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 ...