Evening report Wednesday
A rebound in tech stocks has helped the Aussie market finish at session highs, with the ASX 200 up 15.3pts or 0.23% to 6621.6. Seven sectors and 132 stocks finished higher. Gains in the Tech and Consumer Discretionary (up 1.2 per cent) sectors were offset by losses in the resource sectors. Energy stocks fell most…
ACCC – Bank of Queensland pays penalty
Bank of Queensland Ltd has paid a penalty of $133,200 after the ACCC issued it with an infringement notice for allegedly breaching the Consumer Data Right (CDR) Rules by failing to provide a service enabling consumers’ data to be shared. The CDR is an economy-wide data sharing program that enables Australians to leverage the data…
Disaster payments available for NSW flood residents
Federal Government disaster payments are available now to eligible residents in eight additional local government areas (LGAs) affected by the severe storms and flooding that continue to impact large areas of New South Wales. The Australian Government Disaster Recovery Payment (AGDRP) and Disaster Recovery Allowance (DRA) is now available in the local government areas of…
Labor’s renewable target is much more ambitious than it seems
Earlier today, Prime Minister Anthony Albanese gave his first major climate change speech, touting Australia’s future as a renewable superpower and promising Labor’s ambitious new renewable target would “unlock $52 billion of private sector investment.” This follows Labor’s pre-election commitment to cut Australia’s greenhouse gas emissions by 43% below 2005 levels by the end of…
Construction industry director drops appeal on 4 year banning
ASIC has disqualified construction industry director Serge Golman of Vaucluse, NSW, from managing corporations for four years due to his involvement in the failure of four companies. ASIC originally made its decision to disqualify Mr Golman on 14 December 2020. Mr Golman sought a review of ASIC’s decision in the Administrative Appeals Tribunal but his…
Consumer spending on recovery curve amid policy support
With the arrival of summer, China’s consumer spending has gradually warmed up, regaining vitality on the back of policy stimulus, a trend expected to continue as economic growth rebounds. Industrial data unveiled Monday shows that auto sales in the country expanded 23.8 percent year on year in June, rebounding from a three-month declining streak. For…
China’s auto market recovers with stimulus policies
After comparing different brands for more than a year, Yan Likang finally put down a deposit on an Audi car at an auto show in Nanning, capital of south China’s Guangxi Zhuang Autonomous Region, in June. The 36-year-old decided to make the purchase shortly after China slashed the car-purchase tax. “For my car model, the…
China sees constant progress in civil helicopter industry
BEIJING, – China has seen constant progress in the civil helicopter manufacturing sector, which will greatly sustain the country’s demands in emergency rescue and other fields. The Aviation Industry Corporation of China (AVIC) has recently achieved multiple advances in major civil helicopter models, such as the AC352 medium civil helicopter and AC313A large civil helicopter,…
CommSec Morning Report Wednesday
Latest news In US economic data, the NFIB small business optimism index fell from 93.1 to a 9-year low of 89.5 in June (survey: 92.5). European sharemarkets climbed on Tuesday. The pan-European STOXX 600 index rose by 0.5%, with financial services shares up 2.0%. The German Dax index gained 0.6%, despite Germany’s ZEW economic sentiment…
Evening report Tuesday
The Australian sharemarket faded from this morning’s stronger start, with the ASX 200 lifting just 4.1pts or 0.06 per cent to 6,606.3. A strong rebound in Financial stocks, together with gains from Woolworths (WOW), Coles (COL) and CSL Limited (CSL) helped the Aussie market stay positive, five sectors (of 11) and 66 stocks (of 200)…
