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The Australian Business Review
 

Good morning,

Australia’s top financial regulator has put the ANZ board on notice over the bank's conduct, including how it approaches and responds to potential wrongdoing within its ranks, after the Federal Court knocked out an attempt to appeal a finding it misled the market over a $2.5bn share raising.

Meanwhile, richlister Robin Khuda has flown most of his Airtrunk company to Bali for the data centre giant's annual strategy meeting, allowing his 350 or so workers to spend face-to-face time with each other.

And Star Entertainment’s Sydney casino has emerged as a laggard in the troubled company’s property portfolio, with one investment bank analyst putting its valuation at just $8m.

Perry Williams
Business editor
The markets


Making news this morning
1
Bundy coal mine plan leaves sour taste in sugar city
A bitter battle is brewing in the sugar city of Bundaberg over plans for a coal mine, with the project proponents planning to appeal a rejection by the Queensland government.
2
Firms feeling heat from surge in late payments
An increasing number of businesses are being hamstrung by a surge in late payments, which is ramping up the pressure on them as they cope with the impact of cost-of-living rises.
3
Unsung heroes: How international students make Australia richer
They are the backbone of Australia’s population and economic growth, yet their contributions often go unrecognised or under-appreciated.
Editor's picks
MARGIN CALL
Stephen Jones a surprising ALP cash machine
Labor’s Assistant Treasurer Stephen Jones has somehow found himself to be the hottest ticket in town, selling out two upcoming fundraisers in record time.
By NICK EVANS
MARKETS
Economists play down fears over pump price as oil spikes
Oil prices have surged on escalating tensions in the Middle East, amid fears a deeper conflict that draws in Iran would crunch global supplies.
By GIUSEPPE TAURIELLO
EXCLUSIVE
Offshore swoop: industrial assets snatched up in buying spree
The industrial property sector has emerged as the clear leader for big-ticket deal-making, with offshore buyers snapping up key assets and more activity in the pipeline.
By BEN WILMOT
Commentary
Global funds now want a slice of NBN’s fast fibre
By ERIC JOHNSTON
Associate Editor
The Australian broadband operator has just tapped investors for $3bn, putting it on the path of financial discipline.
China’s bazooka stimulus boosts hopes of a revival
By VICTORIA MIO
The Chinese government surprised global markets with a series of significant policy announcements that could boost its economy and offer sharemarket opportunities for investors.
DataRoom
PE firms to reap windfall over childcare centres
A move by private equity firms to suspend the sales of their childcare centre companies, worth over $1bn, could see them reaping a much larger windfall over the long term.
TPG Capital, PEP weigh bid for $3bn I-MED
The pair have moved on from Healius and now have bigger ambitions.
What Qatar Airways paid for Virgin Australia stake
Virgin Australia may have shouted from the rooftops about its tie-up with Qatar Airways, but it didn’t mention the price.

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