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Page 143 - ஆஸ்திரேலிய விவேகமான ஒழுங்குமுறை அதிகாரம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Investors are not buying into the myth of a coal industry renaissance

Investors are not buying into the myth of a coal industry ‘renaissance’ At the world’s biggest coal export port in England, no China-bound ships are waiting or scheduled to load before Christmas By Ben Smee and Ben Butler / The Guardian Three years ago, pictures of bulk carriers lined up off the coast of Mackay, Australia, were framed as evidence of a “renaissance” in the coal industry. There were more than 70 coal ships in the offshore gridlock in December 2017. This year, there were just 12 waiting equaling a record low set at the height of the COVID-19 pandemic. At the world’s biggest coal export port in Newcastle, England, no China-bound ships are waiting or scheduled to load before Christmas. More than 50 ships carrying Australian coal are reportedly waiting off the Chinese coast.

IOOF gets one green light for $1 4b MLC takeover

IOOF gets one green light for $1.4b MLC takeover Share The competition regulator will not stand in the way of wealth giant IOOF s ambitious acquisition of the National Australia Bank s MLC, noting that the combined group would still face significant competition from industry super funds. The Australian Competition and Consumer Commission released the findings of its review into the $1.4 billion transaction on Monday, helping pave the way for IOOF to make good on its claim to become Australia s largest retail wealth manager and provider of financial advice. Shares in IOOF rose 3 per cent to $3.74 in Monday s trade. ACCC approval is a key milestone for the MLC deal, says IOOF CEO Renato Mota.  

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