Defence has reduced an $8.58 million contract with Indigenous-owned engineering firm DDR Australia by nearly 95 per cent, shelving plans for a permanent water treatment plant designed to remove tox
US stocks have recovered from early losses to close slightly higher, with the S&P 500 bouncing from a two-week low as a global bond sell-off reversed course after sending US Treasury yields to multi-decade highs.
Australia's share market has erased almost $60 billion in value in a day as soaring bond yields foreshadow higher global borrowing costs, hammering cyclical stocks.
Mounting risks and imbalances in the global environment overshadow assurances about the resilience of the domestic financial system, according to the central bank.
Volt Resources chief executive Prashant Chintawar says he is encouraged by inaugural production undertaken by its Ukrainian subsidiary, Zavaliesky Graphite.
Three industrial properties in Perth's south have been snapped up in quick succession, while investment activity in the area heats up with plans steaming ahead to prepare for Westport and the Henderson Defence Precinct.
Administrators of a western suburbs' pharmacy have stopped the company's directors from backing out of a deed associated with a funding arrangement of $2.8 million.
Locksley Resources chair Bevan Tarratt says the junior will be shifting its focus away from antimony in FY27, following a strategic review of its assets.
A suite of new police powers and resources costing $11.5 million to manage the Land Forces defence industry exhibition in Perth came into effect on Thursday, five days ahead of the event beginning.
Perth-based engineering firm Chironix has inked a $13.6 million deal with the US Navy to develop technology that helps autonomous vehicles safely evacuate injured personnel from the battlefield.
Biotech founder John Barrington has recently been busy in the property sector, spending $9.5 million on an apartment in Crawley and putting his Jutland Parade home on the market.
The anti-corruption watchdog has found serious misconduct over almost $12 million of local government spending after an investigation into a shire senior officer.
Woodside Energy chief executive Liz Westcott has doubled down on the oil and gas giant's commitment to sponsoring the Fremantle Dockers, despite mounting backlash against the 15-year-long deal.
An Albany marina retail and hospitality development to be built by Great Southern Seafoods is close to getting the green light after project hurdles and construction cost hikes.
Australia's mining, energy and water industries continue to pay the lion's share of corporate tax despite low commodity prices contributing to a more than $8 billion drop in total takings for the Australian Tax Office.
Lynas Rare Earths has inked a $968 million deal to acquire Meteoric Resources, the owner of the largest known ionic clay rare earths resource outside China.
The Nasdaq has climbed and the S&P 500 dipped, but both indices notched their second straight quarterly gains, as a softer-than-anticipated inflation reading cooled expectations that Federal Reserve policy makers will hike rates in October.
Australian shares have had their strongest session since early August after lower-than-feared inflation figures tempered concerns of further imminent interest rate hikes.
H-U has received an assessment panel's unanimous approval for its $44 million residential development in Nedlands, as part of a larger precinct in progress.