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The state government is looking at new ways to stoke tourism-related development on Western Australia's coastline, with the Abrolhos Islands and Coral Bay identified as priority areas.

Qantas has cancelled its direct Perth-to-Johannesburg service after agreeing with carrier South African Airways to terminate its code share agreement.

Calibre Group's maintenance and construction subsidiary, G&S Engineering Services, has been awarded new and extended work on the Hay Point Coal terminal expansion for BHP Billiton Mitsubishi Al

In this week's edition of Business News Background, head of content Mark Pownall and news editor Mark Beyer discuss the top stories, including the Aquila takeover drama, the long-awaited restoratio

Australian stocks have fallen to a two month low as escalating tension in Iraq caused heavy falls on Wall Street.

Nexus Energy hopes its gas projects will continue to operate despite the company appointing administrators after shareholders rejected Seven Group's takeover bid.

The Australian dollar has hit a one month high, extending its gains after the release of solid employment figures.

Wall Street stocks have fallen decisively on escalating violence in Iraq that pushed US oil prices to their highest level in nearly nine months.

Oil prices leapt to their highest level in nearly nine months on Thursday, on rising concerns that turmoil in Iraq will disrupt Middle East supplies.

Labor can't face the challenges ahead if the party remains focused on bitter battles and disputes of the past.

The Australian sharemarket has closed lower due to weakness in resources stocks and negative overseas leads.

Nexus Energy appears headed for voluntary administration after shareholders almost certainly rejected a takeover by Kerry Stokes's Seven Group Holdings.

ASX-listed law firm Shine Corporate has expanded its presence in Western Australia with the acquisition of a local personal injury litigator.

Perth company Emmerson Resources has entered into a joint venture agreement with Evolution Mining for the exploration of gold and copper deposits at the Tennant Creek mineral field.

Quickflix shareholders have rejected a move, led by a US-based investment fund, to oust three company directors including chief executive and co-founder Stephen Langsford.

If stock market and property prices are to be believed, the international financial world is back to where it was seven years ago, which either means good times have returned or we are exactly where we were just before the 2008 GFC.

Government policy is forcing a shift in thinking for shopping centre developers.

Qantas has paid off $450 million in debt eight months early, leaving less debt to be repayed in the coming year.

Australia's jobless rate has remained steady, with the number of people dropping out of the labour market offsetting a fall in how many people are employed.

Emerald Oil & Gas intends to raise about $5.7 million through a placement to sophisticated investor clients of Perth stockbroking firm Euroz.

Mineral Resources announced today that it plans to use its 12 per cent stake in Aquila Resources to push for a role building and operating the proposed $7 billion West Pilbara iron ore project.

Western Australian Senator Michaelia Cash has defended the government's paid parental leave scheme as several Nationals senators say they will vote against it.

The share market has opened lower due to negative offshore leads and a downgrade to global economic growth forecasts.

The Australian dollar rose above 94 US cents after the Reserve Bank of New Zealand increased its cash rate.

The size of Canberra's bureaucracy and government financial support for some lobby groups can no longer be justified.

The Dow has snapped a four-day streak of record highs in a US equity retreat attributed in part to a shock Republican primary election and profit taking.

Oil prices finished somewhat higher following an unexpectedly large decline in US crude supplies and worsening turmoil in Iraq.

Nexus Energy shareholders have rejected Seven Group Holdings' $26.6 million takeover after the final proxy voting results were confirmed late yesterday.

Developers keen to get a slice of the Perth City Link are being sought by the Metropolitan Redevelopment Authority, which has placed a pair of key vacant lots on the market.

The Western Australian Industrial Relations Commission has decided to increase the full time adult minimum wage and state awards by $20 per week.

The Australian share market has closed slightly lower as a weaker resources sector and low consumer confidence weighed on sentiment.

West Africa-focused explorer Minbos Resources is seeking to raise $1.7 million to pay down debts, renew exploration licences and progress the sale of its Kanzi phosphate project in the Democratic R