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The Australian Business Review
 

Good morning,

Australian Retirement Trust has cooled on private credit as demand for the asset class soars, with the superannuation fund warning of lower lending standards and reduced returns as investors rush in.

Meanwhile, ex-RBA governor Philip Lowe describes his early life as one of ‘incredible privilege’, but as chair of Future Generation Australia he wants to help children who have faced adversity early in their life to thrive.

And the Clean Energy Council’s latest Quarterly Renewables Report says strong investment support has underpinned commitments of more than 1400MW in new large-scale renewable energy generation projects, worth $3.3bn.


Perry Williams
Business editor
The markets


Making news this morning
1
NAB eyes scaled advice in private wealth arm
National Australia Bank is considering a scaled advice offering in its private wealth arm, as it chases a growth pipeline boosted by its move to link up its private and business bankers.
2
Trump not a reason to avoid US, say travel chiefs
Travel industry leaders are holding their breath as Donald Trump returns to the White House, fearing any destabilisation of international relations could rattle the ongoing travel recovery.
3
Tepid start to the week for local bourse
Mining and energy stocks will weigh on the local sharemarket on Monday, even after US markets hit fresh highs.
Editor's picks
COMPETING BIDS
Vicars splashes cash for another Bondi buy
Billionaire fund manager Will Vicars has added to his eastern suburbs property portfolio with a $12.5m cash buy on the Ben Buckler headland in North Bondi.
By JONATHAN CHANCELLOR
MEDIA
US poll highlights how news has changed
Podcasts are exploding, TikTok is a news source, and traditional media is shrinking in reach and influence.
By ISABELLA SIMONETTI, ANNE STEELE
EXCLUSIVE
The extraordinary return of the business trip
Predictions the Covid pandemic would kill off travel for work have failed to materialise, with new data showing Australians are now among the biggest business travellers in the world.
By ROBYN IRONSIDE
Commentary
Commission crunch as banks battle mortgage brokers
By JOYCE MOULLAKIS
Senior Banking Reporter
The profitability of mortgages for the major banks is severely challenged, giving rise to a fierce new battleground. Are broker commissions in the firing line?
Australia at risk in US-China trade war
By GLENDA KORPORAAL
Senior writer
Trump’s overwhelming mandate, and his aggressive comments about China, leave Australia in danger of being caught between two elephants.
DataRoom
Incitec Pivot to revive fertiliser sale campaign
The $6bn listed industrials group Incitec Pivot is set to announce a revived sale process for its fertiliser business when it reports annual earnings, and is prepared to break up the division.
High demand for Cuscal raises hopes of reviving IPO market
Demand for the float of Cuscal will no doubt be a positive for those hoping the IPO market will reopen, but much of it will depend on how it trades once listed.
$30bn valuation places Chemist Warehouse in the big leagues
Chemist Warehouse and Sigma will be worth more than $30bn when their backdoor listing deal is finalised, close to Woolworths’ valuation and several billion more than Coles.

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