Henderson-based shipbuilder Austal has raised its full-year revenue guidance by $100 million, saying the coronavirus pandemic has had minimal impact on its operations over the past two months.
The Australian share market has opened lower after China went ahead with a controversial national security law for Hong Kong that sets it up for renewed tension with the United States.
Gold pared gains overnight, having risen 1 per cent earlier in the session, pressured by an advance in Wall Street, but escalating tensions between the United States and China kept the bullion supported.
A Wanneroo building tenanted by manufacturing company Klen International has sold for $5.2 million, following a private treaty campaign run by Ray White Commercial.
The state's property market was on the cusp of recovery pre COVID-19 according to CoreLogic, which recorded four consecutive months of Perth dwelling value increases in early 2020 – the longest stretch of capital growth since 2014.
UPDATED: Six more members of the crew on a livestock ship docked in Western Australia have tested positive to the coronavirus, bringing the total to 12.
Unions and businesses have very different views about workplace casualisation, with the Morrison government hoping to square the circle as part of an upcoming industrial relations reform agenda.
A 3.1 per cent contraction of Western Australia's economy is anticipated in the 2021 financial year, following a 5 per cent fall in the current quarter, but Treasurer Ben Wyatt is more optimistic about the pace of recovery than he was two months ago.
The Reserve Bank boss has given his backing to the prime minister's post-COVID economic reform agenda, saying change is needed to help businesses expand, invest, innovate and hire people.
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Veris's technology and communications business has secured new work with BHP and Oz Minerals, as well as a contract with Cubic Defence Australia, totalling $4.3 million.
Emeco Holdings' recently acquired subsidiary Pit N Portal has secured two contracts with Mincor Resources for work on its nickel operations in Western Australia.
Optus says the full-year net profit delivered to its Singaporean parent company Singtel dropped 39 per cent to $402 million as more customers opted for SIM-only phone plans and data price competition intensified.
Oil futures tumbled overnight after US President Donald Trump said he was working on a strong response to China's proposed security law in Hong Kong and as some traders doubted Russia's commitment to deep production cuts.
Gold fell overnight to its lowest price in two weeks as the easing of coronavirus restrictions around the world fed optimism that the global economy could rebound.
The Federal Court in Perth has approved the appointment of interim receivers to the property of Chris Marco, who the corporate watchdog has accused of running a large Ponzi scheme that is deeply in the red.
The Australian share market has been unable to extend its rally into a third day, fading in the late afternoon to close marginally lower despite a stupendous rally by the banking sector.
Melbourne-based Stephen Targett has become chair-elect of banking group Police & Nurses, after Paul Gabb announced he would retire at the company's AGM in November 2020.
The state government has set up an advisory group, with executives from more than 20 businesses and community groups, to provide advice on the impacts of COVID-19 and measures to help economic recovery.
The environmental watchdog has recommended approval for the development of an $85 million gold-copper project in Ravensthorpe, wholly owned by ACH Global's mining business.
