Financial services provider Pioneer Credit has raised $20 million from investors to fund the purchase of a $14 million debt portfolio, with long-term shareholder Banksia Capital selling its 9.75 per cent stake at the same time.
Gold explorer Cardinal Resources has announced plans to raise up to $22.7 million to fund ongoing drilling work at its Namdini project in Ghana, while also putting forward plans to dual-list on the Toronto Stock Exchange.
Two competing subsea cables are set to be built between Perth and Singapore after Vocus Communications finalised construction contracts this week, coinciding with a Telstra-led consortium striking an agreement with the same builder.
Mining giant Rio Tinto has been hit with an additional tax bill of $447 million over a dispute on transfer pricing of commodities to its Singapore marketing hub.
Rising housing risks push banks to raise more capitalAustralia's banks could be forced to raise billions of dollars more capital after the prudential regulator warned t
Oil prices are a shade lower, easing from one-month highs, as support from an outage at the largest UK North Sea oilfield was offset by a surprise increase in US crude inventories to a record high.
Gold has slipped from one-month highs after better-than-expected US jobs data boosted US bond yields and the US dollar but losses were limited after minutes from the Federal Reserve's March policy meeting were released.
The top Western Australian company in this year's Energise accelerator program is developing an ambitious plan for robotic on-site manufacturing of equipment it believes will boost safety and dramatically cut costs at open pit mines.
Bronwyn Barnes has been appointed the new chair of West Perth-based Indiana Resources, on the same day the company went to the Takeovers Panel to fight attempts by a group of shareholders to oust existing directors.
TRG Properties will develop 170 apartments at Claremont Oval, after becoming LandCorp's fourth private sector partner at its Claremont on the Park renewal project.
Perth-based telecommunications company Norwood Systems has tapped the market for nearly $2.1 million to fund ongoing development and commercialisation of its products.
The offshore owners of Hyatt Regency Perth are planning a mammoth redevelopment of the East Perth hotel, with plans lodged for approval for the first stage of a three-tower residential and commercial precinct.
The University of Western Australia will soon be providing students with the option to undertake an online course run by Harvard Business School, under a new collaboration agreement.
Biotech Botanix Pharmaceuticals has raised $7.4 million in a placement of new shares to help it fund the further development of its dermatology products that contain a synthetic form of the cannabis compound, cannabidiol.
Ian Middlemas-chaired coal explorer Paringa Resources has secured a $US20 million ($A26 million) facility to fund ongoing development of its Poplar Grove project in the US.
Perth-based Geopacific Resources has put forward a takeover bid for its joint venture partner, gold-focused Kula Gold, in an all-scrip deal that values the target at about $9.3 million.
The state government's decision to abandon a planned $600 million prison and instead reduce inmate numbers has been criticised by the Liberal opposition, while prison officers have backed the proposal.
The Australian share market is in positive territory in early trade, as investors focus on a bounce in commodities prices, despite a tepid session on Wall street.
Office tenants are favouring properties owned by listed trusts and superannuation funds over private owners, as competition to fill vacant buildings along the terrace intensifies.
Gold prices have risen, hitting a one-month high as the US dollar weakened, but gold retraced gains as US President Donald Trump laid out aggressive plans for infrastructure spending and deregulation.
The Australian dollar is virtually unchanged against its US counterpart after its fall to a three-week low following the Reserve Bank's announcement that it was keeping its interest rate on hold.
