Treasurer Ben Wyatt has signalled he won't be bullied by the gold mining industry, which is opposing royalty rate hikes that were unveiled in the state budget.
In this Business News podcast Mark Pownall and Mark Beyer discuss the state budget, contractor collapses, Lisa Scaffidi, advertising industry, ageing population and corporate wellness.
Junior explorer Peel Mining has announced plans to spin-off its Apollo Hill gold project near Leonora into a new company and list it on the ASX by way of an initial public offering.
Australia's financial sector regulator has appointed three panel members to inquire into the Commonwealth Bank of Australia's governance, culture and accountability.
Western Australians paid nearly $90 billion more in taxes to the federal government than they received in spending in the four years to June 2016, according to estimates revealed by the Department of Treasury in yesterday’s budget.
The Australian dollar is sharply higher against its US counterpart and well above the 80 US cent mark after European Central Bank commentary failed to announce any tapering of its bond-purchasing program.
Gold prices have risen to a one-year peak after the US dollar tumbled on the back of weak US jobs data and an unchanged growth and inflation outlook from the European Central Bank.
The state government has budgeted for a $169 million stamp duty windfall from a single ‘property’ transaction, the latest in a string of large deals that have boosted its coffers.
Western Australia’s net debt is set for further big increases over the next three years before coming down slightly once the government’s budget returns to surplus in 2020-21.
Despite a good start to the session, the Australian share market has closed steady as investors worry about the possibility of another North Korean missile test on Saturday, the anniversary of the country's founding.
It was 20 years’ ago this month that Perth’s two largest law firms surprised the business community by merging their operations. Herbert Smith Freehills hosted many of the 50-plus partners who were there at the time to mark the occasion.
Gold miners have warned of devastating consequences from a higher royalty rate, including potential mine closures, while business groups have also taken aim at proposed payroll tax hikes for larger employers, after both were targeted in a $1 billion revenue grab by the state government in today’s budget.
UPDATED: Lisa Scaffidi has stood down from her duties as Perth's lord mayor, pending an appeal against her 18-month disqualification from holding office for repeatedly failing to disclose gifts and travel, but plans to retain the title and her annual allowance.
Poseidon Nickel is in discussions with Empire Resources for the processing of gold ore at its mothballed Black Swan processing facility near Kalgoorlie, while Empire has secured two loan deals to help pay for essential mining costs.
The Australian dollar has crept higher against its US counterpart, recouping a little of its loss following weaker-than-expected economic growth figures and gains in the greenback.
Oil prices have risen more than per cent as strong global refining margins and the reopening of US Gulf Coast refineries provided a more bullish outlook after sharp drops due to Hurricane Harvey.
Gold prices have fallen from the one-year high hit in the previous session as concerns over a potential US government shutdown eased and the dollar rose against the safe-haven yen.
Fogarty Wine Group’s Margaret River Vintners business has expanded its operations, taking on the Evans & Tate brand and assets, the Smithbrook and Pemberton Estate vineyards, and buying the Amadeus vineyard at Wilyabrup
Hungry Jack’s will replace Bankwest on the West Coast Eagles’ jerseys next year, returning to the team it sponsored for 25 years until it was bumped by Bankwest in 2012.
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