Australia’s biggest bank warns of economic downside as profit dips SYDNEY: Commonwealth Bank of Australia on Wednesday warned of downside economic risks building in Australia from... Published 14 Feb, 2024 10:21am
Markets Dollar scales fresh peaks as Fed cut bets recede SINGAPORE: The dollar rose to an eight-week high against its major peers on Monday as traders clawed back bets for... Published 05 Feb, 2024 10:02am
Business & Finance Aussie ‘big four’ banks hike home loan rates after RBA decision Commonwealth Bank of Australia , the country’s largest lender, on Thursday joined the other three big banks in... Published 09 Nov, 2023 11:49am
Markets Dollar broadly up, threatens 150 yen as benchmark Treasury yield climbs SINGAPORE: The dollar was within a hair’s breadth of the closely watched 150 yen level on Friday, buoyed by a surge... Published 20 Oct, 2023 09:48am
Markets Oil dips below $90 a barrel as US agrees Venezuela deal LONDON: Oil futures fell on Monday on reports that the U.S. had agreed a deal to ease sanctions on Venezuela, while... Updated 16 Oct, 2023 08:06pm
Business & Finance Australia Aug inflation data adds to case for pause in rate hikes next month SYDNEY: Gains in Australia’s inflation for August were in line with expectations and a measure of core inflation... Published 27 Sep, 2023 11:27am
Markets Australia, NZ dollars face fourth weekly loss, threaten major support SYDNEY: The Australian and New Zealand dollars were facing a fourth straight weekly loss on Friday as yield... Published 11 Aug, 2023 10:34am
Markets Financials pull Australian shares lower; key US data in focus Australian shares dropped on Thursday as a drag in financials weighed on the index, while investors globally awaited... Published 10 Aug, 2023 09:54am
Markets Australia’s Commonwealth Bank posts record profit as rates rise SYDNEY: Australia’s biggest lender Commonwealth Bank reported a record annual profit Wednesday as it raked in money... Published 09 Aug, 2023 12:10pm
Markets Oil slips as weak China data offsets tightening supply NEW YORK: Oil prices fell by about 1% on Tuesday after data showed China’s crude imports and exports fell much more... Updated 08 Aug, 2023 09:16pm
Markets Commonwealth Bank of Australia could cut up to 200 jobs Commonwealth Bank of Australia, the country’s biggest lender, could cut up to 200 jobs, a source familiar with the... Published 26 Jul, 2023 02:45pm
Markets Sterling takes a beating; dollar gains ground SINGAPORE: Sterling was struggling to recover from a sharp fall on Thursday following UK inflation data that... Published 20 Jul, 2023 09:26am
Markets Dollar teeters near one-year low; euro scales 17-month peak SINGAPORE: The dollar wobbled near an over one-year low against its major peers on Tuesday, as investors awaited... Published 18 Jul, 2023 09:35am
Markets Yuan slides after China cuts lending benchmarks; Aussie down SINGAPORE: The yuan slipped toward seven-month lows on Tuesday as China cut lending benchmarks, while the Australian... Published 20 Jun, 2023 09:27am
Markets Dollar dips ahead of US inflation data, central bank meetings SINGAPORE: The dollar edged broadly lower on Tuesday but traded in a narrow range, as investors remained cautious... Published 13 Jun, 2023 09:51am
Markets Commonwealth Bank of Australia removes international money transfer fee Commonwealth Bank of Australia , the country’s biggest lender, said on Tuesday it was removing transaction fees for... Published 06 Jun, 2023 10:30am
Markets Commonwealth Bank to raise $500mn via AT1s, first Aussie major bank issue since Credit Suisse SYDNEY: Commonwealth Bank of Australia on Tuesday launched a new AT1 hybrid security issue aiming to raise A$750... Published 16 May, 2023 10:46am
Markets Australia’s CBA, Westpac expect rate-hike pause in April; other top banks vary Commonwealth Bank of Australia (CBA) expects the country’s central bank to pull brakes next week on one of the most... Published 30 Mar, 2023 11:40am
Markets Australia, NZ dollars ease but hold most gains on yen as banking fears ease SYDNEY: The Australian and New Zealand dollars eased on Thursday but held on to most of their hefty gains on the yen... Published 30 Mar, 2023 09:58am
Markets Dollar on the defensive as banking fears ebb; yen drops TOKYO: The safe-haven US dollar remained on the back foot on Wednesday following two days of losses as global... Published 29 Mar, 2023 09:30am
Markets Dollar buoyant as robust US data keep Fed hawks in control SINGAPORE: The dollar was on the front foot on Monday, supported by a strong run of economic data out of the United... Published 20 Feb, 2023 08:57am
Markets Dollar wobbles after US inflation data, yen on the rise SINGAPORE: The dollar swayed on Friday as cooling US inflation raised hopes of the Federal Reserve slowing the pace... Published 13 Jan, 2023 10:46am
Markets Dollar slips as risk sentiment improves after Fed minutes SINGAPORE: The US dollar was broadly weaker on Thursday as investors, encouraged the prospect of a slower pace of... Published 24 Nov, 2022 09:30am
Markets Dollar rallies as Fed signals more rate hikes; pound drops LONDON: The dollar rose on Thursday, buoyed by a sharp rise in Treasury yields, after the Federal Reserve signaled... Updated 03 Nov, 2022 02:20pm
Markets Miners, gold stocks push Aussie shares to 1-1/2 month high Australian shares rose to their highest levels in over a month on Thursday, helped by firm commodity prices,... Updated 27 Oct, 2022 01:46pm
Markets Sterling dips after Truss resigns, fragile yen weakens past 150 level SINGAPORE: Sterling edged lower on Friday as investors digested the news that British Prime Minister Liz Truss had... Published 21 Oct, 2022 09:39am
Markets Corn at six-week high as heat curbs US yields; wheat extends climb SINGAPORE: Chicago corn jumped to its highest level in more than one month on Tuesday, gaining 2.4% after a US... Published 23 Aug, 2022 11:20am
Markets Dollar resumes slide as stock markets tentatively pick up LONDON: The US dollar resumed its backward slide on Monday as risk appetite across markets tentatively strengthened,... Updated 30 May, 2022 05:48pm
Markets Fed meeting hogs spotlight, yen keeps sliding HONG KONG: The yen remained under pressure on Tuesday and the euro edged higher as talks between Russian and... Published 15 Mar, 2022 01:08pm
Markets Australian shares jump as Commonwealth Bank, tech stocks soar Australian shares closed more than 1% higher on Wednesday, as top lender Commonwealth Bank of Australia soared on a... Published 09 Feb, 2022 12:06pm