ASIC secures over $102 million in remediation
ASIC has now secured over $102 million in remediation for around 83,600 customers who were, or may have been, mis-sold insurance policies over the phone by Freedom Insurance Pty Ltd (Freedom Insurance) between 2010 and 2018. ASIC is encouraging Freedom Insurance customers from between 2010 and 2018 to come forward to see if they are eligible for…
Homegrown vaccines on the way for Australia
Joint media release with Prime Minister the Hon Anthony Albanese, Premier of Victoria Daniel Andrews, Minister for Health the Hon Mark Butler MP and Victorian Minister for Innovation, Medical Research and the Digital Economy Jaala Pulford MP Onshore manufacturing of life-saving mRNA vaccines took a major step forward today, with the Australian Government, Moderna and…
ACCC to examine competition and consumer concerns with social media
The ACCC’s Digital Platforms Services Inquiry will examine the state of competition for social media services in Australia as part of the sixth interim report of the ACCC’s five-year Digital Platform Services Inquiry. The ACCC will also consider potential consumer issues, including the way that businesses are using social media advertising services such as display advertising,…
Market exchange rates in China — Aug. 17
— The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 24 major currencies announced on Wednesday by the China Foreign Exchange Trade System: Currency Unit Central parity rate in yuan U.S. dollar 100 678.63 Euro 100 690.25 Japanese yen 100 5.0526 Hong Kong dollar 100 86.563 British pound…
CommSec Morning Report Wednesday, 17August 2022
Latest news In US economic data, industrial production rose by 0.6% in July (survey +0.3%). Housing starts fell by 9.6% in July to a 1.446 million annualised rate (survey: 1.527m). Building permits declined by 1.3% in July to a 1.674 million annualised rate (survey: 1.64m). European sharemarkets closed higher for a fifth straight session on…
China’s service sector sustains recovery amid COVID-19 resurgence
China will optimize the policy environment conducive to the country’s continuous economic recovery, a senior official with the country’s top economic planner said on Tuesday. “At present, there are still some prominent contradictions and problems in China’s economic operation,” Yuan Da, director of the Department of National Economy of the National Development and Reform Commission,…
Evening Report
Latest News The Aussie sharemarket extended its gains to a second straight day after the ASX 200 rose 0.58 per cent or 41.1 points to 7105.4. Mining stocks did most of the heavy lifting and climbed by 1.7 per cent. Gains across the Tech (+0.4 per cent) and Health Care (+1 per cent) sectors also…
Market exchange rates in China — Aug. 16
The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 24 major currencies announced on Tuesday by the China Foreign Exchange Trade System: Currency Unit Central parity rate in yuan U.S. dollar 100 677.30 Euro 100 688.16 Japanese yen 100 5.0898 Hong Kong dollar 100 86.418 British pound 100…
U.S.-listed Chinese firms trade mostly higher
U.S.-listed Chinese companies traded mostly higher on Monday with eight of the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on an upbeat note. Shares of Pinduoduo and BeiGene went up 4.77 percent and 1.64 percent, respectively, leading the advancers in the top 10 stocks. Shares of…
Morning Report Tuesday,16 August 2022
Latest news In US economic data, the Empire State manufacturing index fell from +11.1 points to -31.3 points in August (+5 points). The NAHB Housing Market index fell from 55 to 49 in August (survey: 55). In China economic data, retail sales rose 2.7 per cent in the year to July (survey: +5 per cent)….
