‘Grave concerns’: Westpac accuses alleged fraudster of lying about assets
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Westpac has accused colourful soccer identity Bill Papas of lying in court documents .
Mr Papas narrowly avoided being hit with contempt of court charges on Friday after he sent a long-overdue list of his assets and liabilities to the Federal Court, related to global freezing orders over his alleged fraud.
Despite the threat of contempt charges falling away, Westpac was quick to tell the court it had grave concerns over the accuracy of statements in Mr Papas’ affidavit, accusing the alleged fraudster of lying.
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World shares steady, U.S. yields hover near lows ahead of fresh data Reuters 11 hrs ago By Simon Jessop
By Simon Jessop
LONDON (Reuters) - Global shares held steady while U.S. Treasury yields hovered near multi-month lows on Friday, with markets looking to U.S. consumer data as the next test of the Federal Reserve s dovish rates outlook.
Oil markets were on course for their biggest weekly drop since at least May as traders bet supply from OPEC producers could rise to meet an expected increase in demand as economies recover from the coronavirus pandemic.
How quickly that happens, though, is far from certain, with a resurgence in the infection rate across a number of countries, particularly in Africa and parts of Asia as the Delta variant continues to take hold.