Commonwealth Bank of Australia's profit edged higher in the third quarter amid growth in the firm's business lending. with transaction accounts up 7% and the division expanding at a faster rate than the broader market. The Liberal Party has elected Sussan Ley as its new leader, the first woman to head the party since it was founded in 1944. She is also the first female opposition leader in Australia's history. Sussan Ley Photographer: Fairfax Media/Fairfax Media Traders are winding back bets on aggressive monetary easing by Australia in a cascading effect from the US and China agreeing to temporarily lower tariffs on each other's products. Tensions between Washington and Beijing appear to be de-escalating, with China committing to suspend its non-tariff barriers on US imports. On Bloomberg TV's Australia Ahead, USSC Economic Security Program Director Hayley Channer discusses what this means for Australia, as Prime Minister Albanese's government tries to strike a balance between the world's two largest economies. USSC Economic Security Program discusses Australia's trade outlook amongst ever-changing tariffs. Click on the image to watch. China's plans to lift its birth rate have helped a2 Milk's stock become the biggest gainer in New Zealand this year. The dairy company's Wellington-listed shares have surged 43%, topping the nation's benchmark S&P/NZX 50 Index. The UN's aviation council ruled on Monday that Russia was responsible for the 2014 downing of Malaysia Airlines flight MH17 that killed all 298 passengers and crew, including more than 200 Dutch and Australian citizens. One of Australia's richest family offices is drawing up plans to build more than £1 billion worth of housing on land surrounding its UK golf courses, in one of the first major tests of the British government's push to develop the nation's green belt and turbocharge the economy. |
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