BUSINESS

Global investment firm The Carlyle Group buys 55 per cent of hedge fund Claren Road Asset Management.

The New South Wales housing code has widened the conditions for its 10-day approval process leading to more money and time saved for homeowners.

Doug Campbell has advised that he will be leaving the National Broadband Network team for personal reasons and retiring at the end of the year.

Retailers can breath a sigh of relief as the Reserve Bank of Australia kept official interest rates on hold today.

Leighton Holdings Ltd subsidiary (ASX: LEI) John Holland has snared the contract to deliver works between Glenfield South and Leppington for the South West Rail Link project by the New South Wales Government's Transport Construction Authority (TCA).

Prosperity may have been brought over by mining activities in Queensland and Western Australia but the attending decadence is also inevitable as the steady stream of thousands of workers fuelled boredom, alcoholism, prostitution and rising violence.

Fraud loss on credit cards declined slightly while scams on debit cards increased, the Australian Payments Clearing Association (APCA) Payments Fraud data show.

THE Property Council of Australia, Tasmanian Division and the Master Builders Association Tasmania (MBT) have joined forces to push the Tasmanian government to action to make the necessary changes to their planning agenda and implement a single residential planning development code.

Wine production in Australia saw another decrease in fiscal 2010, according to figures released today by the Australian Bureau of Statistics (ABS).

Owners of mixed-use buildings will no longer be required to disclose their NABERS energy rating .

Real estate sales are forecast to wind down this month as sellers temporarily shelve properties and come back to the market with readjusted prices next year.

The Australian share market has started the trading day on a positive note, on the back of firmer commodity prices and expectations the Reserve Bank of Australia will leave interest rates on hold when it hands down its policy decision at 2.30pm Eastern time.

The Australian Stock Exchange (ASX) merger with the Singapore Stock Exchange (SGX) will firmly integrate Australia into Asian wealth markets, according to a global market research provider.

Real Estate Institute of Australia (REIA) declared support for revisions of the Consumer Price Index (CPI) made by the Australian Bureau of Statistics.

Brisbane City Council has approved the demolition of a 150 year old building on Albert Street for a proposed 13 storey office block.

The Australian Dollar continues to trade with conviction ahead of today’s interest rate announcement by the Reserve Bank.

Persistent weakness in new orders and activity kept the Australian construction industry in negative territory for the sixth consecutive month in November, new data show.

Investors paused Monday after last week's run-up in U.S. stocks, reading caution into Federal Reserve chairman Ben Bernanke's tepid assessment of the U.S. economic recovery.

The Sentix index of investor sentiment in the 16-nation Euro region declined to +9.7 from +14 in November.

The Aussie opens marginally lower against the greenback today at 0.9890.

The Australian share market has closed flat, as rising mining stocks offset falls by banks.

Falls in banking and healthcare stocks impacted on the local stock market today, capping gains made elsewhere and contributing to a flat finish.

Several banks in Australia have taken the opportunity to help people affected by flooding.

Media group Fairfax Media Ltd formally announced the resignation of chief executive Brian McCarthy from his position, pushing the media business into an international search for a replacement on the man who served the company for a number of decades.

Virgin Blue Group of Airlines has signed on as joint major sponsor of the Gold Coast Suns for 2011, three weeks after the airline group was named as the official airline and partner of the Australian Football League's (AFL) from next year.

In less than 3 years, profits from global online advertising will surpass that of newpaper ads by 5.4 per cent.

Self-managed superannuation fund (SMSF) investors are looking into opportunities in real estate to make use of the advantages of investing in such a fund.

The first Australian Consumer Law (ACL) is expected to affect business owners, managers and sales staff starting January 1, 2011 when it gives consumers a new set of rights when availing of good or services.

Self-managed super funds are fueling demand for small offices that can be purchased using the fund structure.