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The Australian Business Review
 

Good morning,

The management upheaval at Andrew Forrest’s Fortescue continues with another senior executive, Eva Hanly, understood to have parted ways with the company after 18 months as boss of the Asia Pacific energy operations.

Meanwhile, the corporate regulator has begun a key phase of its investigation into alleged market manipulation by ANZ, informally interviewing staff from the bank’s institutional division over unusual trading activity in government bonds and futures. 

And after crossing the 8000 point mark for the first time, analysts are now predicting the S&P/ASX 200 will shoot to 8250 points by the end of the year as global investors seek opportunities outside the relatively expensive US market.

Perry Williams
Business editor
The markets


Making news this morning
1
Craven’s EasyGo tech firm chalks up $500m profits
An entity wholly owned by Australia’s youngest billionaire has racked up more than half a billion in profits and paid almost $200m in corporate tax in three years.
2
What key costs we’re cutting the most
Households everywhere have slashed spending in recent months, but some family members fare better than others. See the list.
3
New players can’t survive: Qantas
Qantas boss Vanessa Hudson says history proves Australia cannot support more than three airlines and regulation should back existing players.
Editor's picks
MARGIN CALL
Tame set to step down at charity
Grace Tame will step down as CEO of her charitable foundation amid a donor backlash over its questionable governance and leadership style that produced few tangible results.
By YONI BASHAN
EXCLUSIVE
Kiwi start-ups with smart tech to save us a fortune
Blackbird says it has unearthed the ’Nvidia of agriculture’ after investing almost $70m into a New Zealand start-up that is producing smart collars for cattle.
By JARED LYNCH
COMMENTARY
Leadership needed for energy transformation
Delivering a green power grid won’t be easy, but no other country has the competitive advantage Australia has to produce low-cost, zero-emissions power.
By KANE THORNTON
Commentary
CBA retakes crown as king of the ASX
By JAMES KIRBY
Wealth Editor
Battered BHP’s valuation is sinking as Commonwealth Bank surges to become the biggest stock on the Australian sharemarket.
Slash migration numbers, slash our medical expertise
By ROBERT GOTTLIEBSEN
Business Columnist
The major parties don’t understand they are pursuing a course which will lead to a fall in medical research and medical education — unless they use a scalpel to refine ...
Dataroom
Offers pour in for EMG’s stake in Coronado Global
The largest shareholder of Coronado Global Resources, Energy and Minerals Group, is understood to have received offers for its 51 per cent stake in the Australian listed company.
Gold Road-Regis tie-up keeps tongues wagging
The Australian mining industry’s rumour mill remains in overdrive surrounding the potential for a tie-up between Gold Road Resources and Regis Resources.
Private equity politics plays out in Pacific Smiles battle
The contest for the dental care chain reveals some interesting dynamics involving suitors Crescent Capital and Genesis Capital.