Car companies remain confident in China’s NEV market
HEFEI, May 24 (Xinhua) – German automaker Volkswagen’s Chinese joint venture Volkswagen Anhui recently began working on a new project for making new energy vehicle (NEV) parts, with an investment of 130 million yuan (about 19.5 million U.S. dollars). Located in Hefei, capital of east China’s Anhui Province, the project has a planned construction area…
Sustainable investing in 2022
Sustainable investing allows you to invest with intention by aligning your portfolio with your principles. Sustainable investing has had increasing momentum. According to the U.S. SIF Foundation’s 2020 Report on US Sustainable and Impact Investing Trends, as of year-end 2019, one out of every three dollars under professional management in the U.S. – $17.1 trillion – was managed according to…
CommSec morning report Wednesday May 4, 2022
Latest news * In the US, JOLTS job openings (vacancies) rose from 11.344 million to 11.549m in March (survey: 11.2m). Factory orders rose by 2.2% in March (survey: +1.1%). Weekly Redbook chain stores sales rose by 15.2% in the past week on a year ago, up from the 12.7% annual gain in the prior week….
ASIC – Super infringement notices issued
Maritime Super Pty Ltd has paid $26,640 to comply with two infringement notices issued by ASIC. The notices concerned alleged misleading statements made to members about Maritime’s investment partnership with Host-Plus Pty Ltd (Hostplus). In a Significant Event Notification and a newsletter sent to members between March and June 2021, Maritime stated that its investment…
ASX finishes April with 2nd strong rally
SYDNEY, AAP – The local bourse has ended April with a bang, recovering from the brutal three-day selloff that began last week with its best two-day performance of the year. The benchmark S&P/ASX200 index closed on Friday with a last-minute surge to finish up 78.1 points, or 1.06 per cent. The broader All Ordinaries index…
‘Navigating in the dark’ on green economy
CANBERRA, AAP – The task of transforming to a cleaner economy is far larger than anyone expects and most of us are still in the dark about what skills are needed, a business forum has been told. Industrial-scale investment in new technologies and changes within households are part of a carbon neutral economy, along with…
Meat industry meeting climate target
SYDNEY, AAP – Australia’s red meat industry says it’s on target to reach carbon neutrality by 2030 and has reduced its emissions by almost 60 per cent since 2005. In an address to the Farm Writers Association in Sydney, the head of Meat and Livestock Australia Jason Strong said his industry had made the greatest…
West Sydney investment to unlock new homes
SYDNEY, AAP – Investing in infrastructure in Western Sydney’s growth areas will help deliver tens of thousands of new homes as demand for housing soars, the state government says. Western Sydney councils have been allocated $139 million to fund 24 separate projects as part of the NSW government’s Accelerated Infrastructure Fund, the premier and planning…
ATO urged to use powers over unpaid super
CANBERRA, AAP – The tax office has been urged to use more of its powers to recover superannuation payments from employers accused of withholding the payments from employees. A new auditor-general’s report released on Thursday recommended the ATO better use its enforcement capabilities to get back the money entitled to workers. It was one of…
Twitter sees growth in users, profit
NEW YORK CITY, AP – Twitter’s quarterly profit, revenue and the number of daily users on its platform are rising, according to its quarterly report released days after agreeing to be sold to billionaire Elon Musk. The social media company on Thursday reported net income of $US513 million ($A723 million), or 61 cents a share,…
