News

Forrest in position for tilt at nickel miner

The local share market has now lost ground for two straight weeks after closing down 0.8 per cent on the day, and 0.9 per cent on the week.

Attorney-General Mark Dreyfus has announced the government will abolish the Administrative Appeals Tribunal.

NAB says higher inflation, rising interest rates and slower growth are starting to affect both businesses and consumers.

Next year is shaping up as a much tougher economic period amid growing fears of a global recession.

Listed gold miners in Gascoyne's data room

A series of cash rate hikes by the central bank has not dented Australia's job market, with unemployment in WA at 3.5 per cent.

Australian shares have fallen after the US Federal Reserve quashed hopes for a Santa rally when announcing its final rate hike of 2022.

An energy relief package for households and businesses that caps the price of gas has passed parliament.

Three years after being named WA's Innovator of the Year, crane technology company Roborigger is getting commercial traction.

Webuild primed for Clough projects

The local share market has advanced 0.7 per cent after a softer-than-expected inflation readout in the US ahead of the final Fed meeting of 2022.

Australia's multi-billion-dollar pipeline of new highways, railway upgrades and other projects is under threat from rising costs and acute labour shortages.

UPDATE: Administrators for Clough have found a new buyer in Webuild, the company that pulled out of a lifeline deal to save the Perth engineer just over a week ago.

Woolworths has raised $636 million in a selldown of shares in alcohol retailer, hotel and poker machine operator Endeavour Group.

Costs and labour shortages burden WA companies

The local bourse has clawed back most of Monday's losses as traders await more US inflation data that will be released in the wee hours.

The eighth interest rate hike in a row has been met with indifference by consumers, with households likely banking on a pause at the next Reserve Bank meeting.

Gas plan threat to investments

Mitsui E&P Australia and Beach Energy say subcontractors working for Clough on the Waitsia gas project have been paid.

Fresh from the $1 billion sale of Perth-founded Nearmap, Rob Newman has mused on what makes a successful tech hub.

The ASX has started on a weak note, losing 0.45 per cent ahead of a busy period of economic data and central bank meetings.

The ASX has started the week on a weak note, with most sectors down at noon ahead of a busy week of economic data and central bank meetings.

The treasurer says Australia could miss out if it doesn't act fast to improve the conditions for environmentally-conscious investors.

Chalmers takes aim at ‘greenwashing'

The local share market has finished Friday 0.5 per cent higher, but three midweek days of losses made this its worst week since late October.

Clough's administrators say they have fielded “multiple enquiries” from interested suitors after securing short-term funding to pay workers on projects caught up in the Perth engineer's collapse.

Perdaman delays $6.2bn green light after Clough's collapse

The local share market has fallen by 0.75 per cent to an almost three-week low, with gold gaining and oil hitting its lowest level since early January.

Swiss multinational Glencore is reviewing how its plan for a new $2 billion coal mine in central Queensland fits with its aims to cut emissions to net zero.

Remote energy funding demand

The state's economy grew 0.6 per cent in the three months to September, despite a fall in business investment.