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24 February 2020 • By Sarah Simpkins • 1 min read

APRA to embed climate in stress tests

Major financial institutions will have to answer for how well prepared they are for climate change, as the prudential regulator reshapes its stress ...

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Hume promises more super choice

Senator Jane Hume has called out employers that lock their employees into super funds, saying it was “crazy” that people weren’t permitted a choice

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Worry about ‘carbon footpath’, not footprint: AXA

Investors should be carefully considering rapid climate-based divestments, with point-in-time decisions causing unintended consequences for portfolio ...

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Climate threatens energy security: ESB

The introduction of renewables has progressed at a “remarkable pace”, but climate change poses a risk to the security of the national market, ...

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BlueScope profits tumble

BlueScope profits have taken a massive hit off the back of weaker steel prices, and warned that their China business will be “heavily impacted” by the ...

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HSBC commences overhaul as profit shrinks

A reported 35,000 jobs are to be shed at HSBC in the next three years, as part of a group-wide restructuring, after the company’s profit plummeted in ...

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Global growth ‘fragile’: IMF

Global growth is bottoming out but the projected recovery of the world’s developed economies remains uncertain, according to data from the IMF

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OneVue sells Sargon’s Sequoia stake, Madison next

OneVue has sold Sargon Capital’s shares in Sequoia Financial Group for $4.36 million, with its next priority being to cast off the troubled group’s ...

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Tech war could split internet

It’s “my way or the Huawei” as the US escalates its skirmish with the Chinese telecom in a move that could see the creation of a global “splinternet”

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Morgan Stanley to buy E*TRADE

Morgan Stanley has pushed into retail in the largest Wall Street acquisition since the GFC. The purchase opens up a significant chunk of the retail ...

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