The prudential regulator wants to lift the governance standards of superannuation funds to insist on more timely revaluations of unlisted assets to protect new members from buying in at artificially high prices.AUD +0.3% to 70.77 US centsIn New York: BHP -2% Rio -2.7% Atlassian +0.2%Spot gold +0.1% to $US1929.94/oz at 10.44am in New York10-year yield: US 3.50% Australia 3.56% Germany 2.
The job cuts have already been made in the US, and are ongoing in other countries, chief financial officer Gary Swidler said.Peloton Interactive reported improved cash flow and a narrower net loss in the latest quarter, leading chief executive officer Barry McCarthy to say that questions about the viability of the business have been “put to bed”.
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