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The Australian Business Review
 

Good morning,

The Albanese government has signed off on extending the life of four coal mines in Queensland and NSW that employ thousands of workers, under strict environmental conditions and in the face of opposition from green groups.

Meanwhile, the value of Australia’s energy and resource exports will fall substantially over the next 18 months and a possible US-China trade war threatens to extend the pain, according to new government forecasts that will intensify concerns about the outlook for the economy.

And the competition regulator won't allow Catholic Health Australia, whose members provide about a third of private hospital care nationally, to collectively boycott large health insurers , should negotiations for increased hospital funding arrangements fail.

The Australian Business Review morning newsletter will return in early January, but you can keep up to date with the latest in business throughout the holiday period in our afternoon newsletter every weekday.



Perry Williams
Business editor
The markets


Making news this morning
1
Hawkish shift from US Fed rocks markets
The Fed’s shift in focus from supporting jobs to fighting inflation has seen markets reassess their bullish assumption this year that the US central bank has their backs.
2
Micro-caps struggle to raise money before year-end cut off
It’s been a tough year for micro-cap stocks and for many the window has now closed to raise money before Christmas, leaving them high and dry until February.
3
Nicola Forrest’s next big mission is all about the kids
Australia’s greatest resource is not iron ore or other mineral riches but its human potential, according to Nicola Forrest.
Editor's picks
MINING
Canada clears Paladin’s $1.5bn uranium takeover
The acquisition of Fission Uranium will be subject to strict conditions aimed at preventing Chinese influence.
BRAD THOMPSON
TRANSPORT
Transurban slugged over ‘unjust fees’
The country’s biggest toll road operator will be forced to stump up millions of dollars after it ‘unjustly’ skimmed extra fees off ConnectEast.
By ANGELICA SNOWDEN
COMMERCIAL PROPERTY
Offshore investors swoop as dollar dives
Big US firms flexed their financial muscle to become the biggest buyers in commercial property this year, but Japanese companies have kept on buying as the year comes to a close.
By BEN WILMOT
Commentary
ANZ’s board ignored a very loud message on bonuses
By ERIC JOHNSTON
Associate Editor
Qantas, Woolworths and now ANZ have all found out the hard way. On reputation – you go up slowly but come down at high speed.
DataRoom
The year’s big deals and why UBS, Goldman Sachs came out on top
Australia’s high profile dealmakers expect activity to accelerate in 2025 after an already busy year.
Citi leads as block trades rule
Block trades dominated much of the equity capital markets activity in 2024, with Citi coming out on top with its role in a deal involving Goodman.

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