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Good afternoon,

Macquarie Group has withdrawn from the world’s largest climate banking alliance, making it the first major Australian financial institution to do so, with CBA to start a review of its membership soon.

Meanwhile, DataRoom reports a major consortium, including David Di Pilla's HMC Capital and Bupa, is sizing up a bid for Brookfield's Healthscope as rising debts and costs plague the hospital provider.

And assertions from a senior Trump trade spokesman claiming Australia’s aluminium sector is controlled by China is factually wrong, new analysis from The Australian shows.

Perry Williams
Business editor
The markets


Commentary
‘Green shoots’: CBA shows we’ve finally hit a turning point
By ERIC JOHNSTON
Associate Editor
The banking giant is the closest thing Australia has to a real-time measure of the economy. And big investors are now betting on an important shift.
Latest news
Banks call for better policy to boost housing supply
Lenders have gotten behind proposed changes to the treatment of student debt for home loans, but argue housing supply is the “highest priority”.
By CLIONA O’DOWD, JOYCE MOULLAKIS
New airline to compete with Qantas and Cathay
Competition on the busy Sydney-Hong Kong route is about to increase, giving travellers a third option.
By ROBYN IRONSIDE
Gold miner Evolution flags dividend bonanza
Evolution is sitting pretty with its gold and copper mines but sees industry appetite for M&A.
By BRAD THOMPSON
CBA’s young customers, Victorians hurting amid mega profit
The banking giant’s shares hit a record after CEO Matt Comyn delivered cash earnings of $5.13bn, as its young customers and Victorians struggle.
By DAVID ROSS
Price hikes boost NBN Co’s earnings
NBN price hikes have pushed more Australians into plans with higher internet speeds, lifting the government-owned telco’s half year earnings more than 7 per cent.
By JARED LYNCH

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