NSW restrictions ‘too tough’ says pub baron Arthur Laundy

NSW restrictions ‘too tough’ says pub baron Arthur Laundy

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Oct 1, 2020 – 6.15pmNSW pub baron and Financial Review Rich Lister Arthur Laundy has taken a swipe at COVID restrictions in his home state after selling the Swansea Hotel in Lake Macquarie for about $20 million.Mr Laundy, owner of Laundy Hotels which operates more than 20 venues in NSW including the Bells Hotel in…
Vanguard forfeits $100b ahead of Big Super showdown

Vanguard forfeits $100b ahead of Big Super showdown

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ExclusiveOct 1, 2020 – 6.05pmThe world's second biggest asset manager, Vanguard, is gearing up to disrupt Australia's big superannuation funds by announcing it will return tens of billions of dollars it now invests on behalf of their members and instead compete for the money directly.The $8.9 trillion investment manager, described as the "Amazon of financial…
‘Traumatised’: Aged care virus planning was insufficient, confused

‘Traumatised’: Aged care virus planning was insufficient, confused

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Oct 1, 2020 – 5.57pmThe Coalition government's handling of the COVID-19 threat to Australians living in aged care was "insufficient" and suffered from confused and inconsistent messaging, a new report has found.Releasing a special report into the coronavirus crisis, the aged care royal commission warned a comprehensive, defined and consolidated plan to manage outbreaks in…
Katie Porter tore into pharma executive for price hikes on cancer drug – Business Insider

Katie Porter tore into pharma executive for price hikes on cancer drug – Business...

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"The drug didn't get any better, the cancer patients didn't get any better, you just got better at making money," Porter said during the hearing.
Australian dollar set to rise into year end

Australian dollar set to rise into year end

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Economists responded by slicing their rate forecasts and gearing up for a cut next week. But they have since had a change of heart for a possible budget day rate cut, with November now more likely.The Australian dollar's performance in the fourth quarter will remain reasonably sensitive to volatility and US equity market performance, said…
Wharfies union agrees to ceasefire on port dispute

Wharfies union agrees to ceasefire on port dispute

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Oct 1, 2020 – 5.12pmThe wharfies union has pledged to immediately withdraw industrial action at ports around the country for at least a month despite not reaching a deal on pay.Following a marathon two-day conciliation with Patrick stevedores, the Maritime Union of Australia on Thursday committed to withdrawing its overtime bans and planned stoppages at…
Mueller report improperly redacted, US judge rules – Business Insider

Mueller report improperly redacted, US judge rules – Business Insider

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A judge ruled that the DOJ improperly censored portions of the Mueller report dealing with potential criminal charges and Russia's hacking of the DNC.
Ord Minnett tapped for exclusive talks at EL&C Baillieu

Ord Minnett tapped for exclusive talks at EL&C Baillieu

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Street TalkOct 1, 2020 – 4.50pmStockbroker Ord Minnett is the preferred bidder for Melbourne-based rival EL&C Baillieu.It is understood Ord Minnett has been tapped for a round of exclusive talks with EL&C Baillieu and its advisers, following an auction run by Deloitte.Ord Minnett chairman Karl Morris.  Glenn HuntSources said the aim was for Ord Minnett…
ASX rises 1pc in strong start to new quarter

ASX rises 1pc in strong start to new quarter

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Oct 1, 2020 – 4.38pmThe Australian sharemarket made a strong start to the fourth quarter on Thursday, recouping some of its day-earlier losses as most stocks pushed higher.The S&P/ASX 200 Index advanced 57 points, or 1 per cent, to 5872.9 with just a handful of stocks closing lower.The rebound followed the 2.3 per cent decline…
Chris Wallace says Biden-Trump debate went ‘off the tracks’ – Business Insider

Chris Wallace says Biden-Trump debate went ‘off the tracks’ – Business Insider

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"I'm disappointed for the country, because it could have been a much more useful evening than it turned out to be," Wallace said.