Company Overview and News
Australia’s All Ordinaries Index, which tracks the country’s 500 largest stocks, touched a 10-year high on strong commodity prices. It crossed the 6000 mark for the first time in a decade. (41-0)
Per the Australian Bureau of Statistics, the country’s headline consumer price index (CPI) increased 0.6% in the third quarter sequentially and 1.8% on a year-over-year basis. The number fell shy of economists’ expectations of 0.8% in the quarter and 2% in the year (read: What Lies Ahead for Australia ETFs?). (10-0)
Dr. Reddy's Laboratories Ltd. (NYSE:RDY) has 126 institutional investors and shareholders that have filed 13D/G or 13F forms with the Securities Exchange Commission (SEC). These institutions hold a total of 69,692,996 shares. Largest shareholders include Dr. Reddy's Holdings Ltd, Fisher Asset Management, LLC, Royal Bank Of Canada, Commonwealth Bank Of Australia, and Aqr Capital Management Llc.
Obsidian Energy Ltd. (NYSE:OWE) has 18 institutional investors and shareholders that have filed 13D/G or 13F forms with the Securities Exchange Commission (SEC). These institutions hold a total of 37,416,305 shares. Largest shareholders include Kernwood Ltd, Norges Bank, Morgan Stanley, Commonwealth Bank Of Australia, and Susquehanna International Group, Llp. (53-0)
Australia’s GDP grew 0.8% sequentially in the second quarter of 2017 and 1.8% from the prior-year period. However, the IMF in its latest world economic outlook stated that it expects the Australian economy to expand a mere 2.2% this year compared with its April forecast of 3% (read: Australia's GDP Growth Misses Expectations: ETFs in Focus). (42-0)
Consumer sentiment in Australia declined 1.2% in August. Westpac Melbourne Institute Index of Consumer Sentiment dropped to 95.5 in August compared with 96.6 in July. The Consumer sentiment has been below 100 for the last nine months. A reading below 100 indicates that the number of people pessimistic about the economy is greater than the number of people who are optimistic.
Consumer prices in Australia expanded 0.2% quarterly compared with estimates of 0.4% and 1.9% annually compared with the 2.2% estimate. Reserve Bank of Australia (RBA) targets inflation to be in the range of 2-3%.
Consumer prices in Australia expanded 0.2% quarterly compared with estimates of 0.4% and 1.9% annually compared with the 2.2% estimate. Reserve Bank of Australia (RBA) targets inflation to be in the range of 2–3%.
Australian employment increased 14,000 in June on a monthly basis. Full-time jobs surged 62,000 in June compared with 53,400 in May, the biggest two-month increase since 1988. Part-time jobs on the other hand fell 48,000 in June (read: Asia Business Optimism at 3-Year High: ETFs in Focus).
COMMONWEALTH BANK OF AUSTRALIA (the Issuer) hereby irrevocably gives notice to the holders of the above Notes that it is exercising its option under Condition 6(c) of the Notes to redeem all of the Notes on the Optional Redemption Date falling on 25 July 2017 at the Optional Redemption Amount of USD 1,000,000.00 (as specified in the Final Terms relating to the Notes dated 23 July 2012 (the Final Terms)).
Global credit rating agency Moody’s has downgraded multiple Australian Banks, including the big four, owing to increased risks in the country’s real estate debt market.
Australia’s unemployment rate has fallen to a four-year low, as almost 42,000 net job additions were made in the month of May. The unemployment rate dropped to 5.5% from 5.7% in April and came below the market estimates of 5.7%. The data released by the Australian Bureau of Statistics (ABS) also stated that the seasonally adjusted workforce participation rate rose to 64.9% in May from 64.8% in April.
Many commodity groups, banks and technology companies are seeking to modernise the commodity sector and scrap millions of paper documents through using blockchain, the technology first developed for the crypto-currency bitcoin.
The Australian economy is showing signs of growth. The business conditions index increased 2 points to 14 in April 2017, a nine-year high, as per the National Australia Bank’s monthly business survey of over 400 firms. Moreover, business confidence increased 7 points to a seven-year high of 13.
COMMONWEALTH BANK OF AUSTRALIA (the Issuer) hereby irrevocably gives notice to the holders of the above Notes that it is exercising its option under Condition 6(c) of the Notes to redeem all of the Notes on the Optional Redemption Date falling on 21 March 2017 at the Optional Redemption Amount of USD 200,000 (as specified in the Final Terms relating to the Notes dated 17 March 2011 (the Final Terms)).
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2017-10-09 - Wilton
2017-08-25 - Wilton