The state government will take a maximum stake of 25 per cent in homes under the revamped First Start shared equity scheme which this week received a $70 million lifeline.
Markets fret over Fed recession fears; WA growth to shrink: Buswell; Hundreds left angry as Opes Prime is wound up; No riding China's back: Rio; Banks urged to pass on cheaper borrowing costs
THE global financial crisis has had a big impact on two energy projects off Western Australia's northern coast, with Coogee Resources and Nexus Energy both putting out 'for sale' signs this month.
GLOBAL share markets have entered a netherworld that no-one working in the finance industry has ever experienced before, unless they were alive in the 1930s.
AUSTRALIA is safeguarded from the worst of the global financial markets because of the strength of the nation's big four banks, according to KPMG partner Kevin Smout.
WESTERN Australia's seemingly unstoppable supremacy on top of the stock exchange leader board has taken a battering over the past year, with a significant percentage of the state's mining and resources groups finding themselves in the crosshairs of worrie
PLUNGING international stock markets have been the most visible manifestation of the global financial crisis of the past month, but an equally worrying trend has occurred in debt markets.
THE country's banking sector has been the focus of intense scrutiny over the past few months as the global financial turmoil casts light on potential targets.
A REVIEW of the export market development grant scheme highlights the difficulties exporters in Western Australia face when seeking funds from this primary source of assistance.
Subiaco-based Richfield Group Ltd plans to raise $2 million through a non-renounceable entitlements issue, with funds to go towards working capital and exploration expenditure.
Perth-based Axiom Properties Ltd has refinanced its Port Geographe residential subdivision project with St George Bank, which will provide a $100 million construction finance solution.
Iluka Resources Ltd, the world's biggest zircon producer, has increased its profit outlook for the full year after a fall in the Australian dollar and higher commodity prices as it plans to take one of its kilns out of production.
The decline in world investment markets has dented Perth-based wealth management company Plan B Group Ltd's funds under management, administration or advice.
The $10.4bn giveaway; Europe unites in $2.8 trillion shock and awe blitz on cash crisis; Base metals bounce as bailouts inject new hope; Credit crunch crimps broadband plan; Top lender falls into line with rates cut
Shares in Wesfarmers Ltd surged as much as 10 per cent today as the company assured investors it was confident it would be able to repay $1.26 billion worth of debt due in less than a year.
The Australian bourse has clocked up its best two-day gain in over 33 years after the market closed four per cent higher, following the biggest point gain ever on Wall Street and news of the federal government's $10.4 billion economic stimulus package.
The cost for Moly Mines Ltd's Spinifex project in the Pilbara has risen from $1.1 billion to $1.26 billion following the inclusion of costs for a power station after a deal with an infrastructure company fell through.
Investors have slashed the share price of Perth-based Avanco Resources Ltd after it came out of a three-month trading halt on news that it plans to raise over $2 million.
Perth-based explorer Arafura Resources Ltd has accepted a $20 million loan from US-based investment fund YA Global Investments for the progression of the feasibility study into its Nolans rare earth-phosphate project.
The sale of BankWest to the Commonwealth Bank of Australia is not expected to be impacted by the bailout of embattled parent company HBOS plc, which has accepted a $22 billion rescue package from the UK government.
The corporate watchdog has started legal proceedings against accounting firm KPMG over its role in the collapsed Westpoint Group, where alleged negligent auditing claims are in the order of $200 million.
Shares in West Perth-based Bass Metals Ltd have jumped 45 per cent on news of record sales from the company's Que River mine and a $3 million cash injection.
Shares in West Perth-based Altera Resources Ltd have been placed into a trading halt, pending the announcement relating to its $13 million acquisition of an underground coal gasification firm.
Fortescue Metals Group Ltd has appointed former Cape Lambert Iron Ore Ltd chairman Ian Burston and former Oxiana chief executive Owen Hegarty to its board.
Banks anchored against storm; Resources slump blow to earnings; Rio lawyers threaten striking drivers; Fortescue eyes new port with mining giant's rail; Westoz sells 6.9pc into Cooper bid
The numerous assurances that Australia is well-placed to ride out the financial storm have not stopped panicky investors from fleeing the market, with the benchmark indices hemorrhaging over 15 per cent in the past week alone.
The stock market carnage over the past year has seen the value of Western Australia's blue chip stocks cut by half from their peak value while other stocks have been smashed to as little as 10 per cent of their top price.
