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The catch to NAB financing the world’s largest coal export terminal

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3 years ago

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National Australia Bank has agreed to finance the world’s largest coal export terminal …but it must meet a new set of environmental goals.

Last year ANZ withdrew its funding for the Port of Newcastle under its emissions action plan.

There were fears the port could become a burden as the world moves away from fossil fuels.

NAB has stepped in with “sustainability linked” loans … now to the value of $565 million. 

But the catch is… the port must reduce its emissions that come from its operations and electricity.

Social goals must be met too., NAB wants the Port to screen suppliers for modern slavery risks and take action.

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Warner Brothers & Discovery considers splitting up to boost stock value

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1 week ago

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July 19, 2024

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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1 week ago

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July 18, 2024

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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1 week ago

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July 18, 2024

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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