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The Australian Business Review
 

Good morning,

Commonwealth Bank may soon start assessing whether to sell down its stake in Swedish buy now, pay later firm Klarna, a move some analysts estimate could release up to $1.8bn in capital for the banking giant. 

Meanwhile, Australia is at risk of coming out second-best to Donald Trump’s America First policy, with fallout from a blanket tariff imposition having the potential to deliver a bigger-than-expected hit to the local economy, writes Eric Johnston.

And Resolute Mining appears to have run the gauntlet of sending its CEO Terry Holohan to the troubled West African nation of Mali despite a previous security incident involving executives. The company now faces giving up a big piece of its Syama gold mine on top of paying out almost $250m to secure the release of its boss and two other employees.

Perry Williams
Business editor
The markets


Making news this morning
1
Woolworths denies ‘land banking’ sites
Woolworths boss Amanda Bardwell has been asked about internal documents showing the retailer’s strategy around buying and holding land.
2
NAB sued over hardship silence: ‘2000-day wait for reply’
The corporate regulator has put banks on notice over financial hardship, launching court action against National Australia Bank alleging it took years responding to borrowers in crisis.
3
Bank bosses prepare to tackle Treasurer over rural levy
Australia’s major bank bosses will face off against Jim Chalmers in Canberra this week, days after his proposal that would have lenders pay up to keep rural branches open.
Editor's picks
MARGIN CALL
Both barrels for Super Retail, but just a popgun aimed at Nine
Ownership Matters boss Dean Paatsch didn’t waste time getting stuck into Super Retail for its cultural issues earlier this year, but has been a lot slower off the mark with Nine Entertainment.
By YONI BASHAN, NICK EVANS
BARRON’S TOP 150 FINANCIAL ADVISERS
The young tech tycoons redefining what it means to be wealthy
Social media, cryptocurrency, online gambling, sweepstakes businesses, currency trading and software start-ups have helped create a new generation of ultra-wealthy Australians.
By JOHN STENSHOLT
EXCLUSIVE
The Aussie who gave Trump bid a kick along
A streaming platform owned by Australia’s youngest billionaire quietly played a role in helping secure Donald Trump’s return to the White House.
By JARED LYNCH
Commentary
Why US stocks ‘exceptionalism’ is set to continue
By DAVID ROGERS
Markets Editor
Barclays’ global head of research expects Trump to deliver manageable policy changes, cautioning investors to “take him seriously but not literally”.
Workers with a vested interest mean business
By SHAUN CARTOON
In the UK more than one business per day is being sold to its employees and data shows the model is outperforming national productivity numbers by some margin.
DataRoom
PGG Wrightson next on Elders to do list after $475m Delta buy
Elders had been stalking Delta Ag for years, but getting the deal right was all about timing.
Holgate leads the charge as TGE considers listing
The Christine Holgate-led management of Team Global Express made a guest appearance at the UBS investment conference to fund managers.
ProTen poultry sale on a slow bubble
The sale of $1bn poultry business ProTen will now likely happen next year, say sources, with Roc Partners tipped to be in pole position to buy the business.

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