BUSINESS

Hocking Stuart Yarraville and O'Brien Real Estate Croydon have been penalised for underquoting properties contrary to its actual selling price.

Donald Trump’s first press conference after winning the presidential election in which he addressed his alleged Russian connection has caused the Australian dollar to surge by one US cent. It is expected to surge further up to 78 US cents.

Fonterra is in the best position to declare the termination of its supply agreement with Bellamy.

Data shows that job vacancies increased by 2 percent to 181,000 in the three months until November. Compared to the same period of time last year, this rise is 7 percent more.

Bellamy has confirmed that Laura McBain has stepped down as the company terminated her contract as its CEO.

CoreLogic Australia's research has revealed that finding a house in Sydney that costs less than $1 million would be challenging specifically within the 20km radius of the CBD.

Financial planners are in-demand now in Australia as a result of the growing number of remediation projects in the country.

Boston University scientists have revealed that they have developed a blood test that can predict lifespans. As weird as it may sound, the scientists believe it is a game-changing blood test though the test needs to be conducted on larger groups of people to confirm the results. This breakthrough will allow patients to identify health risks early on and subsequently modify behaviour to change outcome.

Crown Resorts has named James Packer to be its new director as the casino mogul comes back after resigning from the same position in 2015.

The anti-cancer drug Venetoclax has just received Australia approval. The drug was developed by a team of international and Australian scientists and now it has been reported that the drug can “melt away” certain advanced forms of chronic lymphocytic leukaemia (CLL).

Australia’s retail sales figures are out, and they are not even near to what was expected. The AUD saw a relative declined in value in early local trade on Tuesday.

Primary Health Care’s Managing Editor and Chief Executive Officer Peter Gregg has been given a court notice asking him to face the court over allegations made by Australian Securities and Investments Commission that he broke law by falsifying records during his tenure as Leighton Holdings executive.

Lululemon Athletica Inc. has reported a strong holiday season sales in its store and digital channels. The Canadian athletic apparel retailer has also sold its premium-priced activewear at mostly full-price as it approached the last week of Christmas.

Bureau of Statistics data showed that dwelling approvals in Australia fell over the six months to November based on overall trend terms although it rose in November by seven percent.

Should you buy a home or invest your capital elsewhere and rent instead? Which of the two will be a better option from a financial point of view? This is one of those many questions that have perplexed people for ages.

Ardent Leisure reported a revenue loss of 63 percent at its Dreamworld and Whitewater World theme parks after they reopened in January. Four people were killed at Dreamworld in October.

EV maker Tesla has promised to bring the high-volume Model 3 to the market in 2017 but the company is constantly missing targets. The automaker hoped to deliver 80,000 or more cars in 2016 but could only deliver 76,230. It even failed to match its own record for deliveries set last quarter when it broke the 25,000 level.

As per a leading cannabis research publisher, ArcView Market Research, North America’s legal cannabis market has posted a 30 per cent increase in revenue on 2015. The revenue figure in 2016 was US$9.3 billion (AU$12 billion). Considering a compound annual growth rate of 25 percent, the marijuana market may post US$20.2 billion (AU$27.9 billion) sales by 2021.

If fresh reports are to be believed, Elon Musk’s company Tesla is going all out with its highly-anticipated EV Tesla Model 3. The deadline for the production parts of the Model 3 is just six months away and Musk does not want supply issues to hit the anticipated car.

World predictions for 2017 have revealed the fate of the United States, European Union, China, Russia and Middle East among other regions.

Publicly funded RAAF jets cost Australian taxpayers a $600,000 bill from July to December 2015 for picking up and dropping off federal politicians.

Woolworths has developed a portal called Supplier Connect that gives suppliers access to the retailer's record of customer data.

A survey, conducted over three decades, has found that more and more Australians are supporting decriminalisation of marijuana. For the first time, more Aussies are supporting cannabis legalisation than those who still want it to be classified as an illicit drug.

Tesla is leading the way in surprising its fan base this holiday season. Let’s take Tesla Easter eggs for example. Reports suggest that Tesla Model X drivers can now enter a code to enable a special Christmas-themed surprise. Meanwhile, Tesla CEO Elon Musk has revealed grand plans for its supercharger network.

Tesla has revealed that the Model 3 is a simpler car to manufacture than most of its other cars. Hence, there are likely to be few first-release issues than what the manufacturers faced with the Model S and Model X.

Those who aren’t done Christmas sale shopping won’t have to wait for the Boxing Day sales to save big as great deals are still available.

Nokia and Apple are trading lawsuits over international patent dispute. A day after Apple filed lawsuits against other companies it accused of colluding with Nokia, the Finnish company filed lawsuits against the Cupertino-based tech giant on Wednesday, alleging that the iPhone-maker has infringed dozens of its patents.

National Australia Bank's Internet and phone banking system have crashed, flooding the bank with complaints from customers saying they could not access it. 

Christmas shopping 2016 is in full swing at the moment, and this is the time for movie buffs to flaunt their new superhero-inspired clothes. A San Diego based online store – Film Jackets has seen a spike in their sales this month, thanks to the popularity of “Star Wars” and other franchise. In an exclusive interview with International Business Times, Australia – the Digital Marketing Executive of the firm, Chris Jackson, shared his insights about the market in this holiday season.