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House prices have fell by 4 percent the past year with Brisbon and Melbourn the hardest hit.Insabon Monda from the real state institute of Victoria says prices are simply reflecting the markets. And xxx can't push up prices,the market was what market
The Reserve Banks December minutes confirm a period of stability for interest rates is set to continue. The board noted that some market participants expect rates to fall next year and discussed factors behind those market expectations, but the RBA g
Qatar Airways has admitted that one of the bombs posted from Yemen last week was originally transported on two passenger planes before being seized in Dubai. Two suspected al-Qaeda packages from Yemen were intercepted in Dubai and Britain on Friday.
US President Barack Obama is preparing to end the ban on deep-water oil and gas drilling. The ban was imposed after the BP oil spill in the Gulf of Mexico. White House spokesman Robert Gibbs says there will be new requirements for companies allowed t
Sydney police are investigating a second death linked to a Taser. A man died when police used a Taser while trying to arrest him in Sydney's west. A day earlier, another man died when police tried to subdue him during a brawl. They denied a witnesss
US stocks finished the week with the 7th gain in eight sessions. Improvement in the trade deficit and some better than expected jobs data pushed the Dow up half a per cent. Across the Atalantic, London's FTSE 100 hit a four-month closing high for the
Pakistan's president has visited a camp for flood victims during his first trip to areas hit by the deluge. Asif Ali Zardari has been criticized for failing to cut short an overseas trip when the floods first hit. Pakistan's government has also been
The Gillard Government's been rocked by more damaging internal leaks. Last night, Channel Nine reported that Julia Gillard lobbied in Cabinet against the Government's paid parental leave scheme and the size of pension increases. Ms Gillard says she d
Leading the news this morning. Prime Minister Julia Gillard is today expected to announce her new-look Cabinet. Ms Gillard has spoken to dumped PM Kevin Rudd about his future in Parliament. She may reallocate her old portfolios to existing Cabinet me
The government has imposed a curfew across much of Thailand as fires continue to rage in Bangkok. Yesterday, troops stormed a blockade set up by anti-government protesters and the rest of red-shirt leaders. More than 40 people have died in political
World leaders have agreed to secure all vulnerable nuclear materials around the globe within four years in a bid to thwart any terrorists. Delegates from 47 nations meeting at the nuclear security summit in Washington, say theyll share information an
More than 150,000 bank customers announce suing Australian biggest banks over fees. The Commonwealth bank, Westpac, National Australian Bank, Citibank and ANZ have been sued for nearly $2,000,000. Last week, the Federal Court ruled that late fares on
The Australian share market posted sharp falls weighed down by banks and mining stocks. The All Ords and the ASX 200 Index both lost 1.2%. The smaller oil producers were among the best performers. Iron Ore miners like Fortescue slumped. Nab was the w
Leading the news this morning.The Federal Immigration minister Peter Dutton has denied claims asylum seekers on Manus island were denied food and water during a standoff with security staff. A number of asylum seekers have been detained by police aft
South Korea's Samsung group has won a five-billion-dollar contract to redevelop Western Australia's Roy Hill iron ore mining project. The company confirmed the contract is to build a process plant to export iron ore as well as a railway line and port
Portugal and Ireland are to be granted an extra 7 years to pay back their emergency bailout loans. European Union and the IMF bailed out the Republic of Ireland in 2010 and Portugal in 2011. The 17-member-group that uses the euro currency agreed to t
Leading the news this morning: Greens MP Adam Bandt has forced Parliament to begin debating the issue of same sex marriage. Hes introduced a motion, calling on MPs to talk to their constituents about their views on gay marriage. Both major parties op
Let's take a look at the satellite. A trough is triggering storms over northern parts of Queensland. Another trough is generating showers and storms in the northern territory and WA. And a high is keeping the country's southeast dry. Looking around t
To finance. Now the Reserve Bank has hinted it will cut interest rates next month, soaring in the month ahead, as the mining boom slows quicker than expected. Mr Stevens says the gloom over Europe's debt crisis is starting to ease, but he says produc
Leading the news this morning. Syria's peace envoy Kofi Annan has given up on diplomacy and will resign at the end of the month, he says he is frustrated by the UN security council's failure to agree on sanctions against president Assad, Australia's