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The Australian Business Review
 

Good morning,

The US-listed Peabody Energy has won the competition to buy Anglo American’s Australian steelmaking coal mines, paying up to $5.8bn in a deal that strengthens Anglo’s balance sheet amid the potential return of spurned takeover suitor BHP. 

Meanwhile, Australia has a stark choice between following a US-style push to deregulation under Donald Trump, or staying on its current European-style path of increasing regulations on business, the chief executive of bionic ear company Cochlear, Dig Howitt, has warned. 

And the arms race between retailers is so heated Woolworths has taken the unusual step of buying online shopping assets and IP from a failed US tech venture so that it can maintain a competitive edge.
Perry Williams
Business editor
The markets


Making news this morning
1
Rates buffer held amid growing loan stress
The prudential regulator says Australia’s household debts are huge, as it rejected calls to change the interest rate buffer used to determine home loan serviceability.
2
Heat spike puts NSW power grid on edge
NSW households and businesses are on edge this week with the threat of electricity blackouts as the mercury rises.
3
Wesfarmers and LNP clash over production tax credits
Wesfarmers is at odds with the Coalition over its refusal to back legislation aimed at delivering billions of dollars in production tax credits to Australia’s critical minerals sector.
Editor's picks
MARGIN CALL
Catholic uni cops broadside from a higher power
The ACU’s shambolic response to a mass walkout from a speech by former union leader Joe de Bruyn has drawn the ire of Sydney Archbishop Anthony Fisher.
By YONI BASHAN, NICK EVANS
EXCLUSIVE
Coles teams up with Microsoft to take shopping to the next level
Coles has signed a five-year deal with Microsoft to change the way Australians shop and bolster sales at the supermarket chain, thanks to artificial intelligence.
By JARED LYNCH
WEALTH
Crimes and inheritance: how it impacts the Aussie wealth transfer
A massive money transfer across generations threatens to create more crimes, and estate planning experts say there are key rules to understand.
By ANTHONY KEANE
Commentary
‘Do no more harm’: CEOs make their election pitch
By ERIC JOHNSTON
Associate Editor
The notion of an Elon Musk-style regulation buster with authority to drive changes would be welcome relief here.
Trump parts company with Australia on energy
By ROBERT PRITCHARD
Donald Trump’s nomination of Chris Wright as the new US secretary of energy is a signal that Australia should align itself with what the US is planning.
DataRoom
→ Yancoal turns focus to auction for Kestrel coal mine
Having missed out on Anglo American’s steel making coal assets, Australian-listed coal miner Yancoal is turning its attention to the Kestrel coal mine in Queensland.
→ Lack of scale an issue in Cuscal’s weak debut
Questions are being asked over whether scale is increasingly playing a part in a company’s performance on listing, after Cuscal shares fell on their debut on Monday.
→ More in store for PEP as it gets busy on $1.2bn SG Fleet buy
PEP has a long list of deals it is working through, and it’s not expected to stop after it has completed a buy of SG Fleet.

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