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Good morning,

Insiders say Fortescue triggered an emergency at the world’s biggest bulk export port when one of its fully-loaded iron ore carriers broke down and threatened to block the most important shipping channel in Australia.

The Reserve Bank surprised economists with its decision to keep the cash rate target unchanged at 3.85 per cent, and the key question now is whether its cautious approach risks allowing economic momentum to stall. 

And a Qantas customer has learned their details were being stored by the airline despite not having made a booking since 2014 , sparking questions around customer data retention rules.




Vesna Poljak
Business editor
The markets


Making news this morning
1
MinRes shipping contract awarded to firm linked to Ellison’s daughter
MinRes has struck another deal with a company linked to one of Chris Ellison’s daughters as the miner reconsiders its plan to part ways with its embattled managing director.
2
Appeal against retirement estate residents’ win over exit fees
Residents in two estates that won a legal case against the charging of hefty exit fees by Lifestyle Communities will now face appeal as the industry grapples with what the ruling means for seniors.
Editor's picks
MARGIN CALL
Hapless Platinum takes the easy way out
Once mighty, Platinum goes meekly into the night. But will its long-suffering shareholders really be better off in a merger with L1?
By NICK EVANS
INTEREST RATES
Five ways to make interest rates work harder for you
The RBA’s decision to hold interest rates surprised many but rather than sit back and wait, here’s how you can build wealth with this year’s rate cuts so far.
By ANTHONY KEANE
CLOSURE
Wine growers scramble as top firm’s collapse hits 400 brands
Giants of Australia’s organics industry, and hundreds of farmers and producers, have been left rushing to fill the gap.
By GIUSEPPE TAURIELLO
Commentary
Why rush? RBA fine-tunes its path to rate cuts
By ERIC JOHNSTON
Associate Editor
The RBA acts with an abundance of caution. Don’t worry, your next rate cut is coming, you’ll just have to wait a little longer.
DataRoom
Jarden Australia still in the black despite rising costs crimping profit
The trans-Tasman investment bank has been advising a number of ASX-listed companies such as NIB and Greenlit Brands.
Hopes fade for next major pub float from PAG
Hopes that Australian private equity firm PAG brings pub owner Australian Venue Co to the market as the next major float are fading.
Westpac tops league table in DCM’s best year in a decade
Australia’s debt capital market staged its best year in a decade for the 12 months to June 30, with total proceeds of $US199.3bn.

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