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Australia shares in biggest one-day fall in a month after NZ quake |
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 By Victoria Thieberger
MELBOURNE, Feb 22 (Reuters) - Australian stocks dropped 0.9 percent on Tuesday to a three-week closing low, led lower by banks and insurers after a strong quake hit New Zealand's second-biggest city of Christchurch, killing at least 65 people
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CBA 1H profit gains 5% to $3.05bln |
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 Commonwealth Bank of Australia Ltd has increased first-half profit five per cent as the country's biggest lender says underlying credit growth remains subdued.
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Australian Dollar Continues To Outperform, Euro Correction Underway |
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 The Australian dollar pared the overnight decline against the greenback to maintain the range carried over from the previous week, while the Euro extended the decline from the previous week to reach a low of 1.3509 on Monday.
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NZ dollar hit by earthquake; Aussie also down |
 NZD on track for biggest one-day pct drop in 2 mths
* Earthquake rattles markets
* Aussie down in sympathy but outperforms kiwi
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China raises rates to dampen inflation |
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China's central bank raised interest rates for the second time in just over a month in a bid to dampen high inflation and guide blistering economic growth to a sustainable level.
The People's Bank of China announced Tuesday on its website that the benchmark one-year deposit rate would rise by a quarter percentage point to three per cent and the one-year lending rate would increase by a similar amount to 6.06 per cent. The increases are effective on Wednesday.
 Its last rate rise came on Christmas Day, when the bank raised both benchmark rates by a quarter point. China's leaders have sought to cool surging inflation that could pose a threat to political stability.
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Sydney Airport fails on customer satisfaction |
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 The competition watchdog says it is time for Sydney Airport to clean up its act after it delivered another scathing report showing customer satisfaction is the worst in the country.
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