Australia's house prices rise in Q1

Source: RTT News
House prices in Australia accelerated at the strongest pace in almost three years in the first three month of this year, a report unveiled by the property research company RP Data-Rismark showed on Tuesday. The report said that dwelling values grew by 2.8% in the Q1 taking the cumulative capital advance to 4.7% since May 2012, while house prices rose 1.3% in March.

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Tue, 02 Apr 2013 09:42:25 GMT

RBA keeps cash rate unchanged third time in row

Australian national bank decided to maintain its cash rate at the same level unchanged at 3% for the third successive time on Tuesday as the global economy is showing signs of recovery and consumption in the country is improving as well. The Reserve Bank of Australia is likely to keep the inflation target at a level of 2-3% providing a

Tue, 02 Apr 2013 09:20:17 GMT

DJIA down as American manufacturing index declines

U.S. blue chips decreased on Friday, as the Institute for Supply Management's manufacturing index fell to 51.3 in March, down from 54.2 in February. The Dow Jones Index lost 0.04%, or 5.69 points, to 14,572.85, close to its highest level since 1896. Health care and telecommunications sectors advanced the most, adding 1.1% and 0.7%, respectively. UnitedHealth Group surged 3.1% to

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