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AVEO retirement village.

Outcry over Aveo's tactics as it pushes into aged care

Embattled retirement village giant Aveo has been forced to effectively refund residents at two villages after an outcry about its decision to transition the villages to its new, expensive Freedom Aged Care program.

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Super Wednesday to drive the AUD

It’s a big day of event risk on Wednesday with RBA governor Philip Lowe and Q2 CPI holding the potential to drive real volatility. (This video was produced in commercial partnership between Fairfax Media and IG Markets).

Analysts say there is not a compelling reason for banks such as CBA to own life insurance businesses.

Selling CommInsure could make sense for CBA: analysts

Commonwealth Bank could free up capital for higher-returning businesses by selling its insurance arm CommInsure, analysts said, after a growing number of banks have sought to retreat for the wealth management sector.

The benchmark S&P/ASX 200 index slipped 0.1 per cent to 5758.8 points, despite some gains on Wall Street.

Topsy-turvy week for ASX

Bank stocks lost steam on Friday as investors booked profits after two days of strong gains, weighing on the overall market.

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Exclude coal from clean energy target, AGL says

The nation's largest power generator has urged the federal government to exclude coal from its planned clean energy target, saying there is no appetite among private investors to fund new coal-fired power plants.

Andrew Forrest's Fortescue says the court's decision "has no impact on the current and future operations or mining ...

Fortescue likely to appeal native title decision

Fortescue Metal Group is likely to lodge an appeal after the Federal Court recognised a native title claimant group has exclusive rights over Pilbara land where the company operates the Solomon iron ore mine.

Security officials imposed the ban in March, warning then that the Islamic State group was developing bombs that could ...

US lifts laptop ban on planes

Passengers flying into the US from 10 Muslim-majority countries affected by the ban may now take their laptops into the cabin with them.

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