News

Banks Shield Assets After MF Global Scandal : Fed Survey

U.S. banks have intensified efforts to ensure that their funds and assets are properly protected, after the MF Global scandal where an estimated $1.6 billion in customer funds vanished, according to a Federal Reserve survey released on Thursday.

A Long Road Back For New Home Sales in Australia

In February 2012 the volume of new home sales bounced modestly off a concerning January low, said the Housing Industry Association, the voice of Australia's residential building industry.

Australia to Need 2.7 Million Extra Homes by 2030

By 2030, Australia would have a population of over six million people. That would need another 2.7 million more homes, 125,000 retirement facilities and 24,000 additional hospital beds.