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European shares lifted by surge in Italian banks

European shares rose on Monday as funding plans from the European Central Bank for the region’s lenders buoyed markets, while Italian banking stocks surged on the prospect of a possible rescue deal. The pan-European FTSEurofirst 300 index, which had climbed 2.7 percent on Friday, was up 1 percent while the euro zone’s blue-chip Euro STOXX 50 index also advanced 1.2 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


School leavers ‘put off apprenticeships over misconceptions about pay’

Almost 30 per cent of 16 to 18-year-olds in the UK said the information about apprenticeships in their school or college is ‘poor’, ‘very poor’ or ‘non-existent’, compared with just 6 per cent who thought the same about information they were given regarding university iStock School leavers are being put off becoming apprentices by widespread misconceptions about levels of pay, Read More


UK trade deficit narrows in January

The UK’s trade deficit narrowed in January, official figures show, but its goods trade gap with the EU widened to a record level. The Office for National Statistics (ONS) said the total trade deficit – covering goods and services – shrank to £3.5bn from £3.7bn in December. The deficit in goods alone narrowed to £10.29bn – down from £10.45bn the Read More


Japan’s stocks lead gains in Asia on Monday

Stocks in Japan and China led gains on Monday, extending a rally on Wall Street which closed at its highest level so far this year on Friday. Tokyo’s Nikkei 225 finished the session up 1.75% to 17,233.75 points. Investor sentiment in Japan was given a boost as official machinery orders data showed a 15% jump in January from December, beating Read More


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European shares lifted by surge in Italian banks

European shares rose on Monday as funding plans from the European Central Bank for the region’s lenders buoyed markets, while Italian banking stocks surged on the prospect of a possible rescue deal. The pan-European FTSEurofirst 300 index, which had climbed 2.7 percent on Friday, was up 1 percent while the euro zone’s blue-chip Euro STOXX 50 index also advanced 1.2 Read More


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