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The Australian Business Review
 

Good morning,

Andrew Forrest’s big plans in Morocco could be complicated by his public affair with the country’s Energy Minister , who also sits on the board of Fortescue’s joint venture company in the North African country. 

Meanwhile, it has emerged that Country Road Group executives received formal details of poor workplace behaviour, including allegations of sexual harassment and bullying, as early as December thanks to the responses of angry and upset staff to a pulse survey.

And banking giant ANZ says some businesses are missing payments to suppliers as companies prioritise loan repayments to banks amid a cost crunch as the economy slows.

Perry Williams
Business editor
The markets


Making news this morning
1
Insider trading committal told info widely discussed
A Melbourne court hearing into insider trading charges has been told publicly available information in a lithium company could have led investors to buy shares.
2
AI is no quick fix for productivity, summit told
AI isn’t a quick fix for Australia’s productivity decline and most of the reports estimating its impact are ‘silly’, says Productivity Commissioner Stephen King.
3
State vs State: NSW nearing record year for insolvencies
Australia’s most populous state is racing towards a record year for business failures as the nation endures a two-speed economic slowdown which is seeing companies perform better elsewhere.
Editor's picks
WEALTH
Wins for seniors: how much it now costs to retire comfortably
Retirees are enjoying financial relief on several fronts, and new research shows what they need to be comfortable. See the spending tables.
By ANTHONY KEANE
Commentary
War gaming US election is now a market obsession
By ERIC JOHNSTON
Associate Editor
Whether it’s Joe Biden or Donald Trump who wins the US presidential election this year, the world is about to change dramatically for investors.
Dataroom
Door opens for Fonterra’s great dairy sector sell-off
Investment bankers are expected to receive requests for proposals in about a week to pitch for a role working on Fonterra’s multibillion-dollar global asset sale.
‘Escalator agreements’ could give Kiwis an edge
Potentia’s share raid on Vista has shone the spotlight on takeover law, which could result in private equity firms more willing to target candidates in New Zealand.
Expected aged-care consolidation now unlikely
Regis Healthcare co-founder Bryan Dorman’s move to pare back his stake in the aged-care provider is further evidence that the big takeover frenzy the industry was expecting has failed to eventuate.