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. |