bestnews AustralianSuper to refund hacking victims as Cbus admits to breach
AustralianSuper has vowed to refund members who had $500,000 stolen from their accounts in a cyberattack, with the Wayne Swan-chaired Cbus becoming the latest fund to say it has been…
Mayhem Monday ends the ASX’s era of effortless momentum
Mayhem Monday ends the ASX’s era of effortless momentum
OPEC production, Trump tariffs hit oil companies in price rout
A sharp fall in crude oil prices has triggered a sell-off in oil and gas stocks, after analysts downgraded earnings forecasts and reviewed the resilience of company balance sheets. The…
CBA and Westpac mull removing numbers from their credit cards
Commonwealth Bank and Westpac are considering removing the 16-digit numbers from their credit and debit cards, a move Mastercard argues will reduce fraud by preventing criminal hackers from stealing card…
Hospitals ‘staring into the abyss’, says Chris Blake, chief executive of St Vincent’s Health Australia
It’s tempting to say private health insurers should give another $1 billion a year to private hospital operators from Healthscope and a whole range of other marginal operators – and…
Endeavour’s Ari Mervis gets the broom out amid portfolio review
Endeavour’s Ari Mervis gets the broom out amid portfolio review
Barrenjoey board reshuffle sees Barclays’ oversight widen to APAC
Barclays is switching up its oversight of Barrenjoey in a move that will see its Asia Pacific office deepen its relationship with the investment banking powerhouse. The UK bank’s board…
MinRes debt anxiety grows as lithium miners walloped by tariff fears
Mineral Resources’ debt is trading at widening discount as investors fear for the diversified mining group’s ability to repay billions of dollars in loans as it grapples with higher costs…
Mayhem Monday on the ASX as investors stand back and let the Trump Dump rip
It is baby out with the bathwater on the ASX. Donald Trump’s tariffs have investors downgrading growth forecasts, central banks are hesitant to step in, and equities are getting dumped.…
Bain Capital nabs special situations managing director Rahim Chunara from Brookfield
Bain Capital has lured special situations and distressed debt operative Rahim Chunara from Canadian giant Brookfield. Bain Capital has pinched Brookfield MD Rahim Chunara. He’s expected to start at the…