Bipartisan resistance in Congress to granting President Barack Obama fast-track authority to negotiate trade agreements won’t jeopardize a Pacific-region trade pact, U.S. Commerce Secretary Penny Pritzker said today.
Commonwealth Bank of Australia, the nation’s largest lender by market value, rose to a record in Sydney trading after posting a 14 percent increase in first- quarter cash profit on lower bad debt charges.
Australia & New Zealand Banking Group Ltd., the country’s third-largest lender by market value, posted a 13 percent rise in second-half cash profit on higher lending and lower costs, sending its shares to an all-time high.
Macquarie Group Ltd., Australia’s largest investment bank, rose to a three-and-a-half-year high after it proposed to distribute to shareholders its stake in Sydney Airport and said first-half profit climbed 39 percent.
Dharmendra Singh has spent A$1.3 million ($1.2 million) since July on two houses 39 kilometers (24 miles) northwest of Sydney, drawing on an existing mortgage to pay a deposit on one and taking out two new loans.
Harry Dean Canady will learn next month whether he’ll spend the rest of his life in prison for cheating taxpayers of more than $1 million and threatening to kill the U.S. agents who brought him to justice.