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Good afternoon,

The corporate regulator will seek to wind up a second fund after Melbourne property developer Paul Chiodo was raided by authorities.

Only months after walking away from takeover target Austal, Korea’s Hanwha was in the market on Monday night looking to amass shares in the naval ship builder.

The truism in Australian banking still holds . A CEO contender who is passed over eventually leaves their bank. National Australia Bank’s business banking boss Rachel Slade is preparing to exit, although with grace, writes Eric Johnston.

Vesna Poljak
Business Editor
The markets


Commentary
Australia’s bad behaviour threatens ANZUS
By ROBERT GOTTLIEBSEN
Business Columnist
By not recognising the will of the US population and our ANZUS obligations, it is Australia that has become the recalcitrant country that is endangering the alliance. Here’s why we...
Latest news
$2.4bn play for WA gold miner
Ramelius Resources has made its move on fellow WA gold miner Spartan Resources, winning over its smaller rival with a $2.4bn takeover bid.
GIUSEPPE TAURIELLO
Exxon, Woodside commit $350m to drill new gas wells
The dominant source of gas to Australia’s east coast could be handed a lifeline after Exxon and Woodside approved a $350m drilling campaign to deliver new supplies from the Bass Strait.
By COLIN PACKHAM
The great airport carpark rip-off laid bare
Exorbitant carpark charges are generating massive profits for Australia’s major gateways, as airlines hit out at ‘monopoly airports’.
By ROBYN IRONSIDE
Building giant John Holland in the red
Tough conditions in building have seen the construction giant sink to a loss after years of profits. But it has been winning new work.
By BEN WILMOT
AI saves NIB $22m, but will it solve hospital crisis?
One of the nation’s largest private health insurers says its AI investments have returned $22m.
By JOSEPH LAM

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