Good afternoon, A deal is close to being brokered to sell troubled Star Entertainment’s stake in Queen’s Wharf in Brisbane to its Hong Kong-based partners. Australia’s biggest telco Telstra has sold its interests in a venture capital fund at a steep discount, as it opts to invest in its network rather than tech start-ups. Almost 200 directors across Australia’s banks, superannuation funds and insurers would be forced to resign under new rules from the prudential regulator, which has launched its biggest intervention in corporate governance in a decade. |