Woolworths’ acquisition of MyDeal not opposed
The ACCC will not oppose Woolworths’ (ASX: WOW) proposed acquisition of online retailer MyDeal (ASX: MYD). Woolworths, through its Big W stores and supermarkets, and MyDeal, through its online marketplace, sell a variety of general merchandise products to consumers including furniture, health and beauty products, homewares and electronics. In addition to retailing their own products,…
China reports record car exports in July
China’s exports of automobiles reached a new monthly record in July, industrial data showed Thursday. The country’s auto firms exported about 290,000 units of cars last month, up 67 percent year on year and 16.5 percent over June, according to the China Association of Automobile Manufacturers. July’s exports of new energy vehicles totaled 54,000 units,…
Market exchange rates in China — Aug. 12
The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 24 major currencies announced on Friday by the China Foreign Exchange Trade System: Currency Unit Central parity rate in yuan U.S. dollar 100 674.13 Euro 100 695.50 Japanese yen 100 5.0663 Hong Kong dollar 100 85.992 British pound 100…
CommSec Morning Report Friday
Latest news In US economic data, the producer price index (PPI) fell by 0.5% in July but was up by 9.8% on the year (survey: +10.4%). The core PPI (ex-food and energy) rose by 0.2% in July to be 7.6% higher on a year ago (survey: +7.7%). Initial jobless claims rose by 14,000 to 262,000…
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…
