The acquisition of Coles has boosted Wesfarmers' ranking in the top 250 retailers in the world, according to the Deloitte 2009 Global Power of Retailing report.
The state opposition is calling on the government to be open and honest about its 3 per cent budget cuts as the planned $93 million Northbridge-based police complex is delayed.
One of China's largest banks has given its approval to a $1.8 billion loan to Gindalbie Metals' Karara iron ore joint venture following completion of due diligence.
Wall Street closed narrowly mixed yesterday as investors began to worry about the weakening global economy, a poor start to the corporate earnings season and the health of ailing banking giant Citigroup, the Australian newspaper has reported.
Despite a low cash balance, Perth-based 3D Resources says it has sufficient funds to meet its obligations as its managing director steps down and the company suspends all exploration activity.
Sundance Resources is part of a consortium selected to construct and operate an iron ore export terminal in Cameroon which is expected to become a major shipping hub that will service the company's Mbalam iron ore project.
Extension of gas pipeline to preserve Kimberley; Chinese mills seek long-term offtake agreements in WA; Rudd IR changes 'a threat to WA'; Demand dive savages iron exports; PM told to hasten tax cuts
International Goldfields has finalised its terms of a proposed $60 million merger with Nkwe Platinum, in a move that will consolidate both stocks' platinum tenements in South Africa.
Perth-based Coal of Africa has appointed Morgan Stanley & Co and Evolution Securities as joint brokers as it prepares to list on the London Stock Exchange.
Neptune Marine Services has completed its $11 million acquisition of Aberdeen-based Subsea Engineering Services, a specialist provider of subsea consultancy and project services to the oil and gas industry.
China warms to a flexible ore price; Miners push for right to use strike-breakers; Morgan Stanley and Citi in merger talks; Lifeline for Babcock & Brown; Rudd told to ease up on public service
Suitor TransAtlantic has revealed a small fraction of Incremental Petroleum shareholders have accepted its takeover offer while its chairman has spent close to $16 million buying shares.
C@ has ceased the employment of all executive personnel and terminated the lease on its East Perth warehouse as it drops its $70 million acquisition of a carbon capture project.
Macquarie braces for rare profit fall as deals dry up; $1.8bn rort stuns big Australians; Layoffs loom in building industry; Trujillo puts $2bn tag on broadband loss; China pushes for quick round of ore price talks
Some 21 per cent of Mount Gibson Iron shareholders have participated in a $96.5 million rights issue, with the remaining shares to be taken up by APAC Resources and Shougang Concord.
Takeover target Perilya says it has lodged its "concerns" to market and corporate watchdogs over suitor CBH Resources' response to a $45 million placement to a Chinese company.
Perth-based oil and gas explorer Otto Energy plans to start drilling the Santa Rosa tenements in Argentina in June this year after the approval of a near $6 million exploration budget.
Fortescue Metals Group has reached its targeted 15 million tonne shipment for 2008 while it was 1 per cent shy of its mining goal at its Cloudbreak mine in the Pilbara.
Equinox Minerals has hit a hurdle with its offtake partners over its Lumwana copper mine in Zambia as it puts its uranium project on the backburner and prepares for a court hearing over power supply.
Building approvals in Western Australia have slumped 30 per cent in November to levels not last seen in nearly eight years, as a lack of credit and economic uncertainty stopped investors from buying property, economists say.
The directors of WA listed company Fusion Resources have accepted Paladin Energy's takeover offer, with the uranium miner boosting its interest in the minnow to over 28 per cent.
Iron ore hopeful Brockman Resources has appointed UBS Investment Bank as its corporate advisor to help capitalise on the current global market conditions and assess business opportunities.
The market capitalisation of Western Australian listed companies remained steady at $75 billion in December but was down by over $100 billion on the same period last year, according to the latest Deloitte WA Index.
Miner CBH Resources has slammed the board of its takeover target Perilya over the recommendation to shareholders to approve a $45 million share placement to a Chinese company.
Shares in engineering and construction firm Clough have skyrocketed 60 per cent in trade today on hopes its previously terminated contract for work on the Reindeer gas field will be resurrected.
ASIC probes 'missing millions'; Banks pocketing rate cuts - business; Funds fear they may be sold short; Leighton slashes earnings forecast; Cloud on car sales
