Property industry groups are calling for the government to provide more details on the US$35.7 billion National Broadband Network (NBN) deal specifically affecting property developers.
Admin System Dec 02, 2010
The Australian Dollar is higher this morning and trading at USD 0.9685 on a more bullish tone as strong data drove traders towards riskier assets.
Sharon Olalia Dec 02, 2010
U.S. stocks soared into the new month, rising more than 2% as investors looked for good news from Europe and found solace from the latest domestic economic numbers.
Sharon Olalia Dec 02, 2010
The Australian dollar was one of the most active currencies during the Asian session yesterday as it dealt with disappointing local data in contrast to favourable developments offshore.
Sharon Olalia Dec 02, 2010
The US ADP employment report showed that private sector payrolls expanded by 93,000 in November, the biggest rise since November 2007 and above expectations for a gain of 69,000.
Sharon Olalia Dec 02, 2010
The Australian share market closed flat after weaker than anticipated September quarter growth figures and a negative US lead.
Sharon Olalia Dec 01, 2010
Australian stocks tracked sideways today, but the flat finish was a fairly impressive outcome given weaker than expected economic growth figures and a downbeat offshore lead.
Sharon Olalia Dec 01, 2010
Global miner Rio Tinto (ASX: RIO) on Wednesday gave the green light to a further US$1.2 billion investment in its drive to lift annual iron ore production capacity in Western Australia's Pilbara region to 283 million tonnes per annum (Mt/a).
Sharon Olalia Dec 01, 2010
The New South Wales Department of Environment, Climate Change and Water is planning to expand the National Australian Built Environment Rating System (NABERS) that rates an office building's energy efficiency from five star rating scale to six or seven stars.
Admin System Dec 01, 2010
Up to 5000 bank clients of National Australia Bank (NAB) flooded its official website to file damage claims arising from NAB’s computer system glitch that started on Wednesday morning last week and extended onto the early part of the current week.
Erik Pineda Dec 01, 2010
The prime industrial market in Melbourne is expected to fare the best compared to other cities in the county and even the Asia-Pacific region until 2014 based on a fair value index report made by property advisers DTZ.
Admin System Dec 01, 2010
Pressures over utility bills and other living costs outweighed concern about interest rates, despite widespread expectations of rate hikes throughout 2011, a new survey shows.
Sharon Olalia Dec 01, 2010
One of Australia's most diversified property group, Stockland, is choosing to concentrate on developing retail projects and slow down investments in office projects.
Admin System Dec 01, 2010
MLC, the wealth management division of the National Australia Bank (ASX: NAB), today announced the purchase of the remaining equity in financial advice business, Meritum Financial Group.
Sharon Olalia Dec 01, 2010
Local stocks have fallen into the red at lunchtime in the East, following disappointing economic growth numbers.
Sharon Olalia Dec 01, 2010
Australia's GDP rose 0.2 per cent in the third quarter and 2.7 per cent from the year-earlier period, the Australian Bureau of Statistics said today.
Sharon Olalia Dec 01, 2010
Despite the recent scare episodes on a number of its flights in November, Qantas Airways Ltd still managed to raise its passenger traffic prior to the incidents as the Australian national carrier revealed that more domestic and international travellers took Qantas flights in the month of October.
Erik Pineda Dec 01, 2010
The Australian Capital Territory Government assures that the environmentally certified Molonglo Valley development will be affordable even for new home buyers.
Admin System Dec 01, 2010
In a survey compiling the answers of 1,061 respondents it was found that close to one in every 10 home buyers believe that the recent Reserve Bank interest hike may force them to sell.
Admin System Dec 01, 2010
Bankers today cautioned Australian customers about a recurring telephone survey scam which is using an organisation's name in an attempt to defraud bank customers.
Sharon Olalia Dec 01, 2010
An increasing number of Australians are shifting from personal loans to credit cards, particularly for lower sums, a new report by an independent market analyst shows.
Sharon Olalia Dec 01, 2010
Australian manufacturing activity contracted in November due to the ongoing impact of the strong Australian dollar, rising interest rates and skill shortages, new data show.
Sharon Olalia Dec 01, 2010
Flamboyant Virgin Group owner Richard Branson has decided to re-enter the media business via the glossy electronic magazine Project, which is exclusively intended for the iPad and purportedly targeting millions of audience currently owning the now ubiquitous Apple gadget.
Erik Pineda Dec 01, 2010
Median property prices in Brisbane continue to drop for the fifth month in a row with a 0.2 percent slide in October.
Admin System Dec 01, 2010
U.S. stocks wavered between small gains and losses Tuesday as investors tried to reconcile continued worries over the European sovereign debt crisis with encouraging data on U.S. manufacturing and consumer confidence.
Sharon Olalia Dec 01, 2010
The AUD has opened lower this morning as investors move out of risk for safe haven assets such as the USD.
Sharon Olalia Dec 01, 2010
The Australian dollar is struggling to hold its own above 96 cents of late as economic headlines are dominated by risk.
Sharon Olalia Dec 01, 2010
US consumer confidence rose from 49.9 to 54.1 in November - ahead of market expectations and its highest reading in five months. The expectations index also rose to a six month high.
Sharon Olalia Dec 01, 2010
National city home prices rose in the country by 0.3 percent after a 0.1 percent rise but growth is expected to slow down when the Reserve Bank's rate hike in November affects the market says RPData-Rismark.
Admin System Dec 01, 2010
Australian national grocery, liquor and hardware wholesaler, distributor and marketer, Metcash Ltd (ASX: MTS) has lifted earnings before interest, tax and amortisation (EBITA) 7.7 per cent from $184.9 million to $199.4 million for the six months to October 31, 2010.
Sharon Olalia Dec 01, 2010
