Reuters National Bank of Kuwait, (NBK) the Gulf Arab state’s largest commercial lender, reported an almost 11 percent rise in second-quarter net profit from a year earlier, it said in a statement on Tuesday. The bank said its net profit for the first half of the year jumped 9.3 percent due to higher net interest income and net income from …

Bloomberg Australia’s central bank is relying on an obscure piece of legislation dating back to World War II to justify keeping interest rates steady: its rarely-discussed third objective of monetary policy. Traditionally, the Reserve Bank of Australia (RBA) is seen as having a dual mandate of maintaining stability of the currency and full employment. Both goals support its aim to …

Bloomberg Brazil’s long-suffering IPO bankers are headed toward their biggest payday in eight years. This month’s initial public offering for Carrefour SA’s Brazil unit will generate almost 140 million reais ($42 million) in fees for a group of local and international banks, based on a regulatory filing from the French grocery company. That tops the 119 million reais paid by …