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A BAND of volunteers were working hard sawing wood planks and hammering nails to build a house when the light drizzle quickly turned into a downpour, thus halting their work for the day.
SYDNEY: Australian construction spending slid to its lowest in almost three years last quarter as a deepening downturn in home building spread to other sectors and posed a downside risk to growth across the economy.
KUALA LUMPUR: The Orang Asli Development Department (Jakoa) denies it plans to move the Orang Asli in Kuala Koh to another location, says Minister in the Prime Minister's Department P. Waytha Moorthy.
SYDNEY: Australia’s second-biggest lender Westpac Banking Corp posted its lowest half-year profit since 2013, as interest income shrank along with the housing market, and costs rose as the bank compensated customers for botched service.
SYDNEY: Australia’s second-biggest lender Westpac Banking Corp posted its lowest half-year profit since 2013 on Monday, as interest income shrank along with the housing market, and costs rose as the bank compensated customers for botched service.
ISTANBUL (Reuters) - Less than a year after Tayyip Erdogan celebrated election triumph with fireworks in Ankara, Turkey's all-powerful leader faces the embarrassment of losing his capital in local polls marred by bitter campaign rhetoric and economic storm clouds.
SHAOSHAN: A young man in Central China designed, constructed and decorated a unique cement pipe room in 45 days, and made short videos to record the whole process and put them online, attracting many followers.
SYDNEY: Australian businesses reported only meagre growth in profits and wages for the fourth quarter of last year, a dry spell for incomes that likely saw the whole economy struggle to expand.
MUMBAI: A tax cut by India to help the country’s troubled housing sector should boost home sales, but by itself will not be enough to put cash-short developers on more solid ground, say industry executives.
MADRID (Reuters) - Spain's minority Socialist government suffered its first major legislative defeat on Tuesday when its main ally in parliament, Podemos, sided with the opposition to throw out its decree on housing, exposing the administration's weakness.