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ASX 200 rises; RBNZ surprise rate cut; CBA cash profit slips; ASIC sues ASX; APRA orders review into CFMEU-linked super funds

RBNZ begins easing with first rate cut since 2020. ASIC sues ASX over CHESS statements. APRA orders review into CFMEU-linked super funds. CBA profits slip. Seven Group underlying profit jumps, Seven West Media earnings sink. 

Results from the nation's largest mortgage lender will underpin investor sentiment. Picture: Lisa Maree Williams/Getty Images
Results from the nation's largest mortgage lender will underpin investor sentiment. Picture: Lisa Maree Williams/Getty Images

Welcome to the Trading Day blog for Wednesday, August 14. The ASX 200 index trimmed early gains, closing 0.3 per cent higher to 7859.70 points.

The Aussie dollar is trading around US66.41c at 5.30pm AEST.

Originally published as ASX 200 rises; RBNZ surprise rate cut; CBA cash profit slips; ASIC sues ASX; APRA orders review into CFMEU-linked super funds

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Original URL: https://www.themercury.com.au/business/companies/asx-200-to-rise-cba-seven-group-agl-results-ahead-nasdaq-leads-us-gains/live-coverage/d1677550acb743100a91e83806426a76