16 hrs ago
Australia shares down 0.6 pct as mining services slump, banks retreat
Australian shares fell 0.6 percent on Tuesday, with banks taking a break from recent sharp gains while a series of profit warnings took a heavy toll on mining services firms.
Mon May 20, 2013
Australian shares finish higher on Wall St gains
Australian shares finished the session up 0.5 percent on Monday underpinned by a broad rally as upbeat economic data propelled Wall Street to record highs.
Wed May 15, 2013
Australia Stocks Edge Up, But Miners Extend Losses
Australian stocks were higher in early action Thursday, led by financial, energy and retail sector gains, but further weakness in mining shares limited the benchmark's advance.
Tue May 14, 2013
Commonwealth Bank Profit Rises
Commonwealth Bank of Australia said profit climbed 12% in its fiscal third quarter, as the lender squeezed higher profit from loans after holding back central bank rate cuts from its customers.
Australia's CBA posts Q3 profit rise on higher net interest margin
Commonwealth Bank of Australia , the country's top lender by market value, on Wednesday posted an 8.57 percent rise in third-quarter cash profit to A$1.9 billion , helped by a higher net interest margin.
Fri May 10, 2013
Video: Yen May Fall to 110 Per Dollar This Year, CBA Says
Joseph Capurso, a Sydney-based foreign-exchange strategist at Commonwealth Bank of Australia, talks about the yen.
Thu May 09, 2013
Australian shares hit fresh 5-year highs, financials buoy market
Australian shares edged up 0.3 percent to hit fresh five-year highs on Friday morning, as strong gains in the banking sector offset weakness in mining stocks and a fall in Wall Street overnight.
Australia a Mecca for Yield Starved in Europe
Investors seeking mortgage bonds outside recession-plagued Europe are heading to Australia , the world's fastest-growing major developed economy, boosting issuance to the highest in almost two years.
'Too soon to be alarmed' over Aussie wheat outlook
Concerns eased for the Australian wheat crop as Commonwealth Bank of Australia forecast a strong harvest, saying it was "too early to be alarmed" over setbacks from dry soils - which look poised for some rain relief.
Tue May 07, 2013
The Washington Post
Australian Banks Pass On Full RBA Rate Cut as Funding Eases
Three of Australia's major lenders passed on in full the central bank's interest-rate cut for the first time in 17 months, sending benchmark home-loan costs to the lowest since 2009.
Mon May 06, 2013
Australia's CBA cuts mortgage rate by 25 bps
Commonwealth Bank of Australia , the country's top mortgage lender, cut its variable mortgage rate by 25 basis points on Tuesday, passing on the full quarter-point cut in the official cash rate.
Sun May 05, 2013
Australia shares rally on Wall St, miners strong on metals price rally
Australian shares rallied 1.1 percent on Monday, buoyed by Wall Street's record highs after a surprisingly robust U.S. jobs report and as metal prices firmed, though weaker-than-expected retail sales figures trimmed gains.
Australian shares rally on Wall St, miners and banks firm
Australian shares rallied 1 percent in early trade on Monday, buoyed by Wall St notching record highs after a surprisingly robust U.S. non-farms payroll report raised investor confidence and metals prices firmed.
Thu May 02, 2013
UPDATE 1-Australia's Westpac posts 10 pct rise in H1 cash profit
Westpac Banking Corp, Australia's third-largest lender, posted a forecast-beating half-year profit on Friday, rewarding investors with a special dividend as it grew both its deposits and loan books while curbing costs.
Wed May 01, 2013
Australia: Shares fall as growth concerns mount, financials, miners weak
Australian shares fell 0.5 per cent on Thursday, dragged down by financials and miners as disappointing US earnings reports and employment data added to broad concerns over the global economic recovery.
Tue Apr 30, 2013
Australian shares rally to highest close since June 2008, ANZ soars
Australian shares climbed 1.3 percent on Tuesday to close at its highest level in almost five years, led by sharp gains in the financial sector as Australia and New Zealand Banking Group jumped to a record high after a strong earnings report.
Mon Apr 29, 2013
CBA plans to build privacy technologies into its products
The bank is looking into how it can enable customers to control their privacy settings when using mobile banking apps Customer demand for secure mobile banking has led the Commonwealth Bank of Australia to start investigating the development of privacy technologies to be built into its products and services.
Sun Apr 28, 2013
Asia Markets: Australia Stocks Advance; Hong Kong Vo
Australian stocks rose Monday, with financial issues helping lead the advance, while Hong Kong stocks swung between modest losses and gains at the start of a holiday-shortened week.
Australian Stocks Head Higher As Financials Gain
Australian stocks rose Monday, with financial issues leading advances for the benchmark.
Fri Apr 26, 2013
Australia: Shares retreat, but posts biggest weekly gain since
Australian shares reversed earlier gains to finish the session 0.1 per cent lower, as financial sector took a breather from a recent rally, offsetting advances made by miners on the back of strong metals prices.