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The corporate regulator is investigating allegations that ANZ incorrectly calculated interest on thousands of customer savings accounts - the latest in a series of probes into potential systemic governance issues at the bank - The Australian can reveal.

Meanwhile, the Hong Kong partners in troubled Star Entertainment’s new Brisbane casino precinct say cost blowouts on a luxury residential tower have forced the cancellations of hundreds of apartment sale contracts.

And Australia’s trade relationship with the US is likely to result in minimal impact or inflationary pressures as a result of President Donald Trump's trade policies, as bosses become more optimistic about 2025, says EY Oceania chief executive David Larocca.

Perry Williams

Business editor

The markets

Making news this morning

1

Union demands intervention over bank branch closures

The Finance Sector Union, which is preparing a new round of wage negotiations, says the government should intervene to stop banks closing their branches, particularly in regional areas.

2

Trump’s tariff pronouncements send shiver through markets

Global markets were choppy as Donald Trump plotted tariffs of 25 per cent on Canada and Mexico next month, raising big questions for China.

3

Santos defers $3bn WA oil project as it focuses on dividends

A deferred decision whether to proceed with the Dorado oil development in WA is likely to please shareholders who have pushed for Santos to trim capital expenditure.

Editor's picks

Eco start-up founder focused on long view, not Trumpism

KPMG Nature Positive Challenge winner Tom Collier isn’t worried about the disruptive shift of Donald Trump’s environmental policies.

By GLENDA KORPORAAL

Sydney lending firm enters voluntary administration

Sydney-based BNPL company Procuret has gone into voluntary administration, with a sale or recapitalisation now being considered.

By CAMERON ENGLAND

Commentary

Trump offers the best chance for business to reset

By ERIC JOHNSTON

Associate Editor

There’s plenty of volatility to come, but by playing under Donald Trump’s new world order, business is poised to thrive.