Latest Headlines

Perth Stadium on track for goals

Perth Stadium chief executive Mike McKenna expects to attract a crowd of 50,000 for its first football game, featuring the AFLW Fremantle Dockers, he told a Business News Success & Leadership breakfast this morning.

Shares close 4pts lower

The share market recovered most of the ground lost in a poor start to the day but has still closed marginally lower, as weaker iron ore prices weighed on the mining sector.

State aims for 50% women on boards

The state government has set itself the target of increasing the number of women appointed to its boards, committees and advisory bodies to 50 per cent by 2019, though it has a long way to go before hitting gender equality at its major trading enterprises.

WA considers minimum price on alcohol

The state government is considering enforcing a floor price on takeaway booze to stop people getting drunk on cheap alcohol, but the opposition says it is a cost impost on households and red tape burden on businesses.

Transport noise policy revamp

Striking a balance between transport corridors and urban development is the main objective of a revised planning policy that aims to mitigate road and rail noise for new residential projects.

Liar loans symptomatic of poor home loan practices

ANALYSIS: If a full-blown mortgage crisis were to hit Australia, it will have been brought about by mismanagement at all stages of the home-loan process.

ACCC concerned regulations boost big banks

The competition watchdog has expressed concern that big four bank profits are being boosted by regulation rather than the lenders' own performance.

WA venues win national awards

Four Perth hotels and hospitality businesses, including Fraser Suites and the State Buildings, have been named best in their field at the annual Australian Hotels Association National Awards for Excellence.

Seven Group buys out Coates Hire

Kerry Stokes' Seven Group Holdings has announced it will buy the remaining half of its stake in equipment hire company, Coates Hire, for $517 million.

Remuneration boost for Goyder, Mackenzie

Wesfarmers managing director Richard Goyder landed a $12.1 million pay packet in his final full year in charge of the Coles and Bunnings operator, while BHP Billiton chief executive Andrew Mackenzie also lifted his total income, but he remained a long way short of the Perth businessman.

Aust shares open lower

The Australian market has opened weaker with falls across most sectors as investors wait for the outcome of the two-day US Federal Reserve policy meeting.

Morning Headlines

Iron ore has peaked and so has China production, says RBA

$A follows US stocks higher

The Australian dollar has followed US stocks higher as as investors stayed away from making major bets ahead of the Federal Reserve's policy meeting.

Oil prices back away from recent highs

Oil prices ended lower on Tuesday, retreating from near five-month highs ahead of a meeting between key oil producers on the outlook for further supply cuts.

Gold prices rise as greenback retreats

Gold rose from the previous day's two-week low as the US dollar slipped ahead of a Federal Reserve meeting that is expected to provide more clues on the pace of US monetary tightening.

Cheeky Monkey on board Singapore Airlines flights

Margaret River's Cheeky Monkey Brewery Co is celebrating today with news Singapore Airlines will offer its locally brewed craft beer on business class flights between Perth and Singapore.

Karratha opposes new Fifo camp

The City of Karratha has strongly opposed Woodside Petroleum’s plans for a 700-bed fly-in, fly-out camp, but the final decision rests with Planning and Lands Minister Rita Saffioti, who is playing her cards close to her chest.

Perth property down 8.8% in three years

Perth residential property prices fell 0.8 per cent in the June quarter, to be down 3.1 per cent across the financial year, according to data released by the Australian Bureau of Statistics today.

Freo AFLW team scores Perth Stadium spot

The Fremantle Dockers women’s team will play the first football game of any code at Perth Stadium next year in what is tipped to be the biggest standalone women’s sport event held in Australia.

City retail strip to become student accommodation

The new owner of 335 Wellington Street, home to the Wellington Surplus Stores for 75 years, has lodged an application with the City of Perth to build a $70 million student accommodation building.

Shares up 25.6pts

The Australian share market has closed higher as investors rotate from the mining sector into the big banks as expectations of interest rate hikes strengthen.

Juniors in $26m of deals

Six local resources companies have announced capital raisings of around $26 million for projects including in lithium and rare earths, with one of the businesses, Okapi Resources, planning to join the ASX bourse.

Targeted tech funding vital

OPINION: While the dollar amounts are small, the recent state budget contained some positive news for startups and the tech sector.

ACCC tells car makers to lift their game

The consumer watchdog says some car manufacturers could be breaching Australian consumer law by leaving dealers high and dry over customer complaints.

TPG boosts profit, warns of NBN pressures

Shares in TPG Telecom have soared after the fourth-ranked internet player beat its earnings forecast and delivered a 9 per cent lift in full-year profit.

Wellard to start shipping cattle to China

Shares in Australia's biggest cattle exporter, Wellard, have surged after the company agreed terms for its long-awaited first shipment of beef cattle to China.

Ten creditors vote in favour of CBS bid

Ten Network creditors have voted to accept CBS's bid for the embattled broadcaster, rejecting a rival proposal from Bruce Gordon and Lachlan Murdoch.

Aust shares open higher

The Australian share market has opened higher, with broad-based gains, after US markets lifted to further record highs.

$A is sharply down against $US

The Australian dollar is sharply lower against its US counterpart as the greenback strengthened despite little major news to drive it.