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Finance news you need to know today

THE Australian share price index is stronger after US stocks and base metals prices rose, helped by gains in American technology shares.

The local market is closed on Friday for the Good Friday public holiday.

At 0700 AEDT on Friday, the Australian share price futures index was up 10 points, or 0.17 per cent, at 5,746.

Australian shares on Thursday closed lower, with weakness among mining and energy stocks and a dip in ANZ outweighing modest gains elsewhere.

The Australian dollar on Friday morning is flat, in quiet trade ahead of the Easter long weekend.

At 0700 AEDT, the local currency was worth 76.80 US cents, up from 76.79 US cents on Thursday.

WORLD FINANCE UPDATE:

WASHINGTON — US President Donald Trump has accused Amazon.com of not paying enough tax, taking advantage of the US postal system and putting small retailers out of business, but did not present any evidence to back up his criticisms or suggest any specific actions he planned to take.

DUBLIN — Ryanair has cancelled at least 20 flights to and from airports in Portugal on the first of three days of planned strikes by a cabin crew union, according to flight information on the airline’s website.

LOS ANGELES — Apple Music has added thousands of videos to its service, including new ones from A Tribe Called Quest, Beck and Kylie Minogue.

THURSDAY HIGHLIGHTS:

NINE ENTERTAINMENT — Nine Entertainment has snatched Australian tennis broadcasting rights from long-term holder Seven Network for $60 million per year, in the latest plot twist in the current sports rights negotiations.

MAGELLAN — Magellan has quit its naming rights deal with Australian Test cricket, calling the ball-tampering scandal “inconsistent with our values”.

JOB VACANCIES — The number of job vacancies in Australia has continued to climb, with new official data showing a concerted rise in job opportunities in both the private and public sectors.

STAR ENTERTAINMENT — Casinos operator Star Entertainment Group says its deeper strategic alliance with two Hong Kong property, hotel and retail giants is transformative for the company because it will help attract more visitors from key markets in Asia.

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