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Dryness raises alarm over Western Australia crops
Western Australia joined the list of major grain-producing areas where crops are under threat of dry weather, which has already killed some canola crops, even as rains refreshed many eastern areas of Australia.
Commonwealth Bank of Australia has cut interest rates on some fixed rate home loans by up to 0.4 percentage points.
Hong Kong shares seen higher, but set for third weekly loss
Hong Kong shares were set to start higher on Friday, tracking gains on Wall Street, but the benchmark Hang Seng Index is set for a third-straight weekly loss.
Stocks to watch at noon on Friday
Commonwealth Bank of Australia has cut interest rates on some fixed rate home loans by up to 0.4 per cent.
Champion Bear Completes Equity Offering
Champion Bear Resources Ltd. announced today that it has completed a private placement of 550,000 common shares of the Corporation at a price of $0.15 per share for total gross proceeds of $82,500. Champion Bear intends to use the proceeds of the offering to further exploration programs on the its wholly-owned Eagle Rock Cu-Au-Pt-Pd Property ... (more)
Morning markets: cotton, soybeans lead rebound in ag prices
US weekly export sales data are often something of a highlight of the agricultural commodities week, giving an insight into demand for agricultural commodities from the world's top exporter of corn , cotton and soybeans .
Australian Stock Market Report - Afternoon 5/24/2012
The Australian sharemarket kicked off the session a little higher for the third time this week, only to start losing ground following some disappointing economic data in .
BMW to Boost China Investment - plans to invest 500 million Euro
Germany's Bayerische Motoren Werke AG - BMW and its Chinese partner Brilliance China Automotive Holdings Ltd.
Australian Fund Managers Feel Strain From Europe's Debt Crisis
Australian fund managers may be on the other side of the world from the drama unfolding in Europe, but local wealth managers are nonetheless feeling the impact from the region's debt crisis.
CBA retail head search goes global
Commonwealth Bank of Australia has begun a global search for candidates to fill the big hole that will be left by outgoing retail banking services group executive Ross McEwan.
Top Australian banks are part of syndicate for AUD1.2bn credit to ConnectEast
Lloyds' Australian arm BOS International, a Canadian and a Japanese bank as well as Australia and New Zealand Banking Group , National Australia Bank , Commonwealth Bank of Australia and Westpac have pledged funds under the facility, which will have maturities of three, five and seven years, the source said.
David Jones Seen Luring LBO on Lowest Value Since ?04: Real M&A
With David Jones Ltd. trading at the lowest price to its net assets in eight years, the Australian department store's real estate is making it a buyout candidate.
Call for enforced gender reporting
The chair of the Global Women organisation, former prime minister Jenny Shipley, is urging the NZX to follow its Australian counterpart and make reporting on gender diversity mandatory.
Morning markets: crop price falls limited by weather scares
There was very much a 2011 feel about financial markets, as downgrades to a range of Spanish banks, plus mounting fears of an exit from the eurozone for Greece, which faces fresh elections next month, encouraged very much a risk-off feel.
CBA posts A$1.75b quarterly cash profit
Commonwealth Bank of Australia - owner of ASB in New Zealand - delivered a third-quarter cash profit of A$1.75 billion but said demand for loans remains subdued, while competition for deposits is hurting profit margins.
Commonwealth Bank Quarterly Profit Rises on Lower Bad Debts
Commonwealth Bank of Australia, the nation's biggest bank by market value, said third-quarter profit rose 2.9 percent as charges for bad debts fell.
Commonwealth Bank Reports 3% Gain In Quarterly Cash Profit
SYDNEY Commonwealth Bank of Australia on Thursday reported a 3% rise in cash profit in the third quarter of fiscal 2012, as subdued credit demand and high funding costs continued to eat into its profit margins.Cash profit--a smoothed measure more closely watched by investors--was A$1.75 billion in the period--up from A$1.7 billion in the same ... (more)
Stocks to watch at close on Thursday
Building materials producer Adelaide Brighton expects sales to improve slightly in 2012, but challenges remain because of weak construction activity.
AUSTRALIAN shares have opened marginally higher after the Commonwealth Bank of Australia posted a profit of $1.7 billion for the three months to March.
Australia's CBA Q3 profit rises 3 pct, bad-debt charges fall
Commonwealth Bank of Australia , the country's top lender by market value, said on Thursday its third-quarter cash profit rose 3 percent as a fall in bad-debt charges outweighed softer demand for mortgages and higher funding costs.