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Commonwealth Bank of Australia News

News on Commonwealth Bank of Australia (Ticker: CBA) continually updated from thousands of sources around the net.

Yesterday | Reuters

Australia shares lose ground on China data, miners recover modestly

Australian shares dipped 0.7 percent on Monday led by a confluence of negative factors including weak economic data from China and investor concerns that the U.S. Federal Reserve may raise interest rates sooner than expected. China, Australia's largest export market, posted the weakest pace of expansion in factory output in nearly six years over the weekend while growth in other key sectors also cooled, raising fears it may be at risk of a sharp slowdown unless Beijing takes fresh stimulus measures.

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Related Topix: World News, China, Asia, Automakers, Brilliance China Automotive Holdings, Banking, Financial Services

Fri Sep 12, 2014

jdsupra.com

A Win for Employers: High Court of Australia Rejects the Expansion of Employment Law Rights

The High Court of Australia has handed down a much anticipated decision in Commonwealth Bank of Australia v Barker [204] HCA32 with respect to the implied term of mutual trust and confidence in employment contracts. The Federal Court had previously held that employment contracts contain an implied term of mutual trust and confidence.

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Environmental Leader

GE, McDonald's, Starbucks, Nike Cut from DJSI

Amgen, Commonwealth Bank of Australia and GlaxoSmithKline are new additions to the Dow Jones Sustainability Indices, while Bank of America , General Electric , McDonald's , Starbucks and Nike are among the companies to get cut from the indices this year. The DJSI World is the first global index to track the financial performance of the leading sustainability -driven companies based on an analysis of financially material economic, environmental and social factors.

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Related Topix: Automakers, Brilliance China Automotive Holdings, Banking, Financial Services, Biotech, Medicine, GlaxoSmithKline, Healthcare Industry

Thu Sep 11, 2014

Reuters

Australia shares slip to 4-week lows on rising bond yields, miners edge higher

Australian shares were down 0.4 percent to four-week lows on Friday as investors exited equities on the back of rising bond yields, though an uptick among recently-routed mining stocks steadied the market. Commonwealth Bank of Australia dipped 0.6 percent, while Westpac Banking Corp lost 0.7 percent.

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Related Topix: Financial Markets, Automakers, Brilliance China Automotive Holdings, Banking, Financial Services, Australia, World News,

Tue Sep 02, 2014

The Age

Dollar in 30 minutes of freefall

The Australian dollar plunged below US93 for the first time in more than a week, dropping in the wake of a weakening yen and as the Reserve Bank of Australia continued its mild jawboning of the currency.

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Fri Aug 29, 2014

The Age

Banks demand bail-out protection

Standard & Poor's said a bail-in scheme 'could have implications for our ratings' of the big four banks and Macquarie.

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Related Topix: Australia, Oceania, World News, Automakers, Brilliance China Automotive Holdings, Banking, Financial Services

Thu Aug 28, 2014

The Age

Is this the end of the banks' golden run?

While the banks reported bumper results, there's concern it may be as good as it gets for investors.

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Related Topix: Financial Services, Automakers, Brilliance China Automotive Holdings, Banking, National Australia Bank

Mon Aug 25, 2014

Reuters

Australia shares edge higher in choppy trade, banks buoy

Australian shares added 0.1 percent on Tuesday, as banks and insurers helped lift the market to follow Wall Street higher overnight, but resource stocks underperformed as spot iron ore prices remained locked near the year's lows.

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Fri Aug 22, 2014

Reuters

CBA targets retail for bond hybrid sale

Australia's biggest bank is pressing ahead with plans to offer complex hybrid capital securities to retail buyers even after the UK regulator deemed the format too risky for individual investors.

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Related Topix: Financial Services, Automakers, Brilliance China Automotive Holdings, Banking, Financial Markets

Tue Aug 19, 2014

Bloomberg

Five Takeaways From RBA Governor Glenn Stevens's Testimony

Reserve Bank of Australia Governor Glenn Stevens delivered his semi-annual testimony to a parliamentary panel in Brisbane today in which he indicated lower interest rates were unlikely to accelerate growth; rather, what the economy needed was a release of "animal spirits."

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Bloomberg

Last Aussie Bull Capitulates as CBA Pares Rate Bets: Currencies

Commonwealth Bank of Australia is losing faith in the ability of the local dollar to extend its world-beating gains this year.

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Mon Aug 18, 2014

The New Zealand Herald

Ralph Norris named new Fletcher Building chair

Fletcher Building has announced former Air NZ and Commonwealth Bank of Australia chief executive Ralph Norris as its new chairman.

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Stuff.co.nz

Sir Ralph Norris new Fletcher chairman

Waters, who first signalled his plan to retire from the company last year, will end his 13-year involvement with the company on October 21. He joined Fletcher Building in 2001 as chief executive and served in that role until 2006.

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Related Topix: Automakers, Brilliance China Automotive Holdings, Banking, Financial Services, Food, Fonterra Cooperative Group

Bloomberg

Milk-to-Lamb Rally to Buoy Best-to-Worst Kiwi: Chart

Pricier lamb and China's increasing thirst for milk signal New Zealand 's dollar may halt the declines since July that turned the world's best-performing major currency into the worst.

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The Age

CBA chief pay jumps over $8 million

Commonwealth Bank of Australia chief executive Ian Narev has received just a slight boost to his pay, up 1.2 per cent to $7.9 million, despite another record profit up 12 per cent to $8.6 billion.

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Sun Aug 17, 2014

Reuters

Commonwealth Bank of Australia to raise A$2 bln via subordinated notes

Commonwealth Bank of Australia , the country's No.1 lender by market value, said on Monday that it will raise A$2 billion through subordinated, unsecured notes to help fund its business.

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