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17 February 2023 • By Jessica Penny • 1 min read

Platinum launches new fund with goal to aid decarbonisation process 

The fund invests in the transition away from fossil fuel-derived energy, goods production and consumption. Platinum has announced its Platinum ...

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Rates to hit 4.1% by May, no easing until late 2024: ANZ

The research arm of the major bank has revised its monetary policy expectations, now forecasting three consecutive hikes in the coming months to ...

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To avoid a recession, RBA will need to cut rates in 2023, CBA says

CBA has predicted rate cuts by the end of 2023. CBA’s economic analysis, released with the bank’s half-year results this week, assessed that ...

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Profit, FUM tank at Magellan

Magellan wrapped up a tumultuous half year with a 52 per cent drop in average funds under management.  In an ASX listing on Thursday, Magellan ...

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AMP reports drop in underlying net profit

AMP says the transformation of its advice business continues to progress. AMP reported an underlying net profit after tax (NPAT) of $184 million ...

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‘It’s not just me’: Lowe responds to rate policy backlash

The governor has hit back at criticism over his leadership of the Reserve Bank and defended the monetary policy board’s tightening strategy

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Oxford Economics upgrades outlook for emerging markets

An improvement in global economic sentiment has prompted a revision to the research group’s GDP growth outlook for emerging markets.  Oxford ...

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Big banks called to face parliament

Australia’s major banks have been summoned to parliament to face scrutiny over their business practices and adherence to community standards and ...

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Shares ‘vulnerable to pullback’ with market volatility ahead

A strong start to the year for equities markets could be short-lived amid continued monetary policy tightening and high risks of a global recession, ...

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Slight lift in assets under custody despite market volatility

The Australian Custodial Services Association has released its latest industry statistics. Total assets under custody for Australian investors rose ...

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