WORLD FINANCE UPDATE:
The Australian dollar has lost further ground, continuing its downward trajectory spurred by lower-than-expected March quarter inflation figures.
At 0630 AEST on Friday, the Australian dollar was trading at 92.62 US cents, down from 92.95 on Thursday.
The Australian share market is closed on Friday for the Anzac Day public holiday.
At 0645 AEST on Friday, the June share price index futures contract was up 11 points at 5,534.
WASHINGTON – The International Monetary Fund will take a final decision on a huge rescue plan for embattled Ukraine on April 30.
WASHINGTON – New orders for US manufactured durable goods such as cars, aeroplanes and computers rose in March, the second straight gain of the year.
WASHINGTON – The number of people seeking US unemployment benefits surged 24,000 to a seasonally-adjusted 329,000 last week, though the gain likely reflected temporary layoffs in the week before Easter.
MADRID – Spain’s economy appears to be growing at the fastest clip since a 2008 property crash tipped the nation into a job-wrecking, double-dip recession, the central bank says.
WASHINGTON – US regulators have proposed new restrictions on the soaring $US2 billion ($A2.2 billion) market in e-cigarettes, which until now have been free from federal oversight.
LONDON – London’s landmark “Gherkin” office tower, one of the most recognisable sights on the British capital’s skyline, has been placed into receivership.
NEW YORK – Visa Inc’s profit jumped 26 per cent in its fiscal second quarter from a year earlier as the company benefited from strong growth in payments volume, service revenue and a one-time tax gain.
REDMOND, Washington – Microsoft Corp posted flat revenue and a decline in net income for the fiscal third quarter.
GENEVA – Swiss pharmaceuticals giant Novartis has posted a 24-per cent jump in first-quarter net profit, driven largely by the sale of a blood transfusion diagnostics unit.
NEW BRUNSWICK, New Jersey – Johnson & Johnson chief executive Alex Gorsky says all three of its business segments are doing well and made significant medical advances last year.
NEW YORK – Facebook has bought the fitness app Moves, which helps users monitor daily physical activity and their calorie counts on a smartphone.