Spanish-owned contractor Duro Felguera Australia, which is involved in multiple legal disputes arising from its work on big resources projects, has been ordered to set aside $20 million because of concerns it would not be able to pay potential claims.
Oil prices rose for the fourth straight day to hit levels not seen since late 2014, boosted by the latest trouble for Venezuelan oil company PDVSA and the possibility that the United States could re-impose sanctions on Iran.
Gold prices have slipped on Monday, snapping three days of gains as the US dollar index strengthened after last week's soft US jobs data did little to dampen optimism about the world's largest economy.
A former Horizon Power IT manager and his business partner are being investigated by the Corruption and Crime Commission over allegations the pair billed the state-owned company more than $1 million for services provided by a firm they jointly owned.
Western Australia’s automotive industry has continued its good run with strong a sales result in April, which was boosted by a big increase in SUV sales for the month, according to the latest data from the Federal Chamber of Automotive Industries.