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Western Australian Business, Finance, Political, & Economic news
Shopping centre owner Perron Group has added to its bulging portfolio, snapping up 50 per cent stakes in Morley Galleria, The Glen in Melbourne and Colonnades in Adelaide from Centro Retail Australia for $690.4 million.
Commonwealth Bank of Australia (CBA) shares have dropped despite posting a profit of $1.7 billion for the three months to March.
CBA's unaudited net profit for the third quarter of its fiscal year was slightly lower than had been forecast by analysts.
The building of mines and related infrastructure will continue to underpin the non-home construction sector for the next two years, a survey says. But as the sector surges, skilled workers will become harder to find.
Treasurer Wayne Swan does not perceive a need to update budget forecasts because of recent events in Europe, saying Treasury has already accounted for a bleak outlook.
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.
