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Commonwealth Bank of Australia (CBA) has elevated one of its New Zealand-born banking executives Ian Narev as its new chief executive, to replace compatriot Ralph Norris.But 44 year-old Mr Narev will ..
Ratings agency Standard & Poor's warned Thursday that the fight over the US debt ceiling could exacerbate the global tensions arising from Europe's troubled economies. S&P also reiterated t..
A roundup of news in finance, economics and business from around the world:INTERNATIONAL NEWSBRUSSELS - Eurozone leaders struck a deal worth 159 billion euros ($A211.59 billion) to save Greece from ba..
US stocks rallied on Thursday as eurozone leaders clinched a deal to bail out Greece, boosting financial stocks that had been battered in recent weeks by fears of a European debt crisis. The Dow Jo..
The big US banks showed signs of resilience in their second-quarter earnings, but the sluggish economy and fallout from the subprime mortgage debacle weighed on profits.Over the past week, Bank of Ame..
The US economy's spring slump appears to be extending into the summer, according to a slew of mixed data released on Thursday.Layoffs are rising. Manufacturing activity in the Northeast expanded only ..
Stocks to watch on the Australian stock exchange on Friday:FNP - FREEDOM NUTRITIONAL PRODUCTS LTD - steady at 34 centsFreedom Foods Group wants to exercise an option to take a further 18.7 million ful..
Stocks to watch on the Australian stock exchange at noon on Thursday:FNP - FREEDOM NUTRITIONAL PRODUCTS LTD - untraded at 34 centsAustralia's Freedom Foods Group says it wants to exercise an option to..
