Australian construction industry to see slow recovery

The Australian building and construction industry will see a mixed recovery over 2015-16 after a number of challenging years, according to Master Builders Australia (MBA) forecasts released Monday. While the forecasts predict a positive growth for the industry, MBA reports that the current economic climate is creating headwinds that may impede the timing and strength of recovery. There's light ...

Warner facing CA disciplinary hearing over vitriolic Twitter outburst ahead of Ashes

Australian opening batsman David Warner is facing a Cricket Australia (CA) disciplinary hearing for his vitriolic social media outburst at respected News Limited sportswriters Robert Craddock and Malcolm Conn. Warner, whose captaincy aspirations have taken a hit, had been reported for breaching the code of behaviour of the CA, which will be deciding a date for the hearing ahead of this week's ...

Sydney girl 12 robbed at gunpoint

A 12-year-old girl has been robbed at gunpoint in Sydney's southwest. The girl left a friend's house to walk home about 8.30pm (AEST) on Monday when she was approached from behind by a man in Bennett Street, Minto, police said. "The man produced a firearm and threatened her and demanded she hand over her wallet, which she did," a statement said. "He then left the area ...

Targets troubles lead to pain for all

Last week, the black sheep of Wesfarmers' retail family, Target, took investors by surprise when it lowered its second-half forecast earnings before interest and tax to between a loss of $8 million to a profit of $12 million - representing a massive downgrade in earnings. The company told the market a few weeks back that it was having troubles with its inventory levels and its chief ...

Matts 10 years shock

An Australian executive has been sentenced to 10 years jail in Dubai but his junior colleague acquitted in a spectacular climax to their four-year battle against property fraud charges. A defiant Matt Joyce declared his innocence after the guilty verdict against him on Monday and said he would appeal because his conviction was based ''on the evidence of a witness who was found by an ...