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UK court allows Wright bitcoin claim

LONDON, RAW – London’s High Court has paved the way for a case that could force its judges to take a view on who invented bitcoin, the world’s biggest cryptocurrency which last week soared to all-time highs. The court has allowed Craig Wright, an Australian computer scientist who alleges he created bitcoin, to serve a…

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Wall St drops on Biden tax plan reports

NEW YORK, RAW – US stocks have dived on reports President Joe Biden plans to almost double the capital gains tax in what news analysts say provided an excuse to take profits in a directionless market ahead of big tech’s earnings next week. The three main indexes on Wall Street also fell on reports that…

Ex-PM lobbied Bank of England on Greensill

LONDON, AP – The Bank of England has published a series of communications showing former UK prime minister David Cameron making repeated efforts for a now-bankrupt financial firm to access a state-backed coronavirus financial support scheme. It is the latest in a growing tide of revelations about links between Cameron and state bodies and individuals…

ASX ends up 0.83pc, back above 7000 points

SYDNEY, AAP – Australia’s share market rebounded from two consecutive days of losses and was 11 points short of its best close since February last year.The benchmark S&P/ASX200 index closed up 57.9 points, or 0.83 per cent, to 7055.4. The index is a little more than 100 points from its record high, after returning close…

Regional unemployment: Winners & Losers

Regional unemployment: Winners & Losers Regional jobs Regional jobless rates: Of the 15 SA4 regions with the highest unemployment rates in the land, Queensland had the highest representation with six regions in March followed by NSW (four) and Victoria (three). Sydney – South West had the highest unemployment rate of 11.2 per cent, but the…

CommSec Daily Report Thursday

Latest news Aussie shares have recovered from a slow start, with the ASX 200 lifting by 0.4 per cent to 7,027 thanks to gains across most sectors. This followed the market opening lower for a third straight day and remains a little softer over the week as market participants pause from the recent rally. Putting…

AGL boss departs, demerger to continue

SYDNEY, AAP – AGL boss Brett Redman is leaving the energy provider after only last month starting efforts to create separate coal-fired power and clean energy businesses. The company on Thursday said Mr Redman had resigned after two and a half years as CEO, effective immediately, as he could not commit beyond the proposed demerger….

Asian stocks join global equity rebound

TOKYO, RAW – Asian stocks have risen, extending a rebound in global markets following a sharp sell-off earlier this week, while oil prices have eased again on worries about rising COVID-19 cases in some parts of the world. Japan led gains on Thursday, with the Nikkei 225 rallying 1.7 per cent after sliding two per…

More diverse opinions within and between central banks could

The Bank of Canada (BoC) joins Norges Bank in setting itself apart from other G10 central banks by validating market expectations for earlier tightening. The BoC announced a taper of its government-bond purchases, adjusting its pace of weekly purchases to CAD3 bn from CAD4 bn. This is best characterized as less dovish rather than outright…

ASX up 0.24pc, rises above 7000 points

SYDNEY, AAP – Investors have watched Australia’s share market return to the heights of more than 7000 points, though gains were moderate. The benchmark S&P/ASX200 index was up 16.9 points, or 0.24 per cent, to 7014.4 at 1200 AEST on Thursday. The All Ordinaries was higher by 14.7 points, or 0.2 per cent, to 7273.6…