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The Australian Business Review
 

Good morning,

The Australian sharemarket is expected to fall from its near-record highs as a result of President Donald Trump’s shock move to immediately forge ahead with tariffs on China, Canada and Mexico, while the weak Australian dollar could come under even more pressure as the global economy absorbs the shock.

Elsewhere, aggrieved banking, insurance and superannuation customers are suffering lengthy delays of up to six months to have case managers assigned to complaints at the nation’s peak financial dispute resolution body. 

And the faster pace of technological changes, driven by artificial intelligence, will lead to new “super clusters” of leading companies , according to New York-based analyst Viktor Shvets, as "moats" around the tech giants disintegrate.

Perry Williams
Business editor
The markets


Making news this morning
1
Founders first: Geoff Wilson bets on market leaders
The stock picker will put to test the notion that smarter investing is about backing the ones with skin in the game.
2
Tech and climate to drive Deloitte, says new chief
The audit and consulting sector is set to benefit as structural transformations related to technology and climate wash through Australia’s economy in coming years.
3
Private hospitals slam data demand ‘insult’
The federal government’s new round of consultation on private hospital funding is an ‘insult’ to the struggling sector, the Australian Private Hospitals Association says.
Editor's picks
COMPETING BIDS
Real estate agents make their moves in January job shuffle
While the coastal auction sales season got under way, metropolitan estate agents took the opportunity to make a fresh start in new surrounds.
By JONATHAN CHANCELLOR
TECH RACE
DeepSeek won’t crush AirTrunk’s $100bn dream: Blackstone
Blackstone says its multibillion-dollar bet on data centres – including its $24bn investment in AirTrunk – still stacks up despite China’s low-cost model DeepSeek rattling global markets.
By JARED LYNCH
EXCLUSIVE
Viewers switching to ad-supported streaming
Australian households are shifting to cheaper ad-supported streaming services rather than cancelling subscriptions, as cost-of-living pressures reshape the nation’s viewing habits.
By JAMES MADDEN
Commentary
Why a rate cut won’t stop hip pocket pain
By ROBERT GOTTLIEBSEN
Business Columnist
Any cut to interest rates will greatly assist banks, those under mortgage stress and the chances of an ALP election win. But it will make things worse elsewhere.
Incoming CEO Matos flies under radar to meet ANZ team
By JOYCE MOULLAKIS
Senior Banking Reporter
ANZ’s top brass will have more insight into the plans of the bank’s CEO-elect Nuno Matos, after he held a string of clandestine meetings with them last month.
DataRoom
Private equity giants in line for Device Tech
The Carlyle Group and CVC Capital are shaping up as the frontrunners to buy the $1bn-plus Device Technologies, shortly to be put up for sale by Navis Capital.
KKR’s persistence raises hopes for Perpetual
The fact that Kohlberg Kravis Roberts remains in talks with Perpetual to buy its corporate trust and wealth management unit has raised hopes the private equity firm will lift its offer.
What Nine offered for Foxtel
Chatter is filtering out about Nine Entertainment’s apparent play for Foxtel, with some numbers being talked about as to what sort of price it put forward to buy the business late last year.

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