Signs of stronger manufacturing activity in the world's second largest economy have outweighed a blowout in Australia's trade deficit and fuelled gains on the share market.
Western Australian financial advisers and stockbrokers have dismissed a report that found public-listed companies were paying nearly 50 per cent too much to raise capital.
Internet pioneer Michael Malone has quietly ended another formal link to the ISP he founded and floated, selling more than 1.1 million shares in iiNet to net almost $8.5 million, a move which takes him below the 5 per cent substantial shareholder limit.
The Australian dollar has shot up above 95 US cents after the Reserve Bank of Australia gave a more neutral statement than the market expected following its interest rate decision.
Wall Street stocks have barrelled higher to new records, opening the third quarter with big gains following strong US auto sales and Chinese manufacturing data.
Western Australia’s gold producers continue to suffer at the hands of a strengthening Australian dollar, with more job losses revealed across the sector last week.
The Reserve Bank of Australia has kept the cash rate unchanged, saying the economy is improving but it will be some time before unemployment drops consistently.
The share price of Perth industrial parts and services provider Coventry Group has risen 14 per cent following the announcement of a $21 million return to shareholder
Wall Street stocks turned in a mixed performance to close a strong second quarter after US pending home sales jumped but automaker General Motors announced another massive auto recall.
Australia's corporate watchdog says policing the finance industry is a battle of fear versus greed, as it responds to a critical report into its handling of dishonest activity by Commonwealth Bank financial advisers.
US stocks have finished modestly lower following disappointing economic data even as shares for video camera maker Per cent soared in their first day of trade.
A strong performance by the share market has more than recovered losses suffered in the previous two days, with retailers and banks among the best performers.
Within a year of launching its micro-lending facility in November 2009, PAID International had increased the average number of loans processed each month more than 100-fold.
US stocks have finished higher despite a US Commerce Department report that showed first-quarter economic activity contracted much more than previously thought.
