Flooding has closed Western Power’s Wellington Street office indefinitely, displacing workers as the utility prepares for a peak period across the state’s main electricity grid.

Business News

21.12.2024

Battery trains’ Pilbara debut pushed back

The Pilbara’s iron ore miners have been left waiting longer than expected for their emissions-busting battery electric locomotives to arrive.

Business News

21.12.2024

Lester Group hits out at govt spend

The Nedlands property fund manager says it has not proceeded with recent major construction projects because build costs have been pushed too high.

Business News

20.12.2024

Wesfarmers to sell Coregas

Wesfarmers will sell gas supplier Coregas to a subsidiary of Japanese conglomerate Nippon Sanso Holdings Corporation for $770 million, subject to ACCC and FIRB approval.

Business News

20.12.2024

VGW exits Nevada

Laurence Escalante’s Virtual Gaming World will cease operations in Nevada from April next year, amid ongoing regulatory scrutiny across the US.

Business News

20.12.2024

Trump’s tariffs to come at a cost

OPINION: US tariffs on its neighbours could create opportunities for Australian produce amid likely market distruption.

Business News

20.12.2024

Labor ahead, but Lib donor surprise

The WA Liberal Party has made more from donations this financial year than WA Labor, but levies and union fees have the latter’s coffers well ahead in the lead up to the state election.

Business News

20.12.2024

Goodbye may make MinRes a good buy

OPINION: Chris Ellison’s mea culpa may not protect him from future criticism or prosecution, but it seems investors still have faith in Mineral Resources.

Business News

20.12.2024

Australian shares plunge again, hitting 100-day low

The ASX200 has dropped 1.2 per cent to finish the week down 2.8 per cent, its second-worst weekly performance of 2024.

Business News

20.12.2024

At Close of Business podcast December 20 2024

Nadia Budihardjo and Claire Tyrrell discuss WA's large format retail sector.

Business News

20.12.2024

Perenti books $185m worth of contracts

Listed contractor Perenti has won $185 million worth of work from Roy Hill, Focus Minerals and Rox Resources through its underground mining and drilling divisions.

Business News

20.12.2024

Govt funds Collie magnesium plant

The state government has poured in more funding towards Collie’s transition from coal-powered to green energy, as workers reportedly received bonuses over the upcoming station closures.

Business News

20.12.2024

ATCO builds Exmouth defence camp

Early work is underway on a $660 million Department of Defence infrastructure program at Exmouth’s Learmonth airbase, with ATCO subcontracted to build an initial worker’s camp.

Business News

19.12.2024

Orthocell seeks FDA nod

Orthocell has submitted its application for US Food and Drug Administration approval for its Remplir nerve regeneration product, marking another moment in a year full of milestones.

Business News

19.12.2024

Aldi’s Nedlands plan in limbo

A proposal to build an Aldi in Nedlands is in limbo after a development assessment panel was unable to decide on the $12 million plan.

Business News

19.12.2024

Tetra Pak moves on Murray

The Swedish firm and local manufacturer C4C Packaging will build a food and beverage packaging facility south of Perth.

Business News

19.12.2024

Barings buys Joondalup Square

The $74 million deal represents the biggest large format retail transaction nationally this year.

Business News

19.12.2024

GenusPlus, Lycopodium notch contracts

Belmont-based contractor GenusPlus has notched a $140 million contract from an east coast electricity distributor for work on a renewable energy project in New South Wales.

Business News

19.12.2024

Emirates serves up a treat with the A350

Emirates has taken delivery of its first of 65 Airbus A350-900s, the aircraft that will replace early model Boeing 777s, as the Dubai-based airline targets growth.

Business News

19.12.2024

No mucking around at Tomfoolery

REVIEW: It’s serious business producing value-for-money, easy-drinking wines for Australia’s long, hot summers.

Business News

19.12.2024

Patriot gains Volkswagen backing

Volkswagen will spend $77 million to acquire a stake in Ken Brinsden-steered Patriot Battery Metals and become the Canadian lithium aspirant’s first customer.

Business News

19.12.2024

At Close of Business podcast December 19 2024

Sam Jones and Tom Zaunmayr discuss Bankwest's transition to the Commonwealth Bank banner.

Business News

19.12.2024

Reserve power benchmark to climb 57pc

The Economic Regulation Authority has ticked off a 57 per cent increase to the benchmark reserve capacity price for electricity producers supporting the state’s main grid from 2027.

Business News

18.12.2024

Solar project win for Perth-based Monford

East Perth-based Monford Group has been appointed principal engineering, procurement and construction contractor at the $250 million Glenellan solar farm in New South Wales.

Business News

18.12.2024

Meta in record breaking privacy payout

Australian Facebook users could be entitled to part of a $50 million payout from parent company Meta over the 2018 Cambridge Analytica scandal.

Business News

18.12.2024

StartupWA calls for $100m commitment

Members of WA’s start up community are calling for a $100 million commitment to extend the New Industries Fund beyond 2025, warning a failure to do so risked WA falling behind other states.

Business News

18.12.2024

Pearl preference drives Banfields

Broome’s Banfield family traded sheep and wheat for a different type of farming, and hasn’t looked back.

Business News

18.12.2024

Otranto touts green iron to ease budget woes

Falling commodity prices and growing budget deficits should provide the impetus for Australia to build a green iron industry, according to the boss of Fortescue Metals.

Business News

18.12.2024

Tapping into campus talent

Universities’ $750 million spend on consultancies and professional services last year has raised questions.

Business News

18.12.2024

Community school celebrates 50 years

Moerlina School is known for the alternative classroom model it has operated for half a century.

Business News

18.12.2024

Deficits dig deeper holes as cracks appear in budget

Australia is on track for a soft economic landing despite budget deficits set to widen as spending grows and tax receipts fall, Treasurer Jim Chalmers says.

Business News

18.12.2024

Australian shares flat as focus turns to Fed meeting

The ASX200 closed little changed as US central bankers began deliberating on whether to cut interest rates one final time in 2024.

Business News

18.12.2024

Dawson’s evergreen in garden sector

Nursery and retail centre owner has proved its resilience for more than 120 years.

Business News

17.12.2024

Pilbara Challenge proves success for DermR

A novel skin cancer diagnosis tool which was a finalist in Pilbara Health Challenge has been validated for the first time in humans, meaning skin biopsies could become a thing of the past.

Business News

17.12.2024

WA-backed AROSE misses $42m Lunar contract

The WA government backed AROSE consortium has missed out on the chance to build Australia’s first lunar rover, with the $42 million contract going to eastern states based ELO2.

Business News

17.12.2024

DigitalX settles former CEO case

DigitalX will receive more than 80 per cent of the funds recoverable from the 351BTC it lost in the collapse of crypto exchange Mt. Gox.

Business News

17.12.2024

Westgold leases Maddington warehouse

The move represents a relocation of the ASX-listed gold miner’s Perth supply base.

Business News

17.12.2024

Payroll tax relief top priority, survey says

Western Australian businesses have identified payroll tax relief as a top priority for the upcoming election, a Chamber of Commerce and Industry WA survey shows.

Business News

17.12.2024

Aussie shares rebound sharply in potential Santa rally

The ASX200 rose 0.8 per cent, rebounding strongly from five days of losses as traders swooped in.

Business News

17.12.2024

Alcoa strikes Chevron gas supply deal

Chevron will supply 130 petajoules of gas over 10 years from 2028 to fuel Alcoa’s Western Australian alumina refineries, in a boost for the latter’s operational certainty.

home›Business News›Economy

Business News - Economy

Flood forces Western Power office closure

Battery trains’ Pilbara debut pushed back

Lester Group hits out at govt spend

Wesfarmers to sell Coregas

VGW exits Nevada

Trump’s tariffs to come at a cost

Labor ahead, but Lib donor surprise

Goodbye may make MinRes a good buy

Australian shares plunge again, hitting 100-day low

At Close of Business podcast December 20 2024

Perenti books $185m worth of contracts

Govt funds Collie magnesium plant

ATCO builds Exmouth defence camp

Orthocell seeks FDA nod

Aldi’s Nedlands plan in limbo

Tetra Pak moves on Murray

Barings buys Joondalup Square

GenusPlus, Lycopodium notch contracts

Emirates serves up a treat with the A350

No mucking around at Tomfoolery

Patriot gains Volkswagen backing

At Close of Business podcast December 19 2024

Reserve power benchmark to climb 57pc

Solar project win for Perth-based Monford

Meta in record breaking privacy payout

StartupWA calls for $100m commitment

Pearl preference drives Banfields

Otranto touts green iron to ease budget woes

Tapping into campus talent

Community school celebrates 50 years

Deficits dig deeper holes as cracks appear in budget

Australian shares flat as focus turns to Fed meeting

Dawson’s evergreen in garden sector

Pilbara Challenge proves success for DermR

WA-backed AROSE misses $42m Lunar contract

DigitalX settles former CEO case

Westgold leases Maddington warehouse

Payroll tax relief top priority, survey says

Aussie shares rebound sharply in potential Santa rally

Alcoa strikes Chevron gas supply deal

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