ASX 200 erases losses to end flat
Fletcher drops 11 per cent on profit warning. Household spending growth slows: CBA. PwC restructures. Business conditions ease: NAB. Lendlease down as fights tax bill, sets investor day. ASIC probes ANZ bonds sale.
Commonwealth Bank Of Australia
CBA defeats money laundering disclosure class action
CBA has declared victory in a long-running shareholder class action over allegations it breached disclosure obligations relating to anti-money laundering compliance.
Energy stocks, banks lift ASX
ASX 200 up 1.6 per cent this week. UK exits recession. Financial stress at highest in 8 years: NAB. CBA shareholder class actions dismissed. Bonza administrators in talks with ‘interested parties’. Life360 drops.
WNBL stars in limbo as CBA stalemate delays free agency
A host of WNBL players, headlined by the legendary Lauren Jackson, have been left in limbo after the free agency period was delayed for a second time in just months. Find out why inside.
Rates unlikely to move higher: CBA’s Comyn
The nation’s largest lender does not expect the RBA to raise rates any higher, and supports stage three tax cuts amid inflationary concerns.
One thing propping up Aussie economy
As the Commonwealth Bank boss announced a profit slide, he said one thing was providing a “tailwind” for the Australian economy.
ASX drops 1.1pc on CBA, retail stocks
The sharemarket has closed 1.1 per cent lower, with banking and retail stocks leading the losses. CBA records biggest fall in three weeks. Super Retail, JB Hi-Fi sales disappoint. Baby Bunting tanks.
ASX ends up 0.7pc; Westpac lifts investor mood
Australia’s sharemarket rose for a third day running, tracking the US market to its highest daily close in almost two weeks, after cooling non-farm payrolls data gave hope of a soft economic landing with interest rate cuts.
RBA rate hike on the cards, CBA warns
CBA’s Gareth Aird warns a rate hike is the near-term risk, as he pushes out expectations for the easing cycle.
ASX up as interest rate jitters recede
The sharemarket extended its gains, closing up 0.4 per cent. Origin, NSW in talks to extend Eraring by four years. CBA pushes back rate cut call. Weak retail data hits Aussie dollar. ASIC sues Magnis and chair. Worley falls.
CBA rebuked for scrapping bonus caps
ASIC has labelled Commonwealth Bank’s move to officially scrap best practice bonus caps for home loan bankers ‘disappointing’.
CBA snaps up top Macquarie Private Wealth executive
CBA is boosting up its ranks within its private bank
Scrappy Parra shake off pressure as Sydney curse haunts Cowboys
They were far from perfect, but the Parramatta Eels remain in touch with the top-eight, as the Sydney curse continues to haunt the Cowboys.
Surprising group buying up homes
Aussies are battling explosive house price growth with a smart new trick that means they can buy a property without moving out into the boondocks.
Why this top fund manager is backing gold
Collins St Asset Management says a valuation gap with gold miners is set to close rapidly, potentially within months. Also today: EY prepares to announce layoffs. RBNZ holds rates. Dubber sacks CEO.
ASX lifts; APM, Elders tank; iron ore jumps
Extend grocery code to Amazon, Costco: Woolworths. APM, Elders in profit warnings. Beach dives on Waitsia cost blowout. Platinum’s $527m net outflows. Ex-NAB boss Andrew Thorburn joins HammondCare.
Good profits make for jobs and a prosperous nation
Company bosses should not be distracted by woke social agendas.
Warning to online banking customers
An online banking customer has urged others to update their passwords after they couldn’t access their account.
Tigers star charged and facing ban for hip drop after thrilling win
The Wests Tigers emerged as one-point victors over rivals Parramatta, but the thrilling win came at a cost, with one of their star playmakers set for suspension after being charged for a hip drop tackle.
CBA boss calls for radical tax overhaul
CBA boss Matt Comyn has issued a bold call for sweeping tax reforms to revive Australia’s flagging economic prospects.
Keep wage rise to a sensible level
The purpose of such a pact is to encourage investment and drive productivity and growth. Such outcomes are essential if living standards are to be maintained and to improve.
Talagi touchdown: How collapsed lung threatened rise to top
A collapsed lung threatened to end Blaize Talagi’s season in 2023 and put a halt in his rise to first grade. That pain is now a distant memory after the young gun scored a try on his victorious NRL debut.
CBA backs start-up for sanctions compliance
Global Screening Services, a regulatory technology company, has secured a $47m funding check from a consortium of investors including the Commonwealth Bank.
Heavyweights drag ASX 200 lower
CBA, BHP, Woodside declines weigh. RBA notes resilient borrowers as mortgage arrears soar. Myer executives exit ahead of Wirth entry. Fisher & Paykel jumps. Aspen’s Eureka play hits Cottle hurdle.
Every player rated from Socceroos’ win against Lebanon
A Keanu Baccus worldie will dominate post-match coverage but it wasn’t a perfect night for the Socceroos. ERIN SMITH rates every Aussie from the qualifier.
Socceroos face injury crisis as Cup qualifier win comes at a cost
Socceroos head coach Graham Arnold expects to be without two creative players as he continues to search for the key to unlocking opposition defences.
Electric vehicles cost more to own, study finds
A new paper by the Commonwealth Bank claims that EVs could cost more to own over five years than their petrol equivalents.
Call time for board directors after six years
Former Commonwealth Bank chair Catherine Livingstone says board directors should consider six-year terms rather than staying on for nine or 10 years.
Bank’s grim prophecy for thermal coal
Commonwealth Bank has tipped the price of thermal coal to halve by the end of 2026, with local coal miners shifting their portfolios to met coal.
Reality check: Swiftmania fails to deliver boost to economy
An expected boost from 600,000 Swifties attending the Taylor Swift’s Eras tour last month has failed to offset a broader pullback in household spending, according to an analysis of 7 million CBA customers.
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