business

CBA’s net profit for the first half of the financial year rose 5 per cent to $5.367 million, beating analyst expectations, on the back of increased lending and deposit volumes.   Source link

The Australian share market has finished strongly after the first “big day” of reporting season with good earnings news for the Commonwealth Bank for the first half of the financial year. Look back on our live blog. Source link

Tenants now pay an average of 33.4 per cent of their pre-tax income on rent, which is the highest level on record, according to a property research firm. Source link

The Telstra joint venture said this move will “bring an enhanced experience” to its customers, but did not make clear how many jobs in the joint venture (JV) are set to be moved to India. Source link

The ASX 200 closed slightly lower, and the CSL chief executive stepped down abruptly ahead of tomorrow’s half-year results. Catch up on the day’s events and insights from our business reporters on the ABC News live markets blog. Source link

Amongst tech investors the penny has finally dropped about just what the future may hold, and many are backing off or at least rethinking their strategy. Source link

The federal government plans a crackdown on managed investment schemes following the collapses of Shield Master Fund and First Guardian. Source link

Painkillers, HRT therapies and incontinence medicines are among the drugs that will not benefit from the new maximum $25 script price. Source link

Optus says an issue is affecting mobile services for some customers, who are seeing “no service” or “SOS” on their device. Source link

HESTA’s boss is calling it quits after 11 years in the role. Her exit follows an outage that left members unable to access their accounts. Source link