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The Australian
 

Good afternoon,

The Reserve Bank says wages growth is slowing, with labour supply more abundant than anticipated, as it becomes more optimistic a rate cut could be on the horizon.

The UN financial agency has warned against expansionary government policies that could thwart the Reserve Bank's management of ‘the final descent of inflation to target’ as external challenges loom.

Rio Tinto is a step closer to securing its biggest takeover deal since 2007 after Arcadium Lithium shareholders voted in favour of a $10.7bn all-cash offer.

Perry Williams
Business editor
The markets


Commentary
Retailers face tough times but consumers are starting to spend
By FLEUR BROWN
Retail performance has long been a bellwether for our economy, and this year’s Christmas and peak trading period have never been more crucial for Australian ­retailers.
Latest news
Goldman Sachs gives Foxtel deal the tick of approval
News Corp will have a stronger earnings profile and be better focused on its digital property growth drivers following the sale of Foxtel to DAZN, Goldman Sachs says.
By CAMERON ENGLAND
St Barbara vows to fight $200m tax bill, PNG fraud claims
St Barbara boss Andrew Strelein has accused authorities in Papua New Guinea of errors in law after the gold miner was hit with a Christmas Eve tax bill of more than $200m.
By BRAD THOMPSON
NextDC-backed cloud provider turns takeover target
An underperforming cloud services provider one third-owned by NextDC has found itself the target of competing takeover bids.
By CAMERON ENGLAND
Honda, Nissan to create world’s top-three automaker
Honda’s chief executive said the move wasn’t a rescue of troubled Nissan as Japanese government pressure and China impacts drive marriage.
By PETER LANDERS

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