Shares surge on New York high- SCG 30.54 1.3% - RIO 80.60 1.1%
  Breaking News

Easter profit-takers skin shares
A flurry of profit-taking ahead of the Easter break combined with a weaker Wall Street overnight to send the Australian share market backwards on Wednesday. IMF warns of threats to world markets
Threats are emerging to global financial markets from higher interest rates and an unwinding of global imbalances, the International Monetary Fund has warned.

 

MacBank signs lease on US toll road
Officials turned over a 253 kilometre toll road to a Spanish-Australian consortium overnight, signing the largest highway privatisation lease in the United States .

Trade deficit decline lifts
Wall St

US stocks ended a quiet session with a moderate gain overnight on strong earnings news and a decline in the trade deficit.

 

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EQUITIES

Shares pause to catch breath
The stockmarket closed slightly weaker on Friday with profit-taking in some mining stocks after a storming week of gains.
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