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MUMBAI, India (AP) — One of India's biggest and most popular movie stars, Salman Khan, has been found guilty of running over five men sleeping on a sidewalk, killing one in a hit-and-run case that has dragged through the courts for more than 12 years.
Shares in Australia's largest listed firm Commonwealth Bank plunged almost six percent Wednesday, their steepest daily fall since the global financial crisis, after a soft trading update and fears the central bank's rate-cutting cycle is over. The bank and other blue-chip firms have benefited from investors' search for yield, seeing their share prices strengthen over the past few years as a weakening economic climate led to interest rate cuts by the Reserve Bank of Australia. Shares in Commonwealth Bank closed down 5.85 percent at Aus$82.98 in a return to levels last seen in November. The Reserve Bank on Tuesday slashed the interest rate by 25 basis points to a new record-low of 2.0 percent to stimulate growth, but did not include an easing bias in its statement that could have foreshadowed further cuts.
KABUL, Afghanistan (AP) — An Afghan court on Wednesday convicted and sentenced four men to death for their role in the brutal mob killing of a woman in Kabul in March — a slaying that shocked the nation and spurred calls for authorities to ensure women's rights to equality and protection from violence.