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Tabcorp Holdings Limited (TAH.AX) shares fell over 23% following the announcement of an AUSTRAC investigation into AML/CTF compliance. Technical indicators show a bearish trend with the stock trading at A$0.81, well below its 200-day SMA.
Beach Energy Ltd (BPT.AX) faces a complex trading environment as surging global oil prices provide a catalyst against a backdrop of revised production guidance and bearish technical indicators, including an RSI of 44.03.
New Zealand small businesses are facing a dual financial squeeze as KiwiSaver employer contributions rise to 3.5% alongside surging fuel costs. Recent data shows 17% of SMEs have less than a month of cash reserves, raising concerns about future hiring and wage growth.