Wall Street stocks have risen on easing concerns about Federal Reserve interest rate increases and as petroleum-linked equities surged on higher oil prices.
Financial services provider Pioneer Credit has sold $3.1 million worth of bankruptcy-comprised customer accounts if felt could not generate any further value, but none of the proceeds will be contributing to the company’s full-year profit.
Wall Street stocks have tumbled, snapping a two-day winning streak to close the first quarter on a sour note as volatility in equity markets stays high.
The Australian share market has rebounded on expectations of monetary easing in China, finishing the session strongly and posting an almost 9 per cent gain for the year's first three months.
The Australian dollar has shed almost one US cent amid a stronger US dollar and growing expectations of a rate cut when the Reserve Bank meets next week.
Prime Minister Tony Abbott has described it as a "conversation starter" but some issues in the government's tax discussion paper, released today, are already proving debate stoppers.
Doray Minerals will seek to raise a smaller-than-expected amount of capital for its second gold project following yesterday’s announcement the state would leave royalty payments unchanged.