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…
China’s new energy sector moves into high gear amid pursuit for carbon goals
As construction of large-scale wind and photovoltaic power bases accelerates, China’s new energy sector is expected to have greater growth potential this year amid efforts to achieve “dual carbon” goals. In Urumqi, capital of northwest China’s Xinjiang Uygur Autonomous Region, the construction of a wind power and photovoltaic base by China Huadian Corporation with a…
CommSec Morrning Report Tuesday, 9Augest 2022
Latest news In US economic data, consumer inflation expectations fell from 6.8% to 6.2% in July (survey: 6.7%). European sharemarkets rose on Monday. The pan-European STOXX 600 index rose by 0.7%. Leading the gains were financial services (+1.7%) and autos (+2.1%) but healthcare was flat. Danish brewer Carlsberg rose 1.5% after lifting its profit growth…
Morning Report Wednesday August 10, 2022
Latest news In US economic data, the NFIB business optimism index rose from 89.5 to 89.9 in July (survey: 88). The IBD/TIPP economic optimism index fell from 38.5 to 38.1 in August (survey: 38.6). The Redbook measure of chain store sales rose by 10.4% over the year, down from 15.5% in the prior week. Unit…
China’s non-ferrous metal sector logs output growth in H1
China’s non-ferrous metal industry saw steady output expansion in the first half of the year, official data showed. The output of 10 types of non-ferrous metals reached 32.83 million tonnes in the reporting period, up 1 percent year on year, according to the Ministry of Industry and Information Technology. The 10 leading non-ferrous metals are…
