Markets

US Federal Reserve chair Jerome Powell has announced rate cuts on the back of poor US jobs data.

Why alarm bells are ringing for private credit investors

TOM RICHARDSON: Private credit investors have enjoyed a golden run, but regulators are calling and the risks in a downturn are much higher than most investors realise.

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Santos CEO Kevin Gallagher.

Santos shares in freefall after collapse of $30b takeover

Takeover target Santos has revealed it had expressed concerns about delays in finalising a deal before its suitors eventually pulled the plug just days before an offer was due on the table.

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There had been resistance to a deal from trade groups. Offshore Alliance, which represents two major labour unions, urged the Federal Government to keep Santos “in Australian hands” and block the sale.

Middle East suitors walk away from $30b Santos bid

Abu Dhabi National Oil Co has walked away from a proposed $30 billion offer for natural gas producer Santos, saying a ‘combination of factors’ discouraged it from making a final bid.

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Super Retail Group CEO Anthony Heraghty has been sacked.

Rebel, BCF owner sacks CEO over workplace relationship

Super Retail Group has sensationally dumped its chief executive after new information about a relationship he had with a co-worker came to light.

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The company ended the day with a market capitalisation of $US3.05t by market’s close.

Google parent Alphabet joins the $US3 trillion club

The milestone comes a little over 20 years after Google’s market debut and 10 years after the creation of Alphabet.

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Economists say Australian property prices are set to surge once again over the coming years.

Why Australian property prices have a strong year ahead

Economists say Australian property prices are set to surge once again over the coming years, with a number of factors creating a perfect storm in the housing market.

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Outgoing Virgin Australia chief executive Jayne Hrdlicka.

Former Virgin Australia CEO takes off with $50m payout

Jayne Hrdlicka has earned an eye-watering payday after leading the airline from a pandemic wipe-out to a profitable share market listing.

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Sydney fund manager Rodney Forrest has pleaded guilty to two counts of insider trading over his acquisition of Platinum Asset Management shares.

Insider trader ran stock picking comp for investing elite

EXCLUSIVE: Forty-eight of Australia’s top investors were involved in Rodney Forrest’s stock-picking competition when he illegally bought $2.6 million worth of shares in Platinum Asset Management.

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Bendigo and Adelaide Bank chief executive Richard Fennell in Perth in July.

Bendigo joins banking job cuts ‘tidal wave’: FSU

With about 5000 jobs already cut by ANZ and National Australia Bank this week, the union said Bendigo was slashing 145 jobs from its technology division while eliminating another 13 in mortgage help.

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Professor Andres Fouras, chief executive of 4DMedical.

Professor who bet it all leads ASX’s hottest tech stock

The CEO of Melbourne biotech 4DMedical gambled his home on lung imaging, but just won big as shares raced 380 per cent higher in just over a week.

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Enough mine waste to fill 13,000 Olympic-size swimming pools poured into the Doce River, wiping away villages and causing tens of billions of dollars worth of destruction.

BHP pays $110m to settle deadly dam class action

BHP will pay $110 million to aggrieved Australian investors who bought shares in the Big Australian just before the deadly Samarco dam collapse in Brazil.

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Coles and Woolworths could be forced to cough up another $750m.

Woolies, Coles face further $750m hit over missed wages bill

Australia’s two biggest supermarket chains — Woolworths and Coles — face combined costs of as much as $780 million following years of underpayments to staff.

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Collins Foods operates 288 KFC fast food outlets in Australia.

Germany’s growing taste for KFC boosts Collins Foods

Germany’s growing appetite for fried chicken is boosting sales at Collins Foods, Australia’s biggest KFC operator, sending its share price sharply higher.

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Rob Scott said gangs were targeting high-value items, such as tech products from Officeworks or power tools from Bunnings, and then selling them on the black market or online marketplaces.

‘Scars’: Wesfarmers pins rise in thefts on COVID lockdowns

Wesfarmers’ boss has singled out one State for a ‘disproportionate’ amount of theft by organised crime gangs and has blamed its ‘very draconian lockdown’ for leaving ‘mental and economic scars’.

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