BusinessAustralian Associated PressWorld stocks hit record high
Global stocks have hit record highs as tech shares on Wall Street cheered receding US inflation fears, with the lack of inflation pressure keeping bond yields near two-week lows.Federal Reserve Chair Jerome Powell reiterated late on Thursday that inflation was not a worry, following data showing an unexpected rise in the number of Americans filing new claims for unemployment benefits.
BusinessAustralian Associated PressShares at record highs on lockdown easing
Stocks in Europe have reached record highs, buoyed by optimism in Britain over easing lockdown restrictions, while a benign outlook for US interest rates was set to push Wall Street to new heights.The European STOXX index of leading 600 companies rose 0.
BusinessAustralian Associated PressScentre investors hit out against exec pay
Investors in Westfield-owners Scentre Group have served a 'first strike' on executives' pay, after the company leaders produced a full-year loss and reduced final dividend.Investors participating in the company's annual general meeting on Thursday cast a 51 per cent vote against executives' remuneration, following pandemic-plagued results.
