Evening report Thursday
The Aussie sharemarket briefly hit fresh 2-month highs earlier in the session, with the ASX 200 finishing 78.3 points or 1.12 per cent higher to 7071. Ten of 11 sectors finished higher, with the Materials (up 1.5 per cent) and Financials (up 1 per cent) sector also posting gains. Tech shares improved by 1.3 per…
Google’s acquisition of Mandiant not opposed
The ACCC will not oppose the proposed acquisition of Mandiant, Inc. by Google LLC. Mandiant supplies cybersecurity consulting services, specialising in incident response, and other cybersecurity products. Get our view on the top ASX shares Google supplies software and internet-based products, including Google Cloud and some cybersecurity products. “Our investigation concluded that Google and Mandiant…
Chinese telecom operators spend 400 bln yuan in 5G
Chinese telecom operators have accumulatively invested 401.6 billion yuan (about 59.4 billion U.S. dollars) in 5G, according to the 2022 World 5G Convention that kicked off Wednesday in Harbin, capital of northeast China’s Heilongjiang Province. China has some 1.85 million 5G base stations and more than 450 million 5G end users, both accounting for over…
CommSec Morning Report Thursday, 11 August 2022
Latest news In US economic data, the consumer price index (CPI) was flat in July (survey: +0.2%), but was up 8.5% over the year (survey: +8.7%). The core CPI (ex-food and energy) lifted 0.3% in July (survey: +0.5%) to be up 5.9% over the year (survey: +6.1%). European sharemarkets advanced on Wednesday following the release…
Former financial adviser banned
ASIC has permanently banned former financial adviser Ezzat-Daniel Nesseim from performing any function involved in the operation of a financial services business or controlling, whether alone or with others, an entity that operates a financial services business. The ban follows Mr Nesseim’s conviction for engaging in dishonest conduct, for providing forged documents to ASIC and…
Market exchange rates in China — Aug. 10
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 100 676.12 Euro 100 690.15 Japanese yen 100 5.003 Hong Kong dollar 100 86.133 British pound 100…
Broadband download speeds improve but upload speeds remain flat
Australians who get their broadband through NBN fixed-line connections experienced slightly faster download speeds in May 2022 than they did in February 2022, the ACCC’s latest quarterly Measuring Broadband Australia (MBA) report shows. Fixed-line connections are those that have a physical line running to the property, such as fibre to the premises or fibre to the node….
Environmental services section to debut at China services trade fair
The upcoming 2022 China International Fair for Trade in Services (CIFTIS) will focus on environmental services for the first time, according to Beijing Capital Group Exhibitions & Events, one of the event’s organizers. Focusing on such areas as low-carbon energy, carbon economy, carbon neutrality and green technology, the fair will showcase the most recent achievements…
Evening Report
Latest News The Aussie market traded on a rather flat note throughout the session and finished in positive territory, with the ASX 200 up by a modest 9.2 points or 0.13 per cent, to 7029.8. Gains were broadbased, with the Consumer Discretionary, Technology, Real Estate and Telco sectors climbing by at least one per cent….
Hebei region sees growth in foreign trade
The Beijing-Tianjin-Hebei region saw its foreign trade increase by 12.5 percent year on year to 2.35 trillion yuan (around 347 billion U.S. dollars) in the first half of this year, Tianjin Customs said. The region’s foreign trade accounted for 11.9 percent of the country’s total in the period. In June alone, its imports and exports…
