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The Australian
 

Good afternoon,

A $US100m debt package to help pay GFG Alliance’s creditors at Whyalla is yet to eventuate, while another company in Sanjeev Gupta’s empire has been stung with a $53m court judgment. 

Digital real estate company REA Group has turned in another strong result and expects the property market to be bolstered by interest rate cuts later this year, as long-time chief executive Owen Wilson flagged his exit.

Less than a year ago, Alan and Rebecca Yazbek forked out $11m for a tumbledown mansion. So, is it a cashflow problem or something else behind it being put up for sale again so soon?

Perry Williams
Business editor
The markets


Commentary
Buckle up, we are just a pawn in China-US chess game
By ROBERT GOTTLIEBSEN
Business Columnist
We don’t want to be left out in the cold when the US and China figure out metals refining agreements. Too bad, we need sensible energy policy to avoid that.
Latest news
Chris Ellison-led Mineral Resources hit by another road train crash
Embattled Mineral Resources reports latest truck accident to mining safety authorities.
By BRAD THOMPSON
Beach energy underwhelms market with dividend
The payout to investors overshadowed a 20 per cent jump in earnings that cements expectations that the company is well-placed in achieving its corporate turnaround. Shares slump.
By COLIN PACKHAM
Google dumps diversity hiring targets
The tech giant joins a growing list of US companies to get rid of diversity, equity and inclusion programs, citing it wanted to create more ‘equal opportunities’.
By JOSEPH LAM, JARED LYNCH

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