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Australia s Seven Group raises Boral bid to $6 6 bln, gets rejected again

Australia s Seven Group raises Boral bid to $6 6 bln, gets rejected again
leaderpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from leaderpost.com Daily Mail and Mail on Sunday newspapers.

Deutsche Bank launches indexes to track 21 emerging market currencies

Deutsche Bank launches indexes to track 21 emerging market currencies The logo of Deutsche bank is seen in Hong Kong, China July 8, 2019. REUTERS/Tyrone Siu/Files July 6, 2021 (Reuters) – German lender Deutsche Bank said on Tuesday it launched a new set of foreign exchange (FX) indexes to track 21 emerging market (EM) currencies, indicating a growing relevance and importance of developing markets in the global economy. The set of four new non-tradable FX indexes would track EMs that have over the past couple of decades seen increased global investment inflows, growing proportion of government debt issuance, and a significant jump in transaction volumes in FX.

Australia s Westpac files lawsuit against Forum Finance for alleged fraud

By Syndicated Content Jul 1, 2021 | 9:57 PM (Reuters) – Westpac Banking Corp said on Friday that it started legal proceedings against Forum Finance after it discovered a potential fraud regarding equipment leases arranged by the financial services provider for the lender’s customers. Australia’s no. 2 bank has a potential exposure of around A$200 million ($149.22 million) after tax with the extent of loss depending on the outcome of an investigation into the alleged fraud, it said in a statement. ($1 = 1.3403 Australian dollars) ); } return false; }); $( #comments .commentlist .comment-content a ).attr( target , blank ); }); Charli McKenzie

Australian regulator may authorise media group talks with Google, Facebook

Australian regulator may authorise media group talks with Google, Facebook Reuters 11 hrs ago July 1 (Reuters) - Australia s competition watchdog said on Thursday it issued draft proposals to authorise regional newspaper industry group, Country Press Australia, to negotiate with Google and Facebook for payments for news content on their platforms. Country Press Australia (CPA) is seeking authorisation to allow its members to hammer out a payments deal with Google and Facebook for use of news content on the tech platforms, the Australian Competition and Consumer Commission (ACCC) said. CPA represents 81 news publishers that publish about 160 regional newspapers across the country. Allowing the publishers of 160 newspapers to collectively negotiate with Google and Facebook should help address some of the considerable bargaining power imbalance that exists between the digital giants and these local news outlets, ACCC Chairman Rod Sims said in a statement.

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