President-elect Donald Trump has chosen Steven Mnuchin, a wealthy Wall Avenue govt and Hollywood movie producer who served as his campaign finance chairman, to be the following Treasury secretary, in accordance with a person acquainted with the decision. Commonplace & Poor’s and S&P are registered emblems of Commonplace & Poor’s Financial Companies LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2016 and/or its affiliates.\n\nPerth is now the only capital to report a 12 months-on-12 months fall in house prices, and was the weakest-performing city in the three months to November, in accordance with new information. The data is basic data only and does not constitute financial advice It’s not supposed to be, and should not be construed in any means as, investment, legal or financial advice.\n\nCivil and mining contractor NRW Holdings has announced plans to buy the east coast operations of failed mining companies company Hughes Drilling, with the acquisition value undisclosed. The chairmen of Perth firms South32 and Alexium International Group have singled out world firm Institutional Shareholder Companies for criticism amid ongoing debate over the function of proxy advisers.\n\nMineral sands miner Iluka Sources has solid doubt on its planned $375 million takeover of Sierra Rutile after detecting geotechnical risks at the West African company’s tailings dams. Three local businesses have been inducted into Family Business Australia’s hall of fame, including an electrical contractor established in 1920, a fertiliser supplier and an engineering business that just lately listed on the ASX.\n\nA new gloomy forecast has emerged for Perth house prices, with world economic research firm Moody’s predicting further declines in 2017. World IT company Infosys is planning to recruit a hundred folks in Western Australia over the coming 12 months after deciding on Perth for its newest office.