Home » Seven’s new Boral bid; Mercedes mortgage pain; $77m Toorak double deal

Seven’s new Boral bid; Mercedes mortgage pain; $77m Toorak double deal

Star reveals more losses as it braces for public hearings
The company told investors it was losing large sums of money from customers visiting VIP areas, where trading is down.

Findex family behind $77m Toorak trophy home double deal
The company’s co-founder, Spiro Paule, and his wife, Conny, have emerged as the mystery circa $40 million buyers of the grand estate of late fund manager David Hains.

Why AGL chairman Patricia McKenzie couldn’t get a job in a law firm
She almost didn’t take up legal studies in the first place, but didn’t expect to find job hunting so difficult, she reveals over Lunch with the AFR.

Around the world

Hot inflation torpedoes Biden’s White House bid
Consumer prices are rising quickly at just the wrong time for US President Joe Biden.

Why the war on US inflation is far from over
It is staying high mostly due to the cost of services. Some of that is rental spikes, while prices for “babysitters”, “maids” and “housekeepers” have also surged.

Trump flexible on AUKUS subs: Republicans
Party members have signalled that Donald Trump is likely to back the submarine sale deal with Australia if he is elected president in November.

Ukraine’s army at breaking point after new Russian missile strikes
The country is at its most fragile in more than two years of war, according to officials, as Russian missile attacks blow up Kyiv’s biggest power plant.

Matter of opinion

Six ways Mercedes mortgages could hurt Australia
A series of changes in the banking sector is making lenders take less risk. One veteran analyst says that has grim ramifications for investors and the nation, writes Chanticleer.

Inflation shocks bond bandits
The spike in the US cost of living has caught equity and debt investors napping, writes Christopher Joye.

Business life

Gold bullion chief expands harbourside block with Vaucluse buy
Pallion COO Paul Cochineas has expanded his blue-chip Sydney foothold, paying $17.6 million for his neighbour’s home.

This week’s edits of lovely little luxuries: golf and go-to glitter
From statement sporting accessories to a classic Chanel bag reimagined, we have inspired suggestions for you.

Australians battling early at the windswept Masters
Min Woo Lee faces a fight to make the halfway cut and big guns Cameron Smith, Jason Day, former champion Adam Scott and Cam Davis are all still on the course.