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The Australian Business Review
 

Good morning,

Australian businesses and households face the prospect of having to wait until next year to see mortgage relief as a growing number of economists warn current conditions won’t give the Reserve Bank room to lower the cash rate before February.

 Meanwhile, the Chinese Premier’s visit to Australia comes as Beijing is ­seeking friendlier relationships with Western countries in the face of a possible trade war with the US, UBS senior China economist Ning Zhang says.

 And the Australian Prudential and Regulation Authority has opened a file on ANZ’s alleged rigging of government borrowing rates, as it mulls whether to hand back a $500m capital penalty to the Melbourne bank, exclusive documents reveal.


Perry Williams
Business editor
The markets


Making news this morning
1
Bupa to roll out national network of health centres
Bupa has signalled its intention to buy and build a national network of healthcare centres providing GP services, allied health and pathology.
2
Venture capitalist loses case against mattress retailer
Venture capitalist Adir Shiffman has failed in his court attempt to receive a 20 per cent stake in online mattress retailer Sleeping Duck.
3
‘Predatory behaviour’: Ex-staffer reports male bosses at Nine
A former female Nine Entertainment employee has reported allegations of sexual harassment and bullying involving two senior male staff.
Editor's picks
TOURISM
Scheme allowing seniors to work in tourism to stay
A federal scheme which permits seniors to work in the tourism sector without affecting their aged pension is being made permanent.
By ROBYN IRONSIDE
COMPETING BIDS
Plenty of interest but stately home fails to sell
Leuralla, the imposing 1914 Blue Mountains home, attracted plenty of interest online and four registered bidders but none chose to make an offer at the auction.
By JONATHAN CHANCELLOR
Commentary
Qantas’ incoming chair awake to public sentiment
By GLENDA KORPORAAL
Senior writer
The general public is tired of corporate Australia lecturing it about social causes and incoming Qantas chair John Mullen says he has well and truly got the message.
Dataroom
Bankers rev up interest for Bapcor
Investment bankers seeking a buyer for Bapcor are expected to start clocking up frequent flyer points to the US where it’s hoped a suitor can be wooed.
Adamantem Capital in divestment mode
Adamantem Capital is understood to be hiring investment banks for the sale of at least two of its businesses.
Ramsay ‘adieu’ to poor-performing French hospitals
Ramsay Health Care could sell non-performing hospital assets within its France-based Ramsay Sante business due to insufficient interest from buyers in the unit as a whole.