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Australia Post has returned to profit despite a record decline in letter volumes.

Decmil Group and Global Construction Services have swung into the red on the back of large write-downs and restructuring costs, but both are upbeat on the year ahead.

Perth-based Ausdrill has been named preferred proponent for a $300 million mining services contract at Toro Gold's Mako project in West Africa.

The Barnett government is in no position to quell union unrest with generous pay deals.

WA hosted 20 major charity bike rides during the past year, collectively raising about $10 million, but the numbers are set to fall.

More than 80 per cent of houses sold in Perth in the year to the end of June went for $400,000 or more, the latest evidence of the difficulties faced by low income earners seeking to own a home.

After a quarter of a century, one of Perth's top planning firms is going back to its roots.

Corporate law firm Gilbert + Tobin has continued its counter-cyclical growth drive, recruiting former Macquarie Capital executive Justin Mannolini as its third new partner this year.

Fleetsu collects and analyses big data streams from various sources to aid asset management, such as the use of vehicles, machinery and equipment.

The Australian share market has opened lower.

Oil prices have risen one per cent on US-Iran military tensions in the Gulf and speculation the US dollar will fall on a monetary policy speech due from the US Federal Reserve chair.

The Australian dollar is slightly lower against the greenback as traders wait for US Federal Reserve chair Janet Yellen to speak at a global central bankers meeting.

Gold has hit four-week lows, under pressure from upbeat US data in the run-up to a speech by Federal Reserve Chair Janet Yellen this week that will be watched for clues on monetary policy.

The latest winners in the EY Entrepreneur of the Year awards have illustrated the diverse potential of the state's economy by developing value-adding businesses in sectors including education, oil and gas, agriculture, and construction.

Recession warning falls on deaf earsThe Turnbull government will blitz the Parliament with budget and economic reform bills next week to maintain the pressure on Labor and

A chemical plant making an ingredient for explosives in the Pilbara is an example of Western Australia's economic diversity, according to Premier Colin Barnett, who predicted manufacturing would undergo growth in the state despite its years of lagging on the east coast.

Resource heavyweights, including Rio Tinto and BHP Billiton, weighed on the Australian share market on Thursday amid another wave of mixed company earnings results.

Perth IT firm Empired has sunk into the red but believes a strong recovery in the second half of the 2016 financial year has put it in a good position for FY17.

A Federal Court ruling that was the first ever assessment of native title compensation in Australia is expected to lead to more claims by Aboriginal groups.

A judgement ordering One Nation senator-elect Rod Culleton and his wife to pay former Wesfarmers director Dick Lester more than $200,000 in damages has been upheld.

Power generation company Pacific Energy has posted solid results for the 2016 financial year, with further growth expected in the year to come.

This week, Reiwa members reported an increase in weekly sales to 563.

ANALYSIS: Balancing WA's trade needs with Australia's broader geopolitical and strategic interests is a challenge for leaders in this state.

Subiaco-based software company K2fly has kicked off its national roadshow in the hopes of raising up to $5 million before a backdoor listing on the ASX, despite a recent shift in market sentiment.

Perth-based Western Areas has dipped into the red with a full-year loss on the back of depressed nickel prices and write-downs.

Marine services company MMA Offshore's net loss has widened to $144 million on the back of a previously flagged impairment and reduced activity in the oil and gas sector.

Nine Entertainment has negotiated its way out of a costly contract to broadcast US TV shows and is refocusing on local content in response to disappointing ratings.

Shares in mining services business Ausdrill surged on the company's return to profitability and a bullish outlook on the year ahead.

Pindan has won the $27.8 million contract for the Warren Health Service redevelopment main works.

Businessman John Poynton has denied interfering in Premier Colin Barnett's leadership of the state government amid an outcry about a poll commissioned by powerful businessmen showing the Liberal Party on track to lose the March election.

Woolworths has slipped to a $1.23 billion full-year loss after a big decline in earnings from its Australian food and drink business and more than $2.6 billion of write-downs.

Diversified miner South32 has slumped to a net loss of $US1.62 billion ($A2.13 billion) in its first full year as a listed company, after taking heavy write-downs in its manganese, coal and alumina operations to reflect the downfall in commodities prices.