Good afternoon, Stocks have fallen, and the Australian dollar has been pummelled by fear of a global trade war after US president-elect Donald Trump announced a hardline tariff plan. Anglo American has sold its Australian coal mines for $5.8bn, well above consensus estimates, in a deal analysts say strengthens its hand against BHP. Google is expanding its $1bn undersea cable project to connect Darwin and Singapore via Christmas Island, a move it says will boost “reliability and resilience” of Australia’s internet connectivity and provide a new link between the US and Asia. |