Australia’s major banks are under mounting pressure today, with a draft report from the Productivity Commission raising doubts about competition levels as regulators apply more scrutiny to three of the 'big four'.
The state government has announced the formation of a development committee to guide three key projects in Bunbury, with Bunbury Chamber of Commerce and Industries president David Kerr and The Apprentice and Traineeship Company chief executive Stan Liaros among those selected for the committee.
Improved margins on live cattle voyages have helped agribusiness Wellard reduce its net loss after tax for the first half of the financial year to $7.5 million, nearly 60 per cent lower than the previous corresponding period.
The Australian dollar has crept a little higher against its US counterpart the day after global equity markets plunged amid widespread sell-offs that wiped out $US4 trillion in value - $66 billion of it off Australian shares.
Oil has fallen for a third day as the US dollar rose to its highest in more than a week in the wake of a sharp sell-off on Wall Street and other stock markets, a global rout that wiped out $US4 trillion ($A5.1 trillion) in value.
Gold prices have fallen one per cent to a 2-1/2-week low, as investors focused on expectations for higher US interest rates, even as US stock markets swung wildly in both directions a day after the Dow and SP 500 indexes tumbled.
The state’s automotive industry got off to a positive start in 2018 with a rise in new vehicle sales for January, compared to last year, on the back of increased SUV and light commercial vehicle sales.
A new state government advisory body to improve analysis and transparency of major projects, Infrastructure WA, will begin work next year, according to Premier Mark McGowan, who launched a draft plan for its establishment today.