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Good afternoon,

Fund managers are maintaining substantial underweight positions in both US equities and the greenback , potentially setting up significant ‘pain trades’ if market sentiment shifts, according to Bank of America.

A new $13m research project could offer farmers a win-win solution to the problem of water loss through evaporation, while at the same time generating renewable energy.

Super Consumers Australia has warned of “considerable consumer harm” from proposed reforms that will allow superannuation funds to offer personal financial advice.

Vesna Poljak
Business Editor
The markets


Commentary
Chalmers in hot seat with Abu Dhabi’s $30bn Santos bid
By ROBERT GOTTLIEBSEN
Business Columnist
Middle Eastern players stand to make a fortune if they win control of Santos. But renewable energy project cost blowouts means Australia needs vast sums to fix the damage. It will ...
Latest news
Money managers set to tie the knot after revising prenup
Platinum Asset Management and L1 Capital are working towards completing their merger within weeks, as one of them continues to bleed funds.
By CLIONA O’DOWD
Investors eye $300m slice of western suburbs retail gem
The availability of a 50 per cent stake in Bankstown Central shopping centre is timely, with the property set for a major overhaul in coming years.
By BEN WILMOT
ChatGPT making us stupid: MIT
A new study has revealed a potential decline in critical thinking and problem-solving skills, raising questions about the true cost of convenience in the age of artificial intelligence.
By JARED LYNCH
‘Considerable consumer harm’: super advice changes ring alarm bells
Advice reforms will see super funds recommend only their own products, regardless of whether these serve members’ best interests, consumer advocates warn.
By CLIONA O’DOWD
Famous Snowy Mountains resort in new hands
Bangkok-based Minor Hotels has scooped up the famous Lake Crackenback Resort & Spa in a deal due to settle later this month.
By LISA ALLEN

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