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Good afternoon,

Rare earths could be shipped from Africa to Australia for processing under a joint venture involving an ASX minnow, taxpayer-backed Iluka Resources and the US-aligned Kenyan government.

AustralianSuper says it will keep pumping members’ money into the US, allocating half its overseas investments there, even as others flee the fallout of Trump 2.0.

If there was a moment of crisis for stocks and bonds, and a nod to the rise of dark markets, it must be now as Macquarie walks away from more than $285bn under management on Wall Street, writes Eric Johnston.

Vesna Poljak
Business Editor
The markets


Commentary
Market free fall as MAGA base laments losing to China
By ROBERT GOTTLIEBSEN
Business Columnist
Early signs suggest Donald Trump is losing the game of brinkmanship to China, which Americans are realising. Either way there will be some big decisions for Australia after the ele...
Latest news
Slash and earn: Macquarie sells US investment arm in $2.8bn deal
The $68.54bn banking giant will offload its North American and European investment businesses, which consists of almost 700 staff, to Japan’s Nomura.
By DAVID ROSS
Business class quad pods the new way for families to fly
Qatar is rolling out the first ever business class ‘quad suites’ that allow two couples or a family of four to sit together for meals, in a move designed to challenge Qantas’ comeback.
By ROBYN IRONSIDE
Mayne outlook rosy despite effect of tariffs on big pharma
Mayne Pharma, which is the target of a $672m foreign takeover bid, appears unperturbed by the likely impact of Donald Trump’s import tariffs on the drug sector.
By GLEN NORRIS
Winten puts North Sydney uni campus on the market
Winten Property Group, which has a substantial holding in Sydney, wants to cash in on the growing demand for education-anchored assets.
By BEN WILMOT

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