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Financial services giant AMP has posted a 28 per cent drop in first-half net profit after weaker performances at its main wealth management and AMP Capital businesses.
Commonwealth Bank has announced a $6 billion share buyback and lifted dividends after improving economic conditions helped it post a robust rise in full-year profit.
Western Australia will consider legislating its net zero emissions target but the premier has dismissed calls to rule out new major oil and gas projects.
Reserve Bank governor Philip Lowe expects the Australian economy will bounce back by year's end after suffering a contraction in the September quarter.