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A US congressional investigation of a year has concluded that Chinese telecom companies including Huawei and ZTE pose a security threat to the country and should be barred from contracts and acquisitions in the country.

According to the Real Estate Institute, the sales of new houses in New Zealand rose at its slowest pace in more than a year mainly due to limited number of listings.

The prices of houses in the country touched record high due to the limited supply of houses. The total housing sales grew 8 percent to 5,653 during September, according to the figures released by the institute. The rate of growth in August was about double that in September.

India, which is the fourth largest importer of oil in the world, has lagged behind other players in concluding deals with the Canadian authorities for exploiting the country's giant oilsands, according to Canadian Energy Minister Joe Oliver.

Mr. Oliver said that the Indian oil companies might start striking deals with Canada in the coming five years. Canada Needs an estimated investment of $650 billion during the coming decade and it believes that most of the investment will come from other countries. Mr. Oliver is scheduled to visit Delhi and Mumbai in the coming days.

According to the latest data available, job advertisements have fallen for the sixth month due to continuing uncertainty in the global economy and the outlook on the mining boom in the country.

The monthly ANZ Job Ads survey showed that number of job advertisements fell 2.8 per cent in September, continuing the fall from the last five months. The data showed that the job numbers fell 10.8 per cent compared to the same month in the previous year. The total job ad numbers is the lowest since January 2010.

The governor of the Reserve Bank of Australia, Glenn Stevens expressed that it may have been a sensible step to alert about an internal central bank probe into the note-printing scandal.

There are allegations against Mr Stevens and former RBA deputy governor Ric Battellino of corruption relating to the involvement of Note Printing Australia (NPA) and Securency International. The allegations are relating to the techniques used by the agents of the two firms, which are subsidiaries of the RBA to win note-printing contracts abroad.

World Bank said on Monday that it is revising its growth forecast for China saying that the Chinese economy is expected to grow at by 7.7 per cent from May's 8.2 per cent.

The global financial body said that the world's second biggest economy is facing a slowdown. It warned that the slowdown could be faster than expected in the growth in China due to continuing weak demand from global markets.