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Good afternoon,

A deal is close to being brokered to sell troubled Star Entertainment’s stake in Queen’s Wharf in Brisbane to its Hong Kong-based partners.

Australia’s biggest telco Telstra has sold its interests in a venture capital fund at a steep discount, as it opts to invest in its network rather than tech start-ups.

Almost 200 directors across Australia’s banks, superannuation funds and insurers would be forced to resign under new rules from the prudential regulator, which has launched its biggest intervention in corporate governance in a decade.

The markets


Commentary
With our defence ‘dangerously weak’, we must supercharge drone technology
By ROBERT GOTTLIEBSEN
Business Columnist
One of our closest guarded secrets is that we are among the world leaders in drones and radar technology, which we must exploit amid rising global tensions.
Latest news
Insurers face $2bn Cyclone Alfred bill
The insurance industry is bracing for a flood of claims, but industry watchers warn as many as one in four have no cover at all.
By DAVID ROSS
Get ready, stocks could be on their way up
The world is on edge over Donald Trump’s divisive foreign and economic policies, but that doesn’t look like it will stop investors piling into shares.
By DAVID ROGERS
Arrested junket operator was ‘acceptable’ to former Star chief
Former Star Entertainment CEO Matt Bekier has told a court Macau-based junket operator Qin Sixin was a ‘suitable person’ despite his previous arrest for money laundering.
By GLEN NORRIS
‘Too big a job’: Pub king Laundy steers clear of Star
The casino would have fitted well with the billionaire publican’s empire, but he decided against chasing the prize property.
By LISA ALLEN, BEN WILMOT
Betr has ‘credible lender’ in place for Pointsbet bid
More detail has emerged in Matt Tripp’s last-ditch bid for a rival that is already subject to a takeover offer from a huge Japanese company.
By ERIC JOHNSTON

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