BusinessAustralian Associated PressWorld stocks off record peak, dollar up
World stocks have eased from the previous session's record highs while the US dollar reached its highest in eight days, after hawkish remarks from a senior US Federal Reserve official.Fed Vice Chair Richard Clarida, a major architect of the Fed's new policy strategy, said he felt the conditions for raising interest rates could be met by the end of 2022, raising expectations the central bank could scale back its bond-buying program soon.
BusinessAustralian Associated PressNick Scali doubles full-year profit
Furniture trader Nick Scali has doubled its full-year profit, but will not forecast its next lot of earnings due to coronavirus lockdowns.The company on Thursday revealed net profit after tax of $84.
BusinessAustralian Associated PressWorld shares ride earnings to fresh high
Global shares rode earnings to a record high, while the dollar and Treasury yields languished in the wait for US employment data to provide clues to the pace of monetary tightening in the world's biggest economy.Strong corporate profits have eased concerns over the COVID-19 pandemic, as vaccine roll-outs continue apace in developed markets, despite a resurgence of cases in Asian countries including China.
