Email
Here's what's making news this afternoon
To view this email as a web page, go here.

Good afternoon,

Sanjeev Gupta says the Whyalla steelworks is turning over $13m-$14m a week, and he hopes the operation will be breaking even by mid-year, after being at “death’s door” in recent months.

Mark Vasella’s BlueScope will be a net beneficiary from Donald Trump’s tariff war , regardless which way it goes. Although it’s clear that not all of those benefits going to are going to flow through to Australia, writes Eric Johnston.

Troubled Star Entertainment Group has received a potential financial lifeline from US-based Oaktree Capital Management in the form of a $650m funding proposal.

The markets


Commentary
Board diversity is great, but merit is more important
By ROBERT GOTTLIEBSEN
Business Columnist
A new wave of technological revolution is cresting. Why is the ASX burying its head in the sand?
Latest news
Westpac warns of rising unemployment
One of Australia’s big four banks thinks GDP will track sideways over the coming two years, with unemployment expected to lift from its current low levels.
By DAVID ROSS
Bendigo smashed on margins hit
The regional lender increased deposits and home lending well above its peers over the six months to December 31, but it came at a cost.
By CLIONA O’DOWD
Lendlease hit by construction woes as offshore exit steps up
The developer is making headway on simplifying its business but has been hit by soaring costs amid pressure to exit projects in China and Malaysia and its retirement villages business.
By BEN WILMOT
Drop in savings rates will drive investors to take risks
Conservative investors – especially older Australians – could be tempted to look for riskier homes for their savings as bank deposit rates begin to fall.
By JAMES KIRBY

image