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The Australian Business Review
 

Good morning,

ANZ's $14bn bond placement raised alarm bells with regulators several months before ASIC launched a formal investigation into the controversy last October, freedom of information searches reveal.

Meanwhile, business leaders such as Gerry Harvey and Graham Turner have backed orders for NSW public servants to get back to the office . They hope the move will embolden other employers battling to wean workers from their homes.

And Michele Bullock and her fellow directors on the RBA board have all but ended hopes of interest rate relief in Australia this year, despite the start of cuts overseas and a rout in global stock markets. 

Perry Williams
Business editor
The markets


Making news this morning
1
Tech volatility no cause for panic, say investors
Tech investors are feeling on edge thanks to the major sell-off but industry experts are confident that the downturn won’t endure.
2
Google case ‘sends message to big tech’
Google’s anti-competitive behaviours have limited the development of rival search engines and even its own, says former ACCC chair and academic Rod Sims.
3
Class action against Fletcher subsidiary over ‘leaky’ pipes
A class action has been launched against a subsidiary of New Zealand-based construction materials giant Fletcher Building over alleged defective pipes.
Editor's picks
BEVERAGES
Brewery unveils new $70m ‘Home of Coopers’
Coopers Brewery has unveiled its new $70m visitor centre, microbrewery and distillery in one of the family-owned brewer’s largest investments in more than two decades. See inside.
By CAMERON ENGLAND
MARGIN CALL
Spotlight on Fried family’s fortunes
There’s nothing like relationship bust-ups to shine a spotlight on hitherto closely guarded wealth but good luck to any legal eagle attempting to unravel the Fried family’s billions.
By YONI BASHAN
Commentary
Coles’ $1bn bet will be good for supermarket competition
By ERIC JOHNSTON
Associate Editor
As politicians push for smaller supermarkets, few can bring the investment spend or the smart tech and training to Australia to serve customers.
RBA dashes rate cut hopes but markets unperturbed
By DAVID ROGERS
Markets Editor
Despite the start of interest rate cuts overseas and a rout in global stock markets that’s being closely monitored by the RBA board, it delivered another ‘hawkish hold’ on rates.
Dataroom
Capricorn, Emerald ‘interested’ in Gold Road
Two mid tier gold miners with some of the best industry executives at their helm are weighing up opportunities to get bigger, according to talk in the market.
Yancoal hires investment bank for Anglo American coal sale
The Chinese state-backed Yancoal is serious in its attempts to buy more coal mines in Australia.
Liontown Resources ‘weaponised’ by short sellers: CEO
There’s a narrative in the market that Liontown Resources will need to raise equity, but managing director Tony Ottaviano says that’s not the case.