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Brisbane residents fall in love with apartment living

Brisbane is falling in love with apartments – and it’s creating a dramatic shift in the way Brisbanites live. In the inner-southern suburbs, CoreLogic RP Data’s median unit price of $688,750 outstrips the median house price by almost $80,000. Real Estate Institute of Queensland CEO Antonia Mercorella says many significant apartment projects are now well under way. “Like many inner-city Read More


Oil price ‘may have bottomed out’

Lower oil output in the US will help to stabilise oil prices this year, the IEA said There is evidence that oil prices are stabilising and could even begin to rise again, the International Energy Agency (IEA) has said. It said lower oil output in the US and other countries was helping to curb the glut in the supply of Read More


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India delays plans to open up coal sector to private firms

India will delay opening commercial coal mining to private companies due to lower-than-expected demand for the fuel, a government official said, which could make it difficult for the country to meet ambitious output targets. The world’s third-largest coal importer wants private companies to contribute about a third of an annual production target of 1.5 billion tonnes by 2020, but the Read More


Sydenham and Homebush West are inner-west Sydney’s cheapest

Only two inner-western Sydney suburbs remain under the million dollar mark, new data reveals. Sydenham and Homebush West still have six figure median house prices, according to CoreLogic RP Data. The median house price in Sydenham is $927,500, an increase of 11.4% in the 12 months to November 2015, and in Homebush West it is up 4% to $980,500. This two-bedroom home at Read More


Sprawling Sydney mansion tipped to smash sales record

One of the northern beaches’ largest and most prestigious family estates has hit the market for the first time ever, and is tipped to smash the 2016 sales record out of the park. The sprawling property at 1-3 Amiens Rd, Clontarf, is part of the estate of the late Transfield founder Franco Belgiorno-Nettis, an Italian migrant who came to Australia Read More


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India’s wholesale prices fall for 16th straight month in Feb

India’s wholesale prices fell for a 16th straight month in February, declining an annual 0.91 percent, driven down by tumbling oil prices, government data showed on Monday. The pace of fall was faster than a 0.27 percent annual decline forecast by economists in a Reuters poll. In January, the index fell a provisional 0.90 percent. The wholesale fuel prices dropped Read More


China economy: Slow output fuels global economic recovery fears

China’s industrial output has slowed to its weakest growth since the financial crisis, prompting concerns over the global recovery. Production rose by 5.4% in January and February – the worst since 2008. China is trying to refocus its economy from investment and export-led growth to consumer spending. UK finance minister George Osborne said China’s slowdown is one of a “dangerous Read More


Computer draws first blood in clash with Go grandmaster (Update)

South Korean grandmaster Lee Se-Dol plays against AlphaGo during the Google DeepMind Challenge Match in Seoul on March 9, 2016 A Google-developed supercomputer stunned South Korean Go grandmaster Lee Se-Dol by taking the first game of a five-match showdown between man and machine in Seoul on Wednesday. After about 3-1/2 hours of play, Lee, one of the greatest players of Read More


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Iran tests more missiles, says capable of reaching Israel

Iran’s Islamic Revolutionary Guards Corps (IRGC) test-fired two ballistic missiles on Wednesday that it said were designed to be able to hit Israel, defying U.S. criticism of similar tests carried out this week. State television showed footage of two Qadr missiles being launched from northern Iran which the IRGC said hit targets 1,400 km (870 miles) away. Tests on Tuesday Read More


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G4S warns of potential £57m loss over asylum-seeker housing deal

The private security giant G4S has warned its shareholders that it may lose £57m if the Home Office extends its contract to house destitute asylum seekers for a further two years. The warning came as its shares dropped by more than 10% after reporting a 40% fall in its pre-tax profits due to rising losses on a series of contracts Read More