FINWIRES · TerminalLIVE
FINWIRES

Commonwealth Bank of Australia to Cut Merchant Service Fee for In-Store Payments

By

Commonwealth Bank of Australia (ASX:CBA) will reduce its merchant service fee for in-store payments to roughly 1% per transaction from 1.1% for customers on simple flat-rate pricing starting from Oct. 1, according to a Monday statement.

The reduction, which coincides with the removal of card surcharging from Oct. 1, makes the merchant service fee "one of the lowest rates in market," the bank said.

The change aims to help businesses better manage the cost of accepting card payments, the company added.

Its shares gained over 2% in recent Monday trade.

What else is happening in Asia?

Asia

CALB Group's H1 Attributable Profit, Revenue Soar

CALB Group (HKG:3931) reported 935.1 million yuan in profit attributable to owners for the first half, compared with 466 million yuan a year ago, a Friday bourse filing showed.EPS moved to 0.5276 yuan from 0.2629 yuan year over year.For the six months ended June 30, revenue was 27.1 billion yuan, versus 16.4 billion yuan previously, the EV battery maker said.The company proposed an interim dividend of 0.60 yuan per 10 ordinary shares for the period.

HKG:3931
Asia

Time Interconnect Technology's H1 Attributable Profit, Revenue Soar

Time Interconnect Technology (HKG:1729) reported HK$827.6 million in profit attributable to owners for the first half, compared with HK$314 million a year ago, a Friday bourse filing showed.EPS moved to HK$0.3808 from HK$0.1555 year over year.For the six months ended June 30, revenue was HK$10.1 billion, versus HK$4.85 billion previously, the electrical components maker said.The company declared an interim dividend of HK$0.06 per ordinary share for the period, payable to shareholders of record as of Sept. 16.

HKG:1729
Asia

MCC Posts Lower H1 Attributable Profit, Operating Income

Metallurgical Corp. of China (SHA:601618, HKG:1618), or MCC, reported 2.33 billion yuan in profit attributable to shareholders for the first half, compared with 3.1 billion yuan a year ago, a Friday bourse filing showed.EPS moved to 0.05 yuan from 0.09 yuan year over year.For the six months ended June 30, operating income was 175.9 billion yuan, versus 237.5 billion yuan previously, the engineering construction company said.

HKG:1618SHA:601618