Financial services
With its $4 billion Melio purchase, Xero is betting big on payments and the US market while stepping into territory where others have stumbled.
Macquarie is set to close 243 funds to new investments and all automated plans on 31 March 2026 on its super platform.
Some of the biggest names on the ASX could face pressure over board members who previously worked at their external auditor, with the exchange itself hit with a protest vote this week.
Prominent asset manager Magellan also confirmed it is in talks with Macquarie over the move, which would see almost all Australian funds blocked from a key distribution channel.
ASX-listed Pengana International Equities has failed in attempt to alter its investment mandate to allow it to deploy funds into the private credit asset class.
HSBC has witnessed a 70% uplift in Australian corporates doing business across ASEAN markets, the Middle East, and India in a shift influenced by both the US and China.
