Email
Get the latest from The Australian Business Review
To view this email as a web page, go here.
The Australian Business Review
 

Good morning,

Rex’s 737 operations between major cities have been canned after the airline was placed into administration late Tuesday but regional services will continue to operate for the time being. 

One of Australia’s richest men, property developer Harry Triguboff, 91, has finally announced a major succession plan for the ­nation’s largest apartment development group, anointing grandson Daniel Hendler as deputy managing director of Meriton. 

And former Oil Search executive Ayten Saridas has revealed her three-year court case against the company now owned by Santos took such a toll on her wellbeing that she had little choice but to settle even though she was confident of a victory. 
Perry Williams
Business editor
The markets


Making news this morning
1
SA demands answers from ANZ on bond trades
Hot on the heels of Queensland halting business with ANZ, now the SA government has demanded certainty from the scandal-engulfed bank over trades in the state’s debt.
2
Economy at a pivotal ‘turning point’
Top CFOs are confident the economy is nearing a turning point as Wednesday’s high-stakes inflation data and the threat of a rate hike shapes up to be a pivotal moment for the economy.
3
Valuations ‘elevated’ as shares face inflation test
As Australia’s corporate reporting season gets under way, UBS says further gains in the local sharemarket won’t be easy.
Editor's picks
RETAIL
Travels and adventures of returned Cettire order
Just where online retailer Cettire’s products originate is a question that’s increasingly difficult to answer as this tale of a returned order illustrates.
By JOYCE MOULLAKIS, DAVID ROSS
MARGIN CALL
Banks play Jones like their fiddle
Not only is Assistant Treasurer Stephen Jones wrapped tightly around Australian Banking Association chief Anna Bligh’s finger, but it’s the worst-kept secret in Canberra.
By YONI BASHAN
Commentary
Loss of much-needed competition in aviation is bad for all of us
By ERIC JOHNSTON
Associate Editor
There was a simple reason why the regional airline stumbled. And without a capital city challenger, we are all going to suffer.
How the great Aussie wealth transfer is accelerating
By ANTHONY KEANE
Personal finance writer
Baby boomers are leading the charge for their children to inherit trillions of dollars, and they’re doing it in some interesting ways.
Dataroom
→ Weak economy takes its toll on Allegro’s TGE with $190m loss
Consumers keeping their credit cards in their wallets and workers demanding more pay means logistics companies like Team Global Express are struggling.
→ Anticipation grows for Whitehaven Blackwater selldown
Whitehaven Coal investors will no doubt be eagerly awaiting news about the selldown of a stake in its Blackwater coal mine.
→ PEP, Friesland Campina to line up for Fonterra assets
Pacific Equity Partners and Friesland Campina are believed to have made an unsolicited offer for either all or part of Fonterra’s brand and ingredients business.
 
 
Want to change how you receive these emails?
Manage your newsletter preferences or unsubscribe from this newsletter.
Sent by The Australian, GPO Box 4245, Sydney, NSW, 2001 Australia.