Rates are still too low to threaten the tech sector: Synovus' Dan Morgan

Cuba Fuel-Depot Blaze Threatens to Aggravate Island’s Economic Crisis

(Bloomberg) -- The four-day fire raging at a Cuban fuel depot is darkening the outlook for an economy already reeling from blackouts, shortages, Covid-19 and soaring import costs.

A pedestrian is reflected in an electronic stock board outside a securities firm in Tokyo, Japan, on Monday, Jan. 4, 2021. Asian stocks climbed to a new record, as technology shares remained strong in the first session of 2021. Photographer: Noriko Hayashi/Bloomberg

Stocks Set to Slip in Asia Ahead of Inflation Data: Markets Wrap

(Bloomberg) -- Stocks dipped in Asia on Wednesday following a Wall Street retreat and caution ahead of US inflation data that will shape investor expectations for further Federal Reserve interest-rate hikes.

A Commonwealth Bank of Australia (CBA) branch in Sydney, Australia, on Friday, Aug. 5, 2022. CBA is scheduled to release second quarter earnings results on Aug. 10.

Australia’s Commonwealth Bank Posts 11% Jump in Annual Profit, Topping Estimates

(Bloomberg) -- Commonwealth Bank of Australia, the country’s largest lender, posted an 11% jump in profit but warned that steeper borrowing costs and inflation were hitting consumer demand.