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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
The Eurozone has emerged from recession after the deepest downturn since the Second World War. Sixteen European Union countries use the Euro currency. Output for those countries grew by 0.4% in the third quarter of this year. That news gave market se
The Federal Government has taken a dip in the polls as a standoff with the group of asylum seekers onboard an Australian Customs ship continues. Today's Newspoll in the Australian newspaper shows 53% of voters think the government is doing a bad job
A full independent investigation will be held into a huge fire at the West Atlas oil rig in the Timor Sea. The blaze has been extinguished and the oil and gas leak fueling the fire has also been plugged. The West Atlas rig had been gushing oil into t
Australian photo journalist Nigel Brennan has been released by kidnappers in Somalia. After being held for 15 months, he and a Canadian colleague say they cant believe theyre free. Theyre now in a hotel in Mogadishu and are reported to be in good hea
Official figures show that the UK is in the grip of the longest recession since records began. Britain's economy contracted in the third quarter of this year, with the GDP falling 0.4%.This comes as a surprise to economists who were expecting a rise
on Caixiqiang, good job! by homeway2000 Good morning. The Somali based Islamist group al-Shabaab has denied having any links to the Australian men charged over an alleged terrorist plot in Sydney. Three of the five men are of Somali origin and one is
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
The US President Barack Obama will not be visiting Australia next week. The White House says the trip is now being planned for sometime in June. Mr. Obama postponed his visit to Australia and Indonesia to focus on getting his health insurance bill th
Five Sydney men who planned a violent jihad on Australia will be sentenced today. In October last year, a jury found them guilty of conspiring to commit acts of terrorism. The men have been in custody since their homes were raided in 2005. They face
Victorian police say theyll do everything they can to find out what happened to a three-year-old Indian boy whose body was found in Melbourne last night. Three-year-old Gurshan Singh disappeared from a relative's home in Lalor yesterday. His body was