Commonwealth Bank of Australia Chief Executive Officer Matt Comyn said risks are mounting in the economy after profit at the country’s largest lender topped expectations even as it continues to battle strong competition in the mortgage market that’s driving down margins. The stock dropped.
Magellan Financial Group Ltd. appointed Sophia Rahmani in a transitory role of managing director, with a view to make her chief executive officer within 12 months, as the struggling money management firm attempts to reposition itself following years of turmoil.
Good morning, it’s Adam here in Sydney. Here’s what you need to know to start your day.Today’s must-reads:• Bitcoin tops $60,000• IFM bets on sustainable jet fuel • Philippine president to address parliament
Australia’s federal court said Vanguard Investments Australia Ltd. broke the law by making misleading claims about the credentials of a bond fund, marking the watchdog’s first ruling on greenwashing.
Good morning, it’s Adam in Sydney bringing you all the news you need to start your week.Today’s must-reads:• BHP debates sweetened Anglo bid• New Zealand’s dollar poised to march higher• Iranian President missing after helicopter crash
Good morning, it’s Adam here in Sydney, bringing you all the news you need to know.Today’s must-reads:• Consulting scandal next steps • Australia-China relationship• Morgan Stanley’s AI tools
Good morning it’s Adam here in Sydney bringing you all you need to know to start your day.Today’s must-reads:• Fortescue job cuts• Pensions merge• Cathie Wood’s Tesla bet
Good morning and happy Friday, it’s Adam here in Sydney with all the news you need to know to get your day started.Today’s must-reads:• ANZ scandal deepens • Roundup court decision • Blackstone property loan
Good morning, it’s Adam here in Sydney with all the news you need to kickstart your Friday.Today’s must-reads:• Private credit giants target rich Australians• RBA “vigilant” on inflation risks• Great Barrier temperatures soar