INDUSTRY groups have applauded the Reserve Bank of Australia’s decision to cut interest rates for the second time in two months, with the focus turning immediately to the willingness of banks to pass
Coles and Bunnings were the top first-quarter perfomers among Wesfarmers' retail businesses, with the Perth-based conglomerate also reporting weak performances by its Target and Kmart divisions.
The foreign ownership of Western Australia's two coal miners raises concerns about the long-term security of the state's power supplies, Premier Colin Barnett says.