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Record low rates deliver competitive advantages to Australia’s biggest banks: regulator

Australia’s banking watchdog on Friday said record-low interest rates are likely to benefit the country’s “Big Four” lenders over their smaller counterparts due to their better capital position and access

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WeWork considering curbing Neumann’s voting power to save IPO

WeWork owner The We Company’s executives, investors and advisers are discussing curbing the voting power of founder Adam Neumann and removing his co-founder wife from a role in succession planning,

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PG&E reaches $11 billion settlement relating to wildfire claims

Utility company PG&E said on Friday it has reached an $11 billion settlement agreement with entities representing about 85 percent of insurance subrogation claims relating to 2017 and 2018 wildfires.

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German savers need not reckon with negative interest rates

German Finance Minister Olaf Scholz on Thursday sought to calm savers worried that the ever-lengthening period of low interest rates in the euro zone could see them paying negative interest

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EU considers energy taxes to counter climate change

The European Union is considering new energy taxes, including on the aviation sector, to meet its climate targets, top officials said on Friday, with Germany calling for “drastic steps” to

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Global stocks, bond yields lifted by U.S.-China trade hopes

A gauge of global stocks rose for an eighth straight day and benchmark government bond yields climbed on Friday after signs of progress in U.S.-China trade talks, as well as

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Investing green is all the rage, but benchmarks still hazy

Global money managers and companies are rushing to meet a deadline to report on their carbon footprint, but the lack of a standard metric raises concerns their efforts could just

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