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5 things you need to know today

Switzer Daily 1. Big test for shares this week With the stock market up 24% last financial year, there’s a big test for share prices this week. That 24% rise was the best in 30 years and in recent months stock prices have ignored lockdowns around the country. But if the Reserve Bank signals it’s going to reduce its bond buying on Tuesday, then share market positivity could easily turn to negativity. We’ll find out tomorrow at 2.30 pm when the RBA gives its latest decision on interest rates. 2. ASIC calls insider trading a family affair Company regulator ASIC has revealed its case against the insider traders who turned

The numbers that spelt trouble for Nuix IPO

The numbers that spelt trouble for Nuix IPO Just which Nuix accounts is ASIC investigating? There were so many. Save Share Directors of former glamour tech stock Nuix were still reeling after Australian Federal Police raided its Sydney head office on June 24 as part of an insider trading investigation when they learnt they faced a more immediate crisis. At 11.35 that Thursday morning when the Nuix board told the ASX of the raid, they described it as an “investigation into the affairs of an individual”, concluding rather smugly: “Nuix understands that the warrant does not relate to any allegation of wrongdoing by the company.”

Black Hats, tax havens: Australia s biggest insider trading probe revealed

Black Hats, tax havens: Australia s biggest insider trading probe revealed
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