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The golden rule is, don’t make deals without leverage and Star Entertainment has none, leaving its board in the worst possible position to fight for survival as it delayed releasing interim results while it considers several down-to-the-wire “liquidity proposals”.

Qatar is believed to have paid a whopping $1bn for a quarter of Virgin. Now the stakes are set for it to take even more of Australia’s second biggest airline.

How much should you have in super? It’s the biggest investment question you might face but with confusing retirement calculators littering the landscape, Wealth Editor James Kirby takes a look at how to get the best answer.

The markets


Commentary
Star casino attempts a grand deal with no leverage left
By ERIC JOHNSTON
Associate Editor
The golden rule is, don’t make deals without leverage. Star has none, leaving its board in the worst possible position to fight for survival.
Latest news
Deliver less, charge more: AusPost’s strategy to fight competition
The postal group chief says it’s ‘inevitable’ that deliveries will be cut to every third day, arguing the ‘reform’ is needed in order to survive competition from foreign providers and the gig economy.
By MATT BELL
Economy ‘better than thought’: Gerry Harvey
Despite the cost-of-living crisis, consumers are loading up on furniture, whitegoods and AI-enabled computers from Harvey Norman stores.
By ELI GREENBLAT
Inside Ferrari’s revved-up profit machine
Ferrari has proved that you don’t actually need to make a lot of cars to become one of the world’s most profitable carmakers. Here’s how Maranello does it.
By JOHN CONNOLLY
Analysts vent about ‘no show’ by new Dan Murphy’s boss
The owner of Dan Murphy’s, BWS and a network of hotels is wearing the bruises of supply chain disruptions caused by the Woolworths strike last year, booking lower profit and slicing its dividend.
By ELI GREENBLAT
Court freezes Falcon Capital, First Guardian assets
ASIC has secured freezing orders against a Melbourne co-founder and two funds with ties to embattled property developer Paul Chiodo while it investigates millions in missing investor money.
By CLIONA O’DOWD

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