Bloomberg News

Top Headlines: Westpac Posts $3.3B Profit

May 02, 2012

Cash earnings for Westpac Banking Corp. in the six months ended March 31 gained 1 percent to $3.3 billion, the Sydney-based bank said in a statement today. Temasek Holdings Pte., the Singapore state-owned investment group, is selling about $2.4 billion of shares in Bank of China Ltd. and China Construction Bank Corp. in Hong Kong. Chinese legal activist Chen Guangcheng is being treated in a Beijing hospital after leaving the U.S. embassy under a deal that quickly started to unravel and now threatens to derail annual cabinet-level talks between the two nations. Susan Li reports. (Source: Bloomberg)

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