Nuveen, the $1.3 trillion US global asset manager, is targeting wealthy Australian investors to tap into expected growth in the US private credit market via a new fund. The firm has launched its Nuveen Churchill Private Credit Income Fund, aimed at Australian private wealth, high net worth individuals and family offices. Northern Star Resources will buy De Grey Mining in an all-share takeover valuing the target at about A$5 billion, as gold producers seek to secure more supply amid soaring prices for the precious metal. A haul truck loaded with ore at the Fimiston Open Pit gold mine, known as the Super Pit. Photographer: Carla Gottgens/Bloomberg Australian retail sales accelerated in October, marking its third straight month of gains as consumers turn more confident about their finances in anticipation the next move in interest rates is likely to be a cut. NAB has appointed Sally Auld as its chief economist, replacing longtime economic analyst Alan Oster. Auld, currently chief investment officer at wealth manager JBWere, will start as the top economy watcher for the Melbourne-based bank in February. New Zealand will halt all poultry exports after confirming its first case of bird flu on an egg farm in the southern region of Otago, Food Safety Minister Andrew Hoggard said Monday in Wellington. Australian police seized a record 2.3 tons of cocaine and arrested 13 people in raids after the suspects' boat broke down off the coast of Queensland, authorities said Monday. |