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Feb 14, 2012

Financial and Forex Info News | The Australian ;arket Briefing: CBA fights dual storm on costs







CBA fights dual storm on costs
Scott Murdoch COMMONWEALTH Bank is facing both higher deposit rates and increased funding costs, the country's biggest home-loan provider said.

Westfield in $4.7bn US mall JV
Gavin Lower WESTFIELD Group is entering a $4.7 billion joint venture involving 12 US malls, as it unveiled a spike in profit to $1.53bn.

Perpetual ups H1 profit guidance
Christine Seib PERPETUAL, the Australian wealth manager, upgraded its profit guidance today after cutting back on expenses.

Fortescue doubles profit on Power
FORTESCUE Metals is set for "a watershed year", CEO Nev Power said, after the miner's profit more than doubled to $801 million.

Asciano CEO recovering from injury
Ross Kelly ASCIANO chief John Mullen is recovering from "serious complications" following surgery for a diving injury.

ANZ dangles 7pc carrot for investors
Scott Murdoch ANZ has offered retail investors interest rates of more than 7 per cent in a new funding program.

Greece recession darkens
Stelios Bouras and Nektaria Stamouli GREECE plunged deeper into recession at the close of last year, even before new austerity plans are set to be implemented.

Murdoch to stem DMG Radio losses
Damon Kitney LACHLAN Murdoch-backed DMG Radio network narrowed its financial losses last year, putting them in a strong position for growth.


Financial Markets

Stocks slip as miners decline
Sarah Turner AUSTRALIAN shares declined today, as losses for miners offset earnings-related gains from banking giant Commonwealth Bank and others

Stocks waver, CBA profit up
US stocks end flat on late rally


Financial Markets Coverage



Mining & Energy

Fortescue doubles profit on Power
FORTESCUE Metals is set for "a watershed year", CEO Nev Power said, after the miner's profit more than doubled to $801 million.

Exxaro poised to win African Iron
OZ Minerals FY profit plunges


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2012-02-15 12:54:54.0 Union boss de Bruyn upbeat on jobs
2012-02-15 12:50:35.0 Personal finance commitments rise 0.4pc
2012-02-15 12:48:59.0 Small shops navigate retail mire
2012-02-15 12:48:30.0 Weak mining, gold sectors drag shares down
2012-02-15 12:45:53.0 Rivals don't fence in CBA: Narev
2012-02-15 12:43:14.0 Dollar recovers on Greek leaders' commitment
2012-02-15 12:18:48.0 Stocks slip as miners decline
2012-02-15 12:17:57.0 Fortescue doubles profit on Power
2012-02-15 12:17:10.0 Asciano CEO recovering from injury
2012-02-15 12:12:53.0 St George raises mortgage rate
2012-02-15 12:09:18.0 St George raises rates by more than rivals
2012-02-15 12:05:28.0 Fortescue profit more than doubles
2012-02-15 11:59:27.0 New vehicle sales rise 1.3pc in January
2012-02-15 11:55:36.0 Perpetual ups H1 profit guidance
2012-02-15 11:55:01.0 Westfield in $4.7bn US mall JV


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