Super sector faces fresh corporate crackdown
The corporate regulator is gearing for a fresh fight with the poorly governed and complacent superannuation industry.
Breaking News
Trump bumps and bluster leave markets guessing but hopeful
Markets are optimistic about the outlook for Trump’s policies, although a strong dollar and higher interest rate could eventually challenge US ‘exceptionalism’, says Westpac’s Luci Ellis.
Major retailers drive Aussie market surge
Major retailers were responsible for the Aussie sharemarket closing just shy of a record high – with the dollar also climbing to a new peak.
ANZ bond probe decision due by mid year, says ASIC
ASIC expects to bring its examination of ANZ’s bond market conduct to a head in the first half of the year, and it’s one of the most complex cases the regulator has dealt with.
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How $900m deal could turn Myer around
Two of Australia’s biggest retailers have agreed to a merger as tough retail conditions continue to cut into the sales of both companies.
Rivers runs dry following Mosaic Brands collapse
Rivers is the latest once-famous retail brand to be killed off following the collapse of its owner Mosaic Brands, with all 136 Rivers stores set to close with the loss of around 650 jobs.
It’s ‘day zero’ for historic apparel deal, declares Myer boss
Myer boss Olivia Wirth has won overwhelming shareholder approval for the acquisition of Solomon Lew’s apparel brands and now has the huge task of integrating them from ‘day zero’.
650 jobs to go as iconic Aussie brand axed
An iconic Aussie clothing brand is closing its stores after a buyer was unable to be found for the chain, with hundreds to lose their jobs.
Is Cybertruck maker Tesla losing its buzz?
Tesla’s Cybertruck has become America’s fifth most popular electric vehicle but overall 2024 was a disappointing year for the Elon Musk-helmed company.
Shock super amount Aussies can retire on
Australians will likely need less superannuation than they think to maintain their current lifestyle, but there is a major caveat.
Green light for $200m Buckingham Arms project
A 10-storey apartment building will rise above the former Buckingham Arms hotel after developers were given the green light for their revised design.
Surging land prices another blow for Albanese housing plan
Median vacant land prices have soared in the September quarter putting further pressure on the federal government’s ambition for 1.2 million homes to be built over the next five years.
Bain to look under Insignia hood after upping offer
Insignia has granted suitor Bain Capital limited due diligence after the PE firm matched rival CC Capital’s offer for the wealth manager.
Tim Cooper to hand over the reins at Coopers Brewery
Tim Cooper will step back from the top job at Coopers Brewery after more than two decades, as beer sales at the nation’s last major Australian-owned brewer continue to grow.
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