Western Australian Business, Finance, Political, & Economic news

BHP won't spend $80bn on expansion: Nasser
BHP Billiton chairman Jacques Nasser says the global miner will not spend the $80 billion on growth projects that it said it would, stepping back from previous commitments.
Stocks plunge on Greek woes
Australian stocks have plunged to two-month lows led by the resources sector, with Greece's problems keeping investor confidence at depressing lows.
Industrial land market tightens over 2012
Perth’s industrial land sector is starting to show similar traits to the CBD office market, with sales data over the first four months of 2012 showing a clear contraction in supply.
Road funds proof of support for WA: Swan
Federal Treasurer Wayne Swan says the government's contribution to the Great Eastern Highway upgrade in Western Australia is concrete proof it is spending enough on infrastructure in the mining state.
Mirabela launches $120m raising plan
Mirabela Nickel has launched a $120 million capital raising, to boost the company’s coffers after its stocks plunged to a near all-time lows due to tough conditions in the nickel market.