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...Commonwealth Bank of Australia, the country’s largest bank, will return up to A$2bn (US$1.4bn) to shareholders through an on-market share buyback programme, after it reported a half-year profit of A$4.7bn...
...The UK government plans to use next year’s Commonwealth Games, which are scheduled to take place in Birmingham, to boost investment and trade with participating countries....
...This comes as Australia’s big four — Commonwealth Bank of Australia, National Australia Bank, ANZ Bank and Westpac — are struggling to grow or are even shrinking....
...The economic calendar for Wednesday is rock solid (all times Hong Kong): 07.50: Japan current account balance 09.00: Philippines imports, exports and trade balance 09.30: Australia home loans 15.05: Thailand...
...Beyond the Square Mile Commonwealth Bank of Australia has picked an insider as its next chief executive, following a series of scandals that had prompted calls for a “total refresh” and cultural change...
...On the debt market, Puerto Rican government debt slid as investors sold positions after the US commonwealth failed to make a requisite payment on one of its bonds on Saturday, setting off what is likely...
...(1.09) $/¥ 119.16 (119.18) £/$ 1.49 (1.48) €/£ 0.7329 (0.7328) Commodities ($) Brent Crude (ICE) down -1.03 at 58.16 Light Crude (Nymex) down -1.08 at 50.35 100 Oz Gold (Comex) 1,205 Copper (Comex) down...
...Ministers at the Home Office, Ministry of Justice and Foreign and Commonwealth Office have now developed an action plan to improve their response....
...The US unit was a shade lower against the yen at Y98.09....
...Hill was the first man officially to break the two hours and 10 minutes time-barrier for a marathon, clocking 2.09 to take gold at the 1970 Commonwealth Games in Edinburgh....
...But top home lender Commonwealth Bank of Australia dropped 1.4 per cent to A$49.15 after the bank said its net interest margin had narrowed in the first quarter due to a rate war....
...Commonwealth Bank of Australia gained 1.8 per cent to A$52.30 while Mitsubishi UFJ Financial Group rose 2.1 per cent to Y390 in Tokyo....
...at 1,327 Bovespa unchanged 0.00% at 59,082 Asia Nikkei 225 up +1.17% at 10,006 Topix up +0.81% at 860.66 Hang Seng up +0.46% at 22,004 Shanghai Composite down -0.10% at 2,794 MSCI Asia ex-Japan up +1.09%...
...turned down games The FT reports, insurers in the Lloyd’s of London market said they would not provide cover to ticket sellers, broadcasters or merchandise producers for cancellation or disruption of the Commonwealth...
...Between 2006-07 and 2008-09, bad debt expenses increased five-fold from A$2.4bn to A$13.2bn....
...On the trade front, agricultural exports began to rebound in 2008-09 following years of drought, while sales of coal and iron ore, the country’s top export earners, were governed by annual contracts that...
...The Kospi index rose 1.2 per cent to 1,649.09....
...Commonwealth Bank of Australia gained 2.1 per cent to A$46.83, National Australia Bank advanced 3.8 per cent to A$28.34 and ANZ climbed 2.8 per cent to A$21.95....
...Westpac slipped 1.8 per cent to A$24.09. National Australia Bank lost 3.2 per cent to A$28.10 and Commonwealth Bank 2 per cent to A$46.67....
...Westpac slipped 1.8 per cent to A$24.09. National Australia Bank lost 3.2 per cent to A$28.10 and Commonwealth Bank dropped 2 per cent to A$46.67....
...Incitec Pivot, Australia’s largest fertiliser maker, rose 3 per cent to A$3.09....
...Commonwealth Bank rose 2.6 per cent to A$44.35 and Westpac climbed 3.9 per cent to A$22.93....
...The Nikkei 225 Average ended the week 0.5 per cent higher at a fresh 10-month peak of 10,412.09 while the broader Topix gained 0.7 per cent to close at 956.76....
...Sir Win is seen by some investors as tainted by his Citigroup chairmanship in 2007-09, where he was accused of not guiding an inexperienced chief executive, Vikram Pandit, firmly enough....
...Woodside Petroleum rose 5.4 per cent to A$40.49 and rival Santos gained 4.9 per cent to A$17.09....
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