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23 January 2020 • By Sarah Simpkins • 1 min read

UBS profit down as targets failed

UBS’ full-year net profit for 2019 came to $6.2 billion (US$4.3 billion), down by 5 per cent from the previous year, with the group falling short of ...

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NAB sued over high super fees and adviser commissions

Maurice Blackburn Lawyers has filed a class action on behalf of more than 330,000 NAB super account holders, alleging breaches of super trustee duties ...

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IMF downgrades growth outlook

The International Monetary Fund (IMF) believes that global growth will increase sluggishly but remains vulnerable to geopolitical and climate crises

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ESG to become fiduciary responsibility: State Street

Data linking environmental, social and governance values to investment outcomes has seen an industry shift towards considering ESG issues as part of ...

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Half of global GDP at risk: WEF

More than half of global GDP is under threat from biodiversity loss, with extinctions and ecosystem collapse set to impact supply chains and disrupt ...

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‘Fears are stifling hope’: Edelman

More than half of the population now believes capitalism is actively hurting the world, according to the Edelman Trust Barometer. Are they ...

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‘Green swan’ events could trigger next GFC

Central banks could be forced to take drastic action on “green swan” climate events in order to prevent the next financial crisis, according to the ...

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Disasters ravage consumer confidence

Drought and bushfires have led to “cratered” consumer confidence that could have a radical effect on the Australian economy, according to a new report ...

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Mayfair, Platinum battle over trademark

Mayfair 101 Group has stood firm on the name of its customer-facing brand Mayfair Platinum, after copping legal action from Platinum Asset Management ...

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China growth remains strong, despite uncertainty

Reports of China’s looming economic demise may be greatly exaggerated, with strong consumer spending and foreign investment likely to support the ...

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