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29 July 2019 • By Sarah Simpkins • 1 min read

Suncorp exits thermal coal

Suncorp has implemented a plan to phase out its exposure to thermal coal by 2025, facing a resolution from shareholders at its upcoming annual meeting ...

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CBA asset business sale gets green light

Commonwealth Bank of Australia is set to sell Colonial First State Global Asset Management (CFSGAM) to Japanese company Mitsubishi UFJ Financial Group ...

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Shadow banks the biggest danger for Chinese economy

China's growth rate is likely to stay low, and the country may even slip into recession, according to an academic from UNSW Business School

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Reserve Bank changes ESA policy

The Reserve Bank has updated its Exchange Settlement Account policy in part due to the wider range of fintechs coming to market. The Reserve Bank ...

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deVere boss warns investors over Boris Johnson

Investors in UK financial assets need to be “aware and alert” as Boris Johnson pursues his agenda as Britain’s new Prime Minister, the CEO of one of ...

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Credit Suisse names new Australia CEO

Swiss investment banking heavyweight Credit Suisse has announced on Friday the appointment of its new CEO of Australia. Richard Gibb will lead the ...

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High-net-wealth investors unsophisticated in approach

A new report into the investing habits of high-net-wealth individuals has found that their portfolios are not very sophisticated. The inaugural ...

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Macquarie to dismantle asset finance business

Macquarie Group will be disbanding its Capital and Asset Finance (CAF) unit, dividing it between its other businesses. From 1 September, each of ...

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RBA prepared to cut rates further

Inflation targets have overtaken fears over high household debt as the Reserve Bank’s chief priority, clearing the way for more rate cuts

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IOOF FUMA up 19%

IOOF has posted a year-on-year increase of 18.7 per cent in its funds under management, advice and administration (FUMA) to $149.5 billion. The ...

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