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The Australian Business Review
 

Good morning,

ANZ’s decision to revamp its bond market strategy in 2022 sparked a crisis within its trading team , with some stars quitting and others resorting to risky tactics to deliver profits the following year, sparking the current probe from the corporate regulator, sources have revealed.

Meanwhile, the use of bitcoin and other digital assets will “skyrocket” if Donald Trump wins the Presidential election next week, paving the way for a similar wave in Australia, according to cryptocurrency expert Liam Hennessy.

And you might think the latest expenses furore would have given the politicians pause for thought, but the Furphy pavilion played host to more than a handful. Read Margin Call's take on Melbourne's Derby Day.

Perry Williams
Business editor
The markets


Making news this morning
1
Shoppers increasingly using Flybuys to cover groceries
Shoppers at Coles are swapping Flybuys points for groceries as the popular rewards program is used by households to stretch budgets.
2
Why this CEO turned down $500m
TechnologyOne CEO Ed Chung turned down a golden opportunity from a long-term investor. He says the reason why reveals the secret to the company’s success.
3
Will the Magnificent Seven start shooting blanks?
Investors love giant tech stocks including Apple, Microsoft and Meta, but some analysts say their short-term outlook is shaky.
Editor's picks
COMPETING BIDS
‘Tower of Power’ luxury residence leads new listings
The late Sir Rod Carnegie’s Melbourne apartment is on the market for $6.5m-plus, while Adelaide continues to win the capital city clearance rate battle.
By JONATHAN CHANCELLOR
ROBOTICS
‘More humanoid robots than people by 2040’: Musk
The tech leader thinks robots will catapult Tesla to becoming a $US25 trillion company. But Amazon’s robotics boss says it ‘starts verging into creepy’.
By JARED LYNCH
MEDIA DIARY
Guardians of the Albo galaxy
Controversial claims regarding the Prime Minister’s Qantas upgrades had every news outlet frenzied last week. Not at the Guardian, however, where it barely registered.
By JAMES MADDEN, SOPHIE ELSWORTH
Commentary
Trump’s trash talk a step backwards in battle for equality
By HELEN TRINCA
Editor, The Deal
The world has made great strides in reducing sexism in the office and elsewhere, but Donald Trump could take us backwards.
DataRoom
KKR looking to exit Laser Clinics Australia
There’s renewed chatter the private equity firm is turning its attention to a possible exit from its hair removal and injectables clinic business Laser Clinics Australia.
APA shares dip after takeover bid surprises stockmarket
Analysts and market experts on Friday were surprised by the move and believed an acquisition would not be well received by investors.
Yancoal doubts in Anglo race
Doubts are starting to emerge about Yancoal’s prospects in the race for Anglo American, with uncertainty over its backing from the Chinese government.

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