By Alice Uribe SYDNEY National Australia Bank Ltd. will undergo a formal review by Australia s financial intelligence regulator over concerns that it breached anti-money laundering and. | June 6, 2021
By Alice Uribe SYDNEY National Australia Bank Ltd. s first-half net profit more than doubled as the Australian and New Zealand economies rebounded from the pandemic more strongly than expected. The Australian bank said its statutory net profit totaled 3.21 billion Australian dollars (US$2.49 billion) in the six months through March, up from A$1.31 billion at the corresponding stage of the 2020 fiscal year. Cash earnings a measure closely tracked by analysts that strips out non-core items such as revenue hedges and treasury shares rose by 95% to A$3.34 billion. This was ahead of consensus expectations for cash earnings of A$2.95 billion. Chief Executive Ross McEwan said risks remained, despite the economic recovery in Australia and New Zealand.
Holdings of SPDR Gold hit lowest since April 2020 on
Monday
March 9 (Reuters) - Gold prices rose on Tuesday, as a
pullback in U.S. Treasury yields added some lustre to the metal
after it hit a nine-month low in the previous session.
Spot gold rose 0.7% to $1,692.21 per ounce by 0703
GMT. Prices had fallen more than 1% on Monday to $1,676.10,
their lowest since June 5.
U.S. gold futures climbed 0.7% to $1,690.30. Dip buyers have emerged after the 1.15% fall overnight and
U.S. bond yields have slightly eased, which has provided support
for precious metals, OANDA senior market analyst Jeffrey Halley
said.
U.S. 10-year Treasury yields edged lower,
Global equity indexes were flat to slightly lower on Tuesday, pausing after a run to record highs, while bitcoin climbed to another all-time peak, extending gains in the wake of an endorsement. | February 11, 2021