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11 July 2022 • By Maja Garaca Djurdjevic • 1 min read

Twitter vows legal action as Musk pulls plug on deal

Having put the Twitter deal on ice back in May, Musk has now confirmed he is pulling out of the US$44 billion bid citing multiple breaches of the ...

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HUB24 announces new CEO for Class

The appointment has officially been confirmed. HUB24 has announced Tim Steele as the CEO of Class, which the group acquired in February. Mr Steele ...

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Inflation tipped to reach 7% by Q3

A major bank has released its latest forecasts for inflation. ANZ has predicted that headline inflation, as measured by the consumer price index ...

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Magellan’s FUM shrinks again

The firm experienced over $5 billion of net outflows in the June quarter. The funds under management (FUM) of Magellan Financial Group fell to ...

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Ministers forced to sell shares under new code of conduct

The new code also bans the use of blind trusts by government ministers. Under a new code of conduct introduced by Prime Minister Anthony Albanese, ...

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Changing market conditions emphasise the need for long-term focus: AustralianSuper

Australia's largest super fund has reported its first negative return since the GFC. AustralianSuper’s Balanced option delivered an annual return ...

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ABS data suggests gender pay gap is closing

The gap between the wages of women and men appears to be shrinking. Recent data released by the Australian Bureau of Statistics (ABS) revealed that ...

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Investor confidence in local and international capital markets drops to new low

Investor confidence in local and international capital markets is now lower than it was at the depth of the COVID pandemic, a new survey has revealed

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Government pauses YFYS performance test expansion

The government has announced a review of the Your Future, Your Super laws and a pause of the test extension beyond MySuper products for 12 months

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Super funds post lowest returns since the GFC

FY22 was the third worst year for returns in the history of compulsory super. The median balanced super fund ended the 2021-22 financial year down ...

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