US crude oil prices have risen for the first time in five days, while Brent has dropped amid worries about global supplies ahead of the weekly US petroleum inventories report.
Mining industry leaders are now more bullish than last year, according to research by Newport Consulting, but most are still not optimistic about their growth prospects going forward.
Gold has firmed but remains near five-and-a-half-year lows as markets brace for this week's Federal Reserve meeting, at which policymakers are expected to give further clues on the timing of a US rate increase.
Payroll tax is costing Western Australian businesses more than $2,700 per employee on the back of strong wages growth in the state during the past decade, according to a report released today.
Shares in Perth-based African oil explorer Pura Vida Energy took a hit today, dropping more than 50 per cent after it advised that a key exploration well in Morocco had produced disappointing results.
Perth-based ICT and cloud services company Zetta Group has secured a multimillion dollar contract with Western Power to provide end-user computing support to its staff.
West Perth-based miner Base Resources closed the day up 4.5 per cent to 11.5 cents a share after its quarterly report announced record sales volumes across all its products.
Mining boss Andrew Forrest says he's not particularly concerned about sagging Chinese equities markets, despite the slump sparking worries about growth in the world's second biggest economy.
Perth-based medical cannabis company Phytotech Medical has completed its $20.7 million merger with Canada-based firm MMJ Bioscience and raised $4.8 million in an oversubscribed placement to sophisticated investors.
Oil prices have slumped for a fourth straight day as the steepest drop in Chinese equities since 2007 fuelled fresh fears about reduced demand in the world's top energy consumer.
Spot gold has lost ground, moving closer to last week's five-and-a-half- year lows below $USUS1,100 per ounce, with expectations for a near-term US interest rate hike seen keeping momentum firmly with the bears.
Two Western Australian firms have been among the first round of companies awarded federal grants in the ‘Accelerating Commercialisation' entrepreneurs program.
With science increasingly giving hydraulic stimulation, or ‘fracking', the thumbs up, the practice could be used to unlock enormous amounts of tight gas in WA.
The big miners have led the way as the Australian share market recovered from early jitters to end a run of three straight losses and close the day higher.
The National Australia Bank has joined the Commonwealth Bank and ANZ Bank in raising the interest rates it charges property investors, following measures announced by the banking regulator.
