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05 June 2020 • By Sarah Simpkins • 1 min read

AMP Capital steps into Taiwan wind market

AMP Capital has entered the wind energy market in Taiwan, having completed a US$145 million ($208.8 million) mezzanine debt investment with US asset ...

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Retail feels COVID shock

Australian retail turnover fell almost 20 per cent off the back of COVID-19, according to new figures from the ABS. Australian retail turnover fell ...

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CBA buckles down on abusive messages in transactions

CBA has updated its policy around its digital banking platform, with customers caught sending abusive messages to others via transactions to face ...

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Means test knocks mid-income retirees, actuary warns

Middle-income earners are forced to spend their retirement nest egg quickly or lose access to more disposable income from the age pension, according ...

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MP speculates retail funds lagging in early super

Labor MP Andrew Leigh has scrutinised the retail superannuation segment, after two funds paid less than half of their early release claims within the ...

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ASIC further suspends stockbroker AFSL

ASIC has issued a further suspension on the AFSL of a firm that once claimed to be “the largest independent stockbroker in Australia and New Zealand ...

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Retirees slash spending amid virus fears

New research has shown that uncertainty about the future is leading older Australians to cut back on everyday necessities and travel, with 65 per cent ...

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Finance failing in fight against racism

While protests continue across America and the world, the finance sector is failing to combat racism and inequality. Efforts by corporations to ...

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Westpac risk culture ‘immature and reactive’

An independent review has found Westpac’s problems were “sins of omission, not commission” – but the troubled bank is far from exonerated

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ANZ exits NZ asset financier

ANZ has sold its asset finance business in New Zealand, UDC Finance for NZ$762 million ($708.2 million) to Japan-based Shinsei Bank. The sale is in ...

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