DIRS.INFO The most relevant business & tech news

☆ Australia court dismisses petition against CBA, unit over banned commissions
▼ + stars: | 2022-09-29 | by ( ) www.reuters.com time to read: +2 min

Sept 29 (Reuters) - The Australian Federal Court has dismissed a petition by the country's corporate regulator against Commonwealth Bank of Australia (CBA.AX) and its pension unit on allegations of improperly collecting commissions, the regulator said. However, the dismissal of this petition by the court is a blow to consumer advocates who wanted tougher regulation, and also absolves CBA of some of the most damaging allegations aired at the inquiry. The regulator said on Thursday that the court found that the payments made by Colonial to CBA did not constitute benefits within the definition of "conflicted remuneration". CBA in an emailed response to Reuters acknowledged the judgement, but refrained from commenting any further. ($1 = 1.5420 Australian dollars)Register now for FREE unlimited access to Reuters.com RegisterReporting by Sameer Manekar and Byron Kaye; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

☆ Sterling, euro slip back on persistent UK fiscal angst despite BOE announcement
▼ + stars: | 2022-09-29 | by ( ) www.cnbc.com time to read: +2 min

In this photo illustration, British GDP £1 coins and bank notes are pictured on September 25, 2022 in Bath, England. The U.K. currency jumped the most since mid-June on Wednesday, pulling the euro with it, after the BOE conducted the first of its emergency bond-buyback operations, worth more than 1 billion pounds. Sterling was 0.51% lower at $1.0831 as of 1200 GMT, returning some of the previous session's 1.41% rally. The euro weakened 0.32% to $0.97065, following Wednesday's 1.51% surge, the biggest since early March. New Zealand's currency dropped 0.42% to $0.5706, following a 1.7% surge in the previous session.

☆ Sterling slips back with euro on persistent UK fiscal angst despite BoE bond-buying
▼ + stars: | 2022-09-29 | by ( Kevin Buckland | ) www.reuters.com time to read: +2 min

Boards displaying buying and selling rates are seen outside of currency exchange outlets in London, Britain, July 31, 2019. The UK currency jumped the most since mid-June on Wednesday, pulling the euro with it, after the BoE conducted the first of its emergency bond-buyback operations, worth more than 1 billion pounds. The euro weakened 0.32% to $0.97065, following Wednesday's 1.51% surge, the biggest since early March. New Zealand's currency dropped 0.42% to $0.5706, following a 1.7% surge in the previous session. Register now for FREE unlimited access to Reuters.com RegisterReporting by Kevin Buckland Editing by Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles.

☆ Sterling crumbles to record low, dollar soars on UK fiscal angst
▼ + stars: | 2022-09-26 | by ( Kevin Buckland | ) www.reuters.com time to read: +3 min

Register now for FREE unlimited access to Reuters.com RegisterWoman holds British pound banknotes in this illustration taken May 30, 2022. The British pound's searing drop helped the safe-haven U.S. dollar to a new two-decade peak against a basket of major peers. Fellow commodity currency the Canadian dollar reached a fresh trough at C$1.3625 per greenback, its weakest since July 2020. China's offshore yuan slid to a new low of 7.1630 per dollar, its weakest since May 2020. Register now for FREE unlimited access to Reuters.com RegisterReporting by Kevin Buckland Editing by Shri Navaratnam and Sam HolmesOur Standards: The Thomson Reuters Trust Principles.

☆ Dollar ascendant as investors gear up for Fed
▼ + stars: | 2022-09-21 | by ( ) www.cnbc.com time to read: +3 min

The dollar hovered near a two-decade peak against a basket of currencies on Wednesday, after yields on U.S. Treasurys leaped ahead of an interest rate decision. Higher yields increase the attraction of owning Treasuries and the dollars with which to buy them. Focus will also be on the updated economic projections and dot plot estimates for where Fed officials see interest rates heading themselves. The kiwi gained 0.14% to $0.5902, after falling 1% in the previous session and touching a more than two-year low of $0.5887. The Canadian dollar fell to a two-year low overnight after official data showed a surprise slowdown in inflation.

Search resuls for: "Commonwealth Bank Of Australia"

5 mentions found