Ex-David Jones CEO sues to force share buyout amid collapse
Scott Fyfe alleges that David Jones’ parent entity conducted affairs in a manner that was “oppressive, unfairly prejudicial, or unfairly discriminatory”.
afr.com • Primary: Business & Economy • English
Chronological feed of stories from The Australian Financial Review (AFR)
Scott Fyfe alleges that David Jones’ parent entity conducted affairs in a manner that was “oppressive, unfairly prejudicial, or unfairly discriminatory”.
Rival bidders for the developer have powerful backers: Brookfield and an Abu Dhabi fund on one side versus super fund ART and billionaire Paul Lederer on the other.
The central bank’s executive arguably had little choice, given what must have been deep fears that the board would override its recommendation to raise rates.
The post-pandemic price breakout presents a big challenge to keeping the faith in Australia’s three-decade-old monetary policy framework put in place by Costello.
The strong repudiation of Donald Trump at this week’s election is being seen as a blow against the conservatives’ war on woke.
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While there’s no cause for alarm yet, credit quality will get worse from here. But it’s fortuitous that APRA conducted a sweeping review of lending practices.
The bilateral loan was structured with conservative leverage and very close to pricing from major banks, sources told this column.
Lightspeed’s Isaac Kim said there were signs of a bubble developing, but there were plenty of reasons to be optimistic about artificial intelligence.
The regulator has revealed its reasons for imposing conditions on ANU’s registration, detailing a breakdown in trust and dysfunction in its governing council.
Markets are focused on the AI wreck. But Michael Every says the drums of war haven’t stopped beating.
Shareholders are betting on the sale of Mayne’s US operations once it no longer owns an Australian manufacturing site.