Money
Australia Post agrees to pay former CEO $1m
Australia Post has agreed to a $1 million termination payment for Christine Holgate
The former CEO will also receive $100,000 to cover legal costs.
Australia Post says the matter is finalised “so that both parties can move on”. But the payment comes without any admission of liability.
It means Holgate now releases her former employer from all legal claims.
Australia Post says it acknowledges that it has lost an effective CEO following a scandal, where senior executives were given Cartier watches as bonuses.
Australia Post and Ms Holgate participated in a mediation on Friday 23 July 2021 before the Hon. Peter Jacobson QC, a former Justice of the Federal Court of Australia.
The parties have reached a settlement and Australia Post has agreed to pay $1,000,000 to Ms Holgate to be taxed as an employment termination payment.
“To finalise the matter so that both parties can move on, Ms Holgate has released Australia Post from all legal claims and Australia Post is making the payment without any admission of liability,
Australia post said in a statement
“Australia Post acknowledges that it has lost an effective CEO following the events on the morning of 22 October 2020,
“Australia Post recognises and thanks Ms Holgate for her outstanding contribution and strong leadership during her employment as CEO of Australia Post,” the statement continued.
Australia Post said they wish “Ms Holgate the best in her future endeavours.”
“Ms Holgate wishes the employees, partners and licensees of Australia Post her best wishes as they strive every day to provide a vital and affordable service to all Australians no matter where they reside.”
Money
U.S. investors flee stock market for global opportunities
U.S. investors withdrew $75 billion from stocks in six months, fastest in 16 years, with $52 billion in 2026 alone.
U.S. investors withdrew $75 billion from stocks in six months, fastest in 16 years, with $52 billion in 2026 alone.
U.S. investors are withdrawing money from domestic stocks at the fastest rate in 16 years, with $75 billion leaving equity products over the past six months. The trend accelerated in 2026, with $52 billion pulled from Wall Street so far.
Concerns over AI risks and weaker performance at home are prompting investors to look abroad, even though a softer dollar makes foreign investments more expensive. Emerging markets are seeing inflows at the fastest pace in five years, according to Bank of America.
As global opportunities become more attractive, many U.S. investors are now evaluating overseas markets for growth potential.
Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker
Money
US dollar strength hits NZ dollar amid FX market shifts
US dollar rises amid strong US growth; New Zealand faces pressure as traders navigate volatile FX and geopolitical impacts.
US dollar rises amid strong US growth; New Zealand faces pressure as traders navigate volatile FX and geopolitical impacts.
The US dollar is surging as strong economic growth in the United States contrasts with softer conditions in New Zealand. Policy divergence and complex global FX factors are putting pressure on the New Zealand dollar, leaving traders navigating choppy waters.
Steve Gopalan from SkandaFX breaks down how US interest rates are influencing key currency pairs like USD/JPY, and explains why hedging flows are crucial in today’s volatile environment.
We also explore the ripple effects of geopolitical tensions on oil and broader markets, while examining the Australian labour market’s role in shaping the Reserve Bank of Australia’s monetary policy.
Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker
Money
Oil hits seven-month high, and gold surpasses $5,000 amid US-Iran tensions
Oil prices hit seven-month high amid U.S.-Iran tensions; experts analyze impacts on global economy and energy markets.
Oil prices hit seven-month high amid U.S.-Iran tensions; experts analyze impacts on global economy and energy markets.
Oil prices have surged to a seven-month high as escalating tensions between the U.S. and Iran spark fears of global supply disruptions. The Strait of Hormuz remains a flashpoint, with analysts closely monitoring potential military actions that could further strain energy markets.
Investors are reacting to geopolitical uncertainty, with oil markets pricing in heightened risk.
Kyle Rodda from Capital.com joins us to discuss what is driving these record-breaking price movements and the potential implications for the global economy.
Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker
-
Tech3 days agoSam Altman predicts superintelligence could appear by 2028
-
News3 days ago
Andrew Mountbatten-Windsor released after 12-hour questioning
-
News4 days ago
Ukraine Russia peace talks stall with no breakthrough
-
Money3 days ago
Oil hits seven-month high, and gold surpasses $5,000 amid US-Iran tensions
-
Tech4 days ago
Zuckerberg testifies on social media addiction and child safety
-
Ticker Views5 days ago
Can diplomacy survive the Iran-US nuclear standoff?
-
Ticker Views3 days ago
Prince Andrew arrested: What it means for the Royal Family
-
News3 days ago
Bill Gates withdraws from India AI Impact Summit before keynote
