Finance news you need to know today

THE Commonwealth Bank has reported a five per cent rise in full-year net profit to a record $9.063 billion, while CBA shares went into a trading halt as it announced a $5 billion capital-raising.

Finance news you need to know

HERE are seven things making news in business and finance around the world today.

SYDNEY — Australia’s biggest bank, the Commonwealth, this morning reported a five per cent rise in full-year net profit to a record $9.063 billion, broadly matching expectations. Shares in the financial institution went into a trading halt as it announced a $5 billion capital-raising to meet tougher regulatory requirements.

SYDNEY — Chinese wireless mobile phone technology specialist ENICE hopes to raise up to $38 million from Australian investors ahead of a listing on the ASX in October.

ATHENS — Greece’s government has announced it has reached the outline of a deal for an international bailout worth 85 billion euros ($A126.4 billion) to save its stricken economy from collapse.

WASHINGTON — US productivity rose at a moderate pace in the April-June quarter as growth picked up and hiring remained steady.

WASHINGTON — US wholesalers increased their stockpiles in June by the largest amount in more than a year, while sales crept up slightly.

KAMPALA — The Uganda government has listed 16 international firms, including from Australia, that are authorised to bid for oil exploration rights to six blocks of land near Uganda’s border with Congo.

MOUNTAIN VIEW, California — Symantec will sell its Veritas information management business for $US8 billion ($A10.80 billion) in cash with plans to funnel proceeds back into its main line of work, cybersecurity, and to buy back shares.