House prices jumped again in Sydney and Melbourne during August
Australian capital city house prices rose strongly in August, according to new data released by CoreLogic today. The group’s Hedonic Home Value Index, released monthly, rose by a solid 1.1%, led once again by strong gains in Sydney and Melbourne, the largest and most expensive housing markets in the country. Over the past year, prices nationally rose by 7%, largely due the heavy weighting in the index of Sydney and Melbourne markets. In Sydney, prices jumped by 1.4%, leaving the median dwelling..>> view originalFuture Fund assets up to $123b after strong fourth quarter
The fund's David Neal (left) and Peter Costello. The fund delivered a 4.8 per cent return over the financial year. Wayne Taylor The Future Fund is shifting more of its $123 billion portfolio into private investments as ultra low interest rates reduce returns and raise risks in public equity and bond markets.On Tuesday, Australia's sovereign wealth fund announced a strong 4.6 per cent quarterly performance to increase its assets to $123 billion,..>> view originalHidden features of new $5 note
New tactile $5 note in circulation0:21The new $5 note in circulation today comes with a tactile feature that will help the visually impaired. Say hello to the new $5 note.THE birth of a new banknote is a momentous occasion. I mean, Miley Cyrus was in nappies and Ariana Grande wasn’t even born the last time this happened.And so it was with great fanfare that the Reserve Bank of Australia unveiled its fancy new $5 note, the product of a determined campaign by blind teenager Connor McLeod. But the..>> view originalFracking ban is 'science fiction'
Asian factories hobble as soft global demand hits sales
LONDON/SINGAPORE Manufacturers across Asia and Europe showed few signs of returning to health in August, as demand remained fitful at best, although British factories bucked the global trend, surveys showed on Thursday.Britain's manufacturing rebounded from the shock of June's vote to leave the European Union, helped by a boost to exports from sterling's post-Brexit slump.Recent data have shown consumer demand holding up, and Thursday's survey suggests manufacturing, which accounts for 10 perc..>> view originalCapex: Business investment keeps falling, but plans beat expectations
Capex: Business investment keeps falling, but plans beat expectations Updated September 01, 2016 14:55:47 The ongoing laggard in the Australian economy, business investment, has fallen again, tumbling another 5.4 per cent in the June quarter to be down more than 17 per cent over the year.The seasonally adjusted data from the Australian Bureau of Statistics was weaker than the market forecast of a 4 per cent decline over the quarter.Once again mining was the main drag, w..>> view originalACCC takes Volkswagen to court over diesel emission claims
The Australian Competition and Consumer Commission has brought legal proceedings against car manufacturer Volkswagen over allegations that it concealed software in its vehicles to cheat emissions testing and mislead consumers. More News Videos Previous slide Next slide Volkswagen settlement to hit $20b Trump: Mexico's paying for the wall Perth man jailed in Bali over passport misuse Trump: 'We will build a great wall...' Trump pr..>> view originalApple tips Ireland to appeal EU tax ruling
Apple tips Ireland to appeal EU tax ruling“We are completely committed to Ireland,” CEO Tim Cook said. Picture: Simon Dawson/Bloomberg.Paul HannonThe Australian7:45PM September 1, 2016Save Apple chief executive Tim Cook said he expects that Ireland’s government will do “the right thing” and appeal against a European Commission ruling that his company owes billions of euros in alleged unpaid taxes. In an interview with Irish state broadcaster RTE transmitted on Thursday, Mr Cook also said he expe..>> view original
Thursday, September 8, 2016
House prices jumped again in Sydney and Melbourne during August and other top stories.
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