Stock Market & Financial News - Trading Room

CBA prepared for a Greek default

Commonwealth Bank's CEO says most of the world is prepared for the consequences of a debt default by Greece.

Many consumers struggle to pay off credit

One in four consumers struggling to meet credit commitments could fall into a debt spiral if Australia suffers an economic downturn.

BHP Billiton backs away from joint venture

Resources giant BHP Billiton is walking away from a silver, lead and copper joint venture with Breakaway Resources.

Echo welcomes Star report

Star casino owner Echo Entertainment has welcomed a report clearing The Star of wrongdoing in its handling of claims against its former CEO.

Ave weekly earnings up 1.1% in Feb qtr

Average weekly ordinary time earnings (AWOTE) for adult full-time employees rose 1.1 per cent in the three months to February.

IAG to review its UK business

Insurance Australia Group has begun a strategic review of its business in the UK, possibly paving the way for its sale.

CBA posts $1.7b quarterly profit

Commonwealth Bank made a net profit of $1.7 billion for the three months to the end of March, but says its funding costs continue to rise.

Australian reports

• Aust markets: Aust stocks close higher
• Aust dollar report: $A unchanged on Chinese trade data
• Aust credit close: Bonds weaker on Chinese data

World reports

• World commodities: Commodities markets summary
• World markets: International markets roundup

Stocks to watch

CBA, IAG, SYD,