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26 February 2020 • By Lachlan Maddock • 1 min read

Infrastructure Australia flags climate risk

Infrastructure Australia has placed climate change in the top tier of its priority list for the first time, warning that drought, flooding and ...

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IOOF facing shareholder class action

Shine Lawyers has indicated it will be commencing a class action against IOOF on the behalf of shareholders who were said to suffer losses due to ...

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Fundies push against active management doubts

Three global fund mangers have urged Australia’s investment industry to bolster active management and challenge concerns around fees and costs

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Equinor drops exploration plans

Norwegian oil giant Equinor has ditched plans for a drilling operation in the Great Australian Bight, saying they were not “commercially competitive”

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Coronavirus heightens recession risk

COVID-19 is making a rate cut in March substantially more likely and a recession could be on its way, according to AMP Capital. Australia is likely ...

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MyState bumps up profit with wealth revamp

MyState’s profit has elevated by 5.4 per cent for the half year, with the company anticipating the launch of its new funds platform will propel its ...

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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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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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