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The Australian Business Review
 

Good morning,

Labor is on the cusp of closing a major deal with ANZ to ensure the banking giant does not follow some of its rivals and withdraw services from the Pacific, creating an opportunity for China to potentially fill the vacuum.

Meanwhile, Resolute Mining says its top priority is the safety of CEO Terry Holohan and two other staff members being held in west Africa’s Mali but investors have been spooked, wiping off a third of the company’s market value.

And the federal government has taken another crack at super funds and urged them to do more to improve their customer service record, days after mega-fund Australian Retirement Trust suffered an outage which delayed pension payments to members for days. 


Perry Williams
Business editor
The markets


Making news this morning
1
Beetaloo gas reserves viable to fill shortfall, says APA Group
The eastern seaboard faces a looming gas shortfall and developing resources in the Beetaloo Basin would be contentious, but a senior APA executive says it is a viable solution.
2
How older, richer passengers will make Qantas a winner
Older Australians are set to travel overseas more than ever, and the nation’s biggest airline is muscling up to carry them.
3
CommBank breaks a big share price barrier
In the space of minutes on Monday Commonwealth Bank shares hit $150 and its market cap reached $250bn. Where to next?
Editor's picks
MARGIN CALL
Not targeting electoral seats: Do you think we’re simple, Simon?
In one of the most blatant cases of gaslighting voters in a while, Simon Holmes a Court has declared his Climate 200 doesn’t actually target seats come election time.
By YONI BASHAN
BRISBANE GAMES
Clock ticking: Olympics decisions must be made, experts warn
Industry leaders say the clock is ticking for the Queensland government to begin making major infrastructure decisions in preparation for the 2032 Olympic Games.
By CHRIS HERDE
MINING
Liontown scaling back Kathleen Valley production
Just three months after opening the $950m mine, the Gina Rinehart-backed miner is in survival mode.
By BRAD THOMPSON
Commentary
The uncertainty Trump creates ‘is his tactical advantage’
By ERIC JOHNSTON
Associate Editor
There’s two things to know how Trump approaches his dealmaking, says retired US four-star admiral and former head of the National Security Agency Mike Rogers.
Big super’s back office lets retirees down again
By JAMES KIRBY
Wealth Editor
Super funds are increasingly failing retirees due to technical ‘outages’ all while they dictate to listed companies how they should run their operations.
DataRoom
WA giants shun big-ticket M&A
Two of Western Australia’s most influential companies are turning their backs on big-ticket mergers and acquisitions, opting instead to drive down debt and buy small bolt-on businesses.
Cuscal, DigiCo REIT IPOs both on track for pre-Christmas
It may have been a quiet year for initial public offerings, but it will end on a high with two deals in the works.
Fonterra to launch $2bn dual track process in early 2025
Overall, Fonterra has flagged $4bn of assets for divestment globally, about half of which are in its ANZ unit.

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