Gold prices have declined as investors remained upbeat about an eventual resolution to the US budget impasse that has kept the federal government shut down for four days.
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Prime Minister Tony Abbott says there will be issues negotiating with Clive Palmer and his senators, and has fired a warning shot across the bow of the Titanic II developer.
The declaration of the official senate result in Western Australia has been postponed while the electoral commissioner decides whether to grant an appeal by Greens senator Scott Ludlam and allow a
Fertiliser producer Yara Pilbara has committed more than $50 million towards housing its growing workforce in Karratha as it works towards opening an $800 million ammonium nitrate plant.
The Australian share market has closed lower as investors become increasingly concerned that the budget impasse in the United States may lead to the US defaulting on its debts.
Tourism Western Australia is boosting marketing campaigns to increase the number of visitors to the state but the Tourism Council's new president says limited resources are hampering its efforts.
Western Australia's gold sector is rallying against a potential increase in royalty rates, saying such a move would significantly hurt country towns as well as local producers of the precious metal.
Toro Energy has received approval from the Foreign Investment Review Board for its $37 million acquisition of the Lake Maitland uranium project in central Western Australia.
Australian stocks are weaker as investors grow increasingly concerned about the US government shutdown and the possibility the country will end up defaulting on its debt.
Gold has ended lower, but futures pared earlier losses as weaker US economic data helped offset pressure from investors looking to lock in recent gains.
US stocks have suffered hefty losses as the partial government shutdown dragged through a third day and worries climbed that the budget battle could escalate into a debt default.
The Brian Gilberston-led Jupiter Mines plans to seek a delisting of its shares from the Australian Securities Exchange, after its major shareholder lifted its stake in the business.
The past year has been tough for listed WA companies looking to raise funds but a lift in activity during the past three months has the industry cautiously optimistic.
The sale of 16 private businesses worth an estimated $500 million helped to sustain activity in what was otherwise a depressed market for mergers and acquisitions in the September quarter in Western Australia.
The institutional buy-up of Western Australia's shopping centres continued this week when one of Australia's best performing sub-regional centres, Bunbury Forum, was sold for $143 million to Challenger Life.
Strength in resources and banking stocks has pushed the Australian share market higher despite the continuation of a US Congressional stand-off over budget negotiations.
The resources boom is not over and the sector is entering a new export growth phase that will deliver Australia "serious money", Industry Minister Ian Macfarlane says.
