outlook that suggests a big increase in supply in the coming year.
Gold has turned negative after the Federal Reserve increased interest rates but was less dovish than expected following a two-day meeting, and the US dollar sharply pared its losses against a basket of major currencies.
Perth Lord Mayor Lisa Scaffidi has admitted there are inaccuracies in her statement submitted to the State Administrative Tribunal, which is holding a hearing to determine her penalty for breaching local government laws.
Engineering company Wood Group has won a $US6 million ($A7.9 million) contract to provide its services to Woodside Petroleum's Greater Western Flank project in the North West Shelf.
Independence Group has announced plans to sell its Stockman copper-zinc project in Victoria for $47.2 million in cash and royalty payments, but will record a $20 million impairment on the project.
Clive Palmer has dismissed the gathering of CITIC Pacific Mining employees outside the Supreme Court of Western Australia this morning, ahead of the start of the trial between his private company Mineralogy and Citic over royalties, as a ‘Chinese tactic'.
The WA Industrial Relations Commission has ruled that the state's minimum wage should increase by 2.3 per cent, one week after the Fair Work Commission lifted award rates applying nationally by 3.3 perc ent.
Ten Network Holdings' newly appointed administrators have pledged to keep the business running as they decide its future, saying they are confident of either rebuilding the broadcaster's finances or finding a willing buyer.
The Australian share market has lifted to its highest level in a month in early trade, with gains in all sectors except miners following tech stock-led gains on Wall Street overnight.
Coalition in revolt over climate fixMalcolm Turnbull has been hit with a stronger than anticipated backlash over plans to introduce a clean energy target in a battle th
Oil prices have settled higher after OPEC detailed supply cuts around the world, but the cartel also said overall production rose in May, and crude stayed well below $US50 a barrel despite the modest recovery.
Gold has turned slightly higher, as the market awaits signals of future monetary tightening by the US Federal Reserve and a Senate panel's questioning of Attorney General Jeff Sessions about his dealings with Russian officials.
The state government has bowed to public pressure and dumped plans to move Perth's only academically selective school to a high-rise city building in favour of constructing another secondary school on a park in Subiaco.
An Osborne Park-based recruitment technology company focused on the education sector has announced plans to list on the ASX through the reverse takeover of Aquaint Capital Holdings.
OPINION: Western Australia has always been different to the rest of the nation, and not often to its advantage, as the ongoing dispute over the GST demonstrates.
Norway-based investment bank Pareto Securities has completed its first major Australian deal, as sole manager of a $US100 million ($A133 million) bond issue announced today by Pilbara Minerals.
Prominent local businesswoman Samantha Tough has been named chair of ASX-listed 3D printing firm Aurora Labs, adding to her long list of board positions.
Ten Network must find new financiers or face the possibility of going into administration after billionaire shareholders Lachlan Murdoch and Bruce Gordon refused to back a new funding deal for the loss-making commercial free-to-air broadcaster.
Monadelphous Group has won a contract to complete cryogenic tanks at the Ichthys LNG project in Darwin – the same job that Laing O'Rourke walked away from in March.
House price hopePerth's property market has bottomed out, according to some of the industry's biggest names, who are optimistic about a recovery over the next year.
