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The Australian Business Review
 

Good morning,

Rio Tinto boss Jakob Stausholm has labelled the $10bn deal to buy Arcadium Lithium as a "risk worth taking" and a significant step in the mining giant's transformation into a world-class business at the forefront of the energy transition.

Meanwhile, more than 20,000 Australian jobs in the telecoms and financial services sector have been sent offshore over the past 12 months, according to a leading global recruitment agency, while up to 70 per cent of large Australian companies are looking to implement cost-cutting measures including lay-offs and salary cuts. 

And beauty entrepreneur Linda Rogan intends to pursue legal action against billionaire Richard White, claiming she lost hundreds of thousands on a business venture he allegedly promised to fund only to then end both their sexual and business relationships.

Perry Williams
Business editor
The markets


Making news this morning
1
APA to push ahead with east coast grid expansion
A ruling by the energy regulator has effectively given APA the green light for the project, which will boost capacity on its SWQP and Moomba Wilton Pipeline.
2
Aluminium must be on critical minerals list, says peak body
Australia’s aluminium sector says the country’s competitive advantage is being undermined by unclear regulatory frameworks which weaken investment.
3
JPMorgan backs US stocks as China’s fiscal stimulus looms
With US growth looking solid the markets are expecting a fairly aggressive easing cycle, while expectations of major fiscal stimulus in China remain high despite recent disappointment.
Editor's picks
MARGIN CALL
Richard White speech to paint the town red
Liberal Senator Andrew Bragg is offering ringside seats to the best show in Sydney – but will tech billionaire Richard White deliver?
By NICK EVANS
LOGISTICS
ISPT gambles on a $250m portfolio split
Fund manager ISPT has split a portfolio selling Sydney elements to the family behind the Busway empire and Queensland assets to fund manager Irongate.
By BEN WILMOT
COST OF LIVING
Web of expenses: how to cut your internet costs
Making a smart connection to your internet expenses can save you hundreds of dollars a year, without any impact on speed.
By ANTHONY KEANE
Commentary
Rio chief’s lithium bet to play out over decades
By ERIC JOHNSTON
Associate Editor
Rio Tinto now becomes one of the world’s most influential lithium producers bringing balance sheet heft and credibility to the temperamental metal.
What a Harris or Trump victory means for Australia
By GLENDA KORPORAAL
Senior writer
An analysis paper by AMP chief economist Shane Oliver released on Wednesday says that the US election has ‘significant potential to impact markets’.
DataRoom
Mitsubishi Chemical joins BGC competition
Speculation is mounting that the Mitsubishi Chemical Group is pursuing the assets being sold by Buckeridge Group of Companies.
Metals Acquisition raises equity after passing on $1bn Portuguese acquisition
Metals Acquisition is understood to have been looking to buy Portuguese mine Neves-Corvo but has now moved on.
Treadstone, Citi tapped for Newmont’s $US1bn sale
Australian advisers have been assisting Newmont on asset sales.

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