Markets
After an aggressive entry into Australian retail broking, the US$5 billion share trading platform is now hunting bigger game.
One proxy adviser is recommending shareholders vote against the carrier's remuneration report, which would result in a strike on pay.
His private vehicle Consolidated Press reported a profit of $323.9 million on revenues of $5.9 billion in the last financial year, and it will pay a $110 million dividend.
The Treasurer's surprise preliminary decision to block the acquisition of Mayne Pharma has upended a saga that already stood to reshape the way deals are done in Australia.
Three industry associations have cautiously backed ASIC's plan for more transparency in private markets, as the regulator flagged potential action against funds engaging in poor practices.
Economists say its too soon to predict the next move in rates, even though the RBA has admitted inflation will stay above its target for longer than previously thought.
