Good morning,

The ACCC has embarked on an epic legal battle with Coles and Woolworths, which it contends is just as important as the Qantas 'ghost flights' case, and one that threatens to expose some of the supermarket giants' most tightly held commercial secrets.

Meanwhile, Bondi businessman Sam Mitchell, one of Australia’s hottest agricultural deal-makers, has fallen into bankruptcy, a move that could set in train the collapse of his corporate and property empire, spread over multiple companies and assets across Australia. 

And amid rising political pressure on the Reserve Bank to cut interest rates, there’s actually a growing risk that domestic monetary policy will be on hold for longer than currently expected, writes markets editor David Rogers.