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The Australian Business Review
 

Good morning,

ANZ CEO Shayne Elliott spent more than 13 minutes apologising to the Office of Financial Management for the $14bn bond scandal that resulted in the banking giant being frozen out of new deals and examined by the corporate regulator, new documents obtained by The Australian reveal.

Meanwhile, the AFP's investigation into PwC Australia's misuse of confidential government tax information “has made significant advancements” but is proving to be “complex”, acting commissioner Ian McCartney told Senate Estimates last night.

And it was a big day at the races in Melbourne and plenty of big names came out to play , casting aside those cost-of-living pressures. See the gallery of billionaires, rock stars, business leaders, actors and politicians spotted by Margin Call. 


Perry Williams
Business editor
The markets


Making news this morning
1
Elite school doubles down on fight against nearby gas terminal
Geelong Grammar urged its network to write to the Victorian state government in opposition to an LNG import terminal being developed by Viva Energy.
2
Key Qantas union boss quits as court hears of ‘Machiavellian’ ways
An explosive Federal Court judgment has laid bare the ‘extraordinary’ dysfunction in the upper echelons of a key Qantas union.
3
Reserve Bank no closer to cutting interest rates
Interest rates are still more likely to fall than rise, but the Reserve Bank seems no closer to cutting than it was three months ago
Editor's picks
TRADE
Better Canberra-Beijing relations challenged by US race
While Australia-China trade relations are better than they have in years, the US presidential election campaign could affect this nation’s links with our largest trading partner.
By GLENDA KORPORAAL
HOME LOANS
Interest rates on hold: what’s next for borrowers
The Reserve Bank’s cash rate decision was expected, but what happens next remains uncertain, economists say.
By ANTHONY KEANE
Commentary
US election: The five themes that count for business
By ERIC JOHNSTON
Associate Editor
From tech, to trade and Wall Street, businesses have a big stake in the outcome of today’s US presidential election.
Why our mental health system is in urgent need of repair
By JOSEPH HEALY

After close to 40 years in banking, running the largest business bank in Australia before embarking on the exhilarating journey of building Judo Bank with others, I have now dec...

DataRoom
Cuscal books management meetings for IPO
Cuscal is shaping up to be the biggest float of the year if it manages to pull it off after trying to list a year ago.
Aussie coal portfolio sale suggests Anglo asset break-up
The sale of Anglo American’s Australian coal portfolio is increasingly looking like a break-up play.
Mitsubishi Chemical exits BGC competition
Still in the contest for BGC are CRH, which owns AdBri, Seven Group’s building materials supplier Boral and joint venture Cement Australia.

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