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The Australian
 

Good afternoon,

Matt Comyn’s Commonwealth Bank has quietly passed a remarkable milestone in recent days, overtaking US global powerhouse Citi in terms of market capitalisation as well as some of Japan’s banking giants. So can it continue to grow?

BMW has revealed a timeline for when hydrogen cars are likely to become available in Australia and has sent two hydrogen vehicles here to test local conditions and market appetite. 

And e conomists and bankers watching Joe Biden stumble in the debate with Donald Trump know it almost certainly heralds huge changes to interest rate and global free trade settings, writes Robert Gottliebsen.


Perry Williams
Business editor
The markets


Commentary
Every Biden stumble brings the new world a step closer
By ROBERT GOTTLIEBSEN
Business Columnist
Economists and bankers watching Biden stumble in the debate with Donald Trump knew it almost certainly heralded huge changes to interest rate and global free trade settings.
Latest news
CBA takes on Wall Street’s biggest
The Australian bank has passed a staggering milestone. Can it continue to defy gravity?
ERIC JOHNSTON
Lendlease marches out of US military housing
Embattled developer Lendlease has kicked off its return to Australia strategy with the sale of its US military housing business for a higher than expected $480m.
By BEN WILMOT
Brambles’ US boss out after ‘cultural differences’
Shareholders appear to have been caught off guard after Xavier Garijo left his job as Brambles’ North American boss after just six months, due to differences in leadership styles.
By MATT BELL
Fire at coal mine set to weigh on Anglo American shares
Miner Anglo American is fighting an underground fire at its beleaguered Grosvenor mine in central Queensland that is expected to see coal production impacted for months.
By JOSEPH CARBONE
Six secrets for a happy new financial year
Will 2024-25 put you on a fresh path to riches? Here are some strategies that have made many money winners for decades.
By ANTHONY KEANE