iPartners-backed lender funds tangled in wizard’s web
The prospects of recovering $60 million of debt investments made by Sydney’s iPartners appear increasingly grim, as receivers follow a complex money trail.
afr.com • Primary: Business & Economy • English
Chronological feed of stories from The Australian Financial Review (AFR)
The prospects of recovering $60 million of debt investments made by Sydney’s iPartners appear increasingly grim, as receivers follow a complex money trail.
The corporate regulator is examining the claims made by Firmus’ bankers during marketing of the failed IPO.
Investors expect further rate hikes will be needed, beginning in December, as a governor targeted by Donald Trump dissented against the decision to hold.
Business & Economy
Too-liberal buyout rules and indifferent passive funds are facilitating corporate raids, shrinking Australia’s premier stock exchange.
Corporate filings for the Global Innovation Centre show a 54 per cent increase in staff over just one year, spread across 20,000 square metres in three cities.
The Federal Reserve is tipped to hold interest rates steady; UK stocks and bonds climb after low-key budget. Follow live updates.
The federal government is being urged to allow self-funded superannuation funds to invest in newly built investment properties.
The former market darling is expected to be replaced in the S&P/ASX 50 Index by Genesis Minerals following its $12 billion merger with Vault Minerals.
Jim Chalmers’ policy on non-competes would be good for employees and start-ups alike. Here’s hoping the treasurer stands his ground and pushes it through.
Traders have ramped up rate expectations for next week and beyond after quarterly inflation remained well above the central bank’s target.
The GPE XI fund has become the year’s largest buyout fund to complete its fundraising, beating rivals like KKR’s North America fund, EQT’s APAC fund and Blackstone and Bain’s Asia funds.
Woolworths’ mince sales tell us households are bleeding. The RBA has little choice but to inflict more pain next week with a rate rise - will that really be it?