Brilliance China Automotive Holdings News

SYDNEY Commonwealth Bank of Australia said Monday it will increase the cost of its home loans independently of any move in Australia's official cash rate, closely following similar moves by local peers last week.Australia's largest bank by market value said in a statement it will hike its standard variable interest rate by 10 basis... ... Read the ... (more)

The Australian sharemarket has kicked off the new trading week higher, with the All Ordinaries Index up 0.9 pct or 36.8 pts to 4359.4. Futures were initially pointing to a slightly lower start to trade, however turned positive once the Greek parliament passed new austerity measures despite a number of violent protests in seven Greek cities.

COMMONWEALTH Bank of Australia has hiked its standard variable interest rate on home loans by 10 basis points.

Are NZ banks about to follow in the steps of their Australian parents and start hiking interest rates despite no central bank move? Photo / Sarah Ivey ANZ and Westpac announced increases in their floating mortgage rates in Australia on Friday, even though there had been no change in the Official Cash Rate.

India's Adani Enterprises is finalising a A$1.4 billion project finance loan with a group of lenders to replace a US$2 billion bridge loan raised to buy an Australian coal terminal last year, two sources said.

THE intensive stock reduction by top executives at Brilliance China Automotive Holdings Ltd has caused a 10 percent decline in its stock price since mid-January, leading to concerns that the Chinese partner of BMW may be overvalued.

Commodities traded lower. The service sector index expanded at the fastest pace in five months in January.

Australia 's services industry expanded in January, snapping three straight months of declines, as back-to-back interest-rate reductions boosted businesses including accommodation, cafes, finance and recreation.

The Australian and New Zealand dollars strengthened as Asian equities extended a global stocks rally, spurring investor appetite for higher-yielding assets.

BANKSA and St George Bank are the latest Australian banks to be taken to court by customers angry at the fees they are charged.

AN aggressive book-cleaning operation by the Commonwealth Bank of Australia after its 2008 takeover of Bankwest that allegedly resulted in scores of business failures is set to be investigated by federal Parliament.

After trading in the red for part of the morning, the Australian sharemarket is now gaining for the third time in five days.

First State Investments, the UK asset management arm of the Commonwealth Bank of Australia, has called in MHP Communications to handle its European media relations.

SYDNEY/NEW YORK/SINGAPORE, January 30 Fitch Ratings says that in conjunction with its broad review of the largest banking institutions in the world and following the newly-published special report on major banks in Australia and Canada, Fitch has placed four major Australian banks' Long-Term Issuer Default Ratings and Viability Ratings together ... (more)

The Australian sharemarket managed to improve for the second time this week and for the fourth consecutive week.

Jan 25 - Fitch Ratings has assigned Commonwealth Bank of Australia's AUD3.5bn 5-year residential mortgage covered bonds a 'AAA' rating.

The Australian sharemarket is gaining for the first time this week, with the All Ordinaries index up 0.7 pct or 28.9 pts to 4315.3. The question remains if we can hold onto these gains for the whole session.

Bankwest managing director Jon Sutton is returning to a senior executive role at Commonwealth Bank of Australia, with CBA executive general manager of retail and business banking Rob De Luca set to take the top job at Bankwest.

People walk past a Commonwealth Bank branch in Sydney, Australia, Wednesday, Feb.

Both the ASX and Nikkei225 ended the session almost unchanged from opening levels.