The Commonwealth Bank of Australia is the first bank to pass on some of the central bank's rate cut, lowering its standard variable home loan rate by 58 basis points.
The takeover tussle for Incremental Petroleum Ltd could be extended after the corporate watchdog asked bidder Cooper Energy Ltd to extend its deadline that it thought was final.
United States company Cleveland Cliffs has ended its takeover of iron ore miner Portman Ltd with a 99.27 per cent interest, boosted by acceptances to its offer and on-market purchases.
Gindalbie Metals Ltd plans to raise $162 million through a share placement to Chinese project partner AnSteel to cover its final payment towards the $1.8 billion Karara iron ore joint venture.
Mines and Petroleum Minister Norman Moore has not given up hope the state can still benefit from Inpex's multi-billion dollar Ichthys liquefied natural gas facility.
Consumer watchdog Choice has today launched a campaign to find an alternative buyer for BankWest, which has accepted a $2.1 billion takeover from the Commonwealth Bank of Australia.
Shares in Atlas Iron Ltd have jumped over 30 per cent on news the miner is on the verge of signing a long-term off-take deal as it sells its first iron ore shipment from its Pilbara project.
Mount Gibson Iron Ltd has entered into several offtake deals with two Hong Kong listed companies, one a major shareholder, as it plans a $162 million capital raising that is fully underwritten.
Despite the current economic climate, engineering firm VDM Group Ltd is planning to expand its services into the United Arab Emirates as it scraps plans for some smaller acquisitions.
Subicao-based Kintore Resources Ltd is aiming to list on Australian market by mid-December after opening its $5 million initial public offer this week.
The future of embattled technology developer Structural Monitoring plc rests on its $3.8 million rights issue to shareholders, as the company's cash reserves dwindle.
Metallurgical testing firm Ammtec Ltd does not expect to sell its 68 per cent interest in a US company anytime soon as a $29 million deal to offload the interest falls through.
Takeover target Perilya Ltd said an update on resources at its downsized Broken Hill lead and zinc mine could "significantly" extend the mine's life, based on conservative metals prices, beyond the previously advised three years.
The Western Australian housing market is tipped to bottom out this December quarter as new homes sales during September jumped 19.5 per cent, however Perth remains the worst performer in property values.
The Chamber of Commerce and Industry WA and the Chamber of Minerals and Energy say the federal government's economic modelling of its proposed emissions trading scheme has confirmed their concerns about the scheme and its impact on the state.
The state government has announced that two major departments will be restructured and split into three, as part of its plan for improving project approvals and delivering more clarity for business.
The once hot commodity, phosphate, appears to be affected by the global meltdown with miner Phosphate Resources Ltd today saying it has had a "sharp and marked" slowdown in demand from its Asian markets.
Nickel miner Mincor Resources Ltd has downgraded its annual nickel production target following an operational review in light of the plummeting nickel price.
The instability of the global financial markets has prompted West Perth-based Albidon Ltd to defer most aspects of the bankable feasibility study on its Chirundu uranium joint venture.
Moly Mines Ltd says it will instigate a "concerted" cost reduction program across all its activities to conserve cash, as it successfully draws down the remainder of its $US150 million ($A220 million) interim facility.
West Perth-based miner Kagara Ltd expects to save some $70 million this financial year as it releases details from its review of operations and expenditure following a plunge in commodity prices.
A projected one quarter delay for the start up of the Boddington gold project has blown out Newmont Mining Ltd's share of the capital cost of the operation to up to $2.8 billion.
The Gosnells Hotel, the Carine Glades Tavern and Cottesloe's Albion Hotel are just some of the state properties identified by Compass Hotel Group Ltd for redevelopment in a bid to boost rental income and operating revenues.
The state opposition has called the Liberal government insensitive after Premier Colin Barnett confirmed he was considering scrapping plans to name the new Northbridge theatre after actor Heath Ledger.
In a bid to shore up funds amidst the global meltdown, Perth-based Eden Energy Ltd has agreed to sell three of its subsidiaries to an Australian-listed company for some $2 million in shares.
