BENGALURU: Australia’s Macquarie Group Ltd said it booked record quarterly net profit thanks to strong commodity markets and “ exceptional ” asset sales in infrastructure and other sectors, adding it should continue to benefit as interest rates rise. Profit contribution from commodities trading and investment banking rose “ substantially ” in the third quarter, helped by volatile gas and energy markets, Macquarie said. Investment banking fees were “ significantly up ” after the bank handled 126

SYDNEY: Telstra Corp’s Vicki Brady will take over as chief executive officer( CEO) of the telecommunications giant, becoming one of Australia’s few female CEOs among the country’s largest companies. Currently Telstra’s chief financial officer, Brady, 50, will take the helm on Sept 1, the Melbourne-based company said. She will replace Andrew Penn, who is retiring after more than seven years in the role. Brady joined Telstra in 2016 and has also been responsible for strategy since July 2019.... S