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Good morning,

Malawi police have been called in to investigate possible ties between a major Chinese rare earths player and a group of men accused of illegally taking geological samples and gathering sensitive data at a mining site controlled by Perth-based Lindian Resources.

Meanwhile, tycoon Andrew Roberts is preparing a rescue plan for the collapsed Victorian arm of his construction company, but the timing could be pushed back as administrators have won an extension to consider options for the builder. 

And gas giant Santos has cleared the final regulatory hurdle for its $5.8bn offshore pipeline in the Timor Sea to the north of Australia, overcoming a long and expensive legal battle against environmentalists. 

Vesna Poljak
Business editor
The markets


Making news this morning
1
James Hardie debacle shows why it’s time to review ASX powers
ASIC should consider whether ASX’s actions in relation to both James Hardie and any other waivers it has allowed were detrimental to shareholders.
2
Gold’s surge to record high rings alarm bells
Gold’s price has set a new record in Asia-Pacific trade, ringing alarm bells about the global economy and the financial system buffeted by the Trump tariff regime.
3
Virgin and Qantas’ neck-and-neck battle for on-time crown
Virgin Australia’s plans for a June IPO have received a boost with new on-time performance data crowning the airline the country’s most punctual once again.
Editor's picks
MARGIN CALL
Boss of high-flying gold miner charged with assault
Capricorn Metals boss Paul Criddle has stepped down after being charged with assault, but shareholders would be none the wiser.
NICK EVANS
MARGIN CALL
Dumped artist’s a worthy charity case, says visual arts body
Artist of questionable causes Khaled Sabsabi was dumped as rep to the Venice ­Biennale but thanks to the National Association for the Visual Arts’ tax-deductible status, donors are digging deep.
By YONI BASHAN
SUPERANNUATION
‘Still lots of positives’: Trump can’t shake AusSuper’s grand US plans
The nation’s biggest super fund 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.
By CLIONA O’DOWD
Commentary
Pivot point as Macquarie calls time on stocks and bonds
By ERIC JOHNSTON
Associate Editor
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 $285bn-plus under management on Wall Street...
DataRoom
Low Domain share price suggests a done deal with CoStar
Domain Group shares are still trading well below a $2.8bn offer but that is likely because there’s a view CoStar has agreed to a price far cheaper than it thought it needed to pay.
Good news for Vault investors as hopes grow of a share buyback
There was speculation six months ago Vault Minerals might buy out its gold hedge book but now it seems that the miner has other plans.
Staff costs crimp GS Australia profits after bumper year
Accounts show local profit fell for the Wall Street powerhouse despite it advising on big ticket deals.

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