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A planned backdoor listing by technology company Yatango, which was backed by top-shelf advisers and boasted iiNet founder Michael Malone as one of its directors, has fallen through after being hit by tough market conditions and a run-in with the corporate regulator.

Following its recent currency devaluation, a more competitive China should prove to be a good thing for Western Australia's export industries, but there will be some pain in achieving that possible future benefit because no-one knows how other countries will react to the China surprise.

A contentious large-scale residential development site at Moore River has come to market, with the 2,099-hectare parcel expected to draw significant international interest.

New Telstra boss Andy Penn has committed to do whatever it takes to maintain the telco's dominance of the Australian mobile market against a resurgent threat from rivals.

Local explorer NSL Consolidated has tapped one of its foreign investors for a $5 million loan to fund construction of its phase two Kurnool iron ore wet plant in India.

Fitzroy Resources has announced plans to wholly acquire Californian technology company 4D-S, in a backdoor listing valued at about $7.7 million.

The Australian share market has opened higher, as markets start to shrug off negativity over China's currency devaluations.

Oil prices have edged up from six-year lows as US oil supplies declined and the dollar retreated.

This week REIWA members reported the total number of sales are up to 632 an increase of 1 per cent on the previous week.

Gold rose for a fifth session in a row on Wednesday, hitting a fresh three-week high as the dollar and global equities slid on concerns over China's devaluation of its currency.

US stocks have finished mostly higher as an afternoon rally led by Apple and energy equities overcame early weakness on fears about an economic slowdown in China.

The Australian dollar is one US cent higher, as traders start to see the positive side of China's currency devaluations.

Shares in local gold miner Millennium Minerals closed 13.7 per cent higher today on news it had increased its projected gold production by 11 per cent while lowering costs.

Western Power has reported a substantial reduction in operating expenditure for the third year in succession, and says it is on target to deliver $1.4 billion in savings across its current five-year access arrangement.

The Australian sharemarket has closed sharply lower after China's currency devaluation helped pull back resources stocks, and the Commonwealth Bank's capital raising weighed on the other big banks.

The Abbott government has been hurt by a failure to take a stand on politicians' entitlements.

A report by the auditor general has found the state government's Pilbara Underground Power Project will cost nearly double the original estimate and be completed six years behind schedule because of poor planning and management.

Wage growth has remained at a record low for a second quarter, led by continuing fallout from the mining slowdown, but with pain across all industries and states.

Telstra shareholders hoping for another $1 billion windfall from the company this year could be disappointed as the telco funnels cash towards new acquisitions and its mobile network.

Business News 2015 Rising Stars winner International Maritime Services has won a $2.7 million contract to provide its services to a United Arab Emirates-based vessel over a one-year term.

There's been a small victory in the push for the release of documents about the contentious Perth Freight Link project, which Labor claims has a "cone of silence" surrounding it.

Bankwest has announced an 11 per cent rise in cash net profit to $752 million for the year to June 30, while its parent company Commonwealth Bank of Australia unveiled a record $9.15 billion cash profit.

The Australian share market has opened lower.

Businesses that fail to adapt to a changing marketplace are doomed to fail.

Perth apartment sales have remained surprisingly strong despite widespread reports of a slowdown by developers and real estate agents across the sector.

US oil prices have sunk to their lowest level in more than six years after a surprise currency devaluation in China raised worries about the world's second-biggest economy.

US stocks have fallen sharply after China unexpectedly devalued its currency, as Apple, General Motors and other companies heavily exposed to China dropped.

The Australian dollar has lost more than one US cent after China made the surprise decision to devalue its currency by almost two per cent.

Gold has risen to a three-week high as global stocks fall, and investors assess the impact of China's nearly two per cent devaluation of its currency and move to prop up its economy.

Indonesia has doubled its import permits for Australian cattle in the September quarter, after last month cutting such permits by 80 per cent.

The Australian share market has closed lower, with the banking sector down ahead of the biggest bank's, the Commonwealth, full year results on Wednesday.

Crown Perth has stamped its claim as the state's best hotel, taking home a swag of prizes at the Australian Hotels Association's accommodation industry awards last night.