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The Australian
 

Good afternoon,

ANZ has copped a first strike as shareholders express anger over multiple looming regulatory investigations of the banking major, with chief executive Shayne Elliott surrendering a $3.2m bonus in the face of scandal.

Woodside and Chevron have agreed to an asset swap as the energy companies move to streamline and simplify ownership of key Australian assets.

Toll roads giant Transurban will be forced to pay back a multimillion-dollar hit to a competitor, after losing a case in Victoria’s Supreme Court.

Perry Williams
Business editor
The markets


Commentary
The next big Fed debate: Has the era of very low rates ended?
By NICK TIMIRAOS
Fed officials are trying to figure out the just-right interest rate. Some think they might already be close to that destination.
Latest news
ASX suffers $50bn wipeout on worst day in months
The ASX 200 suffered its worst day in three months, as investors dumped tech, bank and mining stocks. The Australian dollar also hit a two-year low after big falls on Wall Street following the Federal Reserve's weak rates outlook.
By DAVID ROGERS, VALERINA CHANGARATHIL, JOSEPH CARBONE
The big deals of 2024: Why UBS, Goldman Sachs came out on top
Australia’s high profile dealmakers expect activity to accelerate in 2025 after an already busy year.
By BRIDGET CARTER
Elders cops second strike over pay
Elders received a second strike against its remuneration report on Thursday, but avoided a spill of the company’s board ahead of a leadership shake-up next year.
By GIUSEPPE TAURIELLO
Airports push to change ‘first come, first served rule’
Airports are pressing for changes to a nonsensical air traffic control rule which is forcing international flights to divert rather than being allowed to land ahead of other services.
By ROBYN IRONSIDE

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