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Commonwealth Bank chief executive Ian Narev speaks at a press conference after the bank’s half year results announcement. Nikki Short/AAP

Explainer: what might upset Australia’s ‘rock solid’ banks

The Commonwealth Bank's half year results suggest Australian banks are doing well despite the turbulence affecting banks internationally, however they may not be totally immune.
The only way out of this crisis is to dishonour some of the debt that is weighing down the global economy. AAP

Ireland, Greece … France? Accepting default is Europe’s only option

The dramatic falls in share prices of Greek debt-laden French banks overnight highlights just how closely tied the current market chaos is to the world’s worsening debt woes. Market crashes like that of…
The share market is often driven back into the black by canny investors looking for a bargain. AAP

Global economic shakeout: the zig-zag market heralds nasty times ahead

After falling by almost 20% in week-long sell-off, the Australian share market has bounced back and began trade today up more than 3.5%. The market’s recovery follows a strong comeback on Wall Street overnight…

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