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Australia's Commonwealth Bank posts record profits

Thursday, August 11, 2016 - 05:50
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Mr Narev said the company remained positive about Australia's economic prospects but warned that the nation's nominal growth, which is not adjusted for inflation, needed to strengthen.

Sydney

AUSTRALIA'S biggest bank, the Commonwealth, sounded a cautious note about the country's economic outlook on Wednesday even as it posted a record A$9.23 billion (S$9.56 billion) in annual profit.

The Commonwealth Bank's performance is closely watched to provide guidance on

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