Email
Get the latest from The Australian Business
To view this email as a web page, go here.

Good morning,

Resources companies want the most profitable project to prevail in a showdown with renewables players, which they say have been unfairly hoarding land access, while miners make the money that keeps the economy fed.

Meanwhile, two key figures caught up in the investigation into the collapse of First Guardian and Shield, have been banned from leaving the country after the Federal Court granted ASIC’s request. 

And economists say the sharp deterioration in the jobs market makes the RBA’s decision to hold rates steady last month look like a policy error.

Vesna Poljak
Business editor
The markets


Making news this morning
1
NAB boss Andrew Irvine to skip banking lobby networking event
The CEO had always planned to miss the Australian Banking Association’s networking dinner, but his imminent return from annual leave to manage investor concerns about behaviour on the social scene mean the absence won’t go unnoticed.
2
Tarocash owner warns on weak conditions
Hot on the heels of Country Road Group’s owner warning of recession conditions in Australia, the South African parent of Tarocash and Connor has made a similarly dire diagnosis.
3
Maurice Blackburn pursues Qantas breach
Qantas is facing legal action by Maurice Blackburn for compensation for millions of customers caught in a major cyber attack.

image


Editor's picks
MARGIN CALL
Thousands face a flood of water bills after tech woes
Pity the poor customers of Victorian government-owned Greater Western Water, who haven’t received a bill for more than a year due to a botched IT system ‘upgrade’.
By NICK EVANS
EXCLUSIVE
Salter Brothers to turn Darling Harbour into apartment mecca
The Middle Eastern sovereign fund that owns two hotels on Sydney’s waterfront could be the biggest winner if an apartment-heavy scheme is approved.
By BEN WILMOT
EXCLUSIVE
‘Beyond recycling’: how this start-up is saving companies a fortune
An Adelaide start-up is expanding its tech platform from disposable coffee cups to other consumables so firms can track glass bottles, kegs and even cling film in a bid to save millions.
By JARED LYNCH
Commentary
The tariff maths call behind Alcoa diverting its trains
By ERIC JOHNSTON
Associate Editor
Metals major Alcoa offers one of the first insights into how big companies at the front line of Donald Trump’s tariffs are navigating the new financial world.
DataRoom
CVC taps Deutsche for a La Trobe Financial tilt as $3bn sale bids loom
Indicative bids for Brookfield’s financial group are due within days as Warburg Pincus takes on its European private equity rival.
Coronado blocks suitors’ due diligence
The struggling coal miner is understood to have received multiple takeover offers, but sources say the group will not allow them to inspect the books.
CC Capital readies binding offer for Insignia Financial
Shares in Insignia Financial closed up on chatter that suitor CC Capital was putting the finishing touches on a takeover bid.

image