Evening report Tuesday
A rebound in key commodities overnight helped the Aussie market secure its fourth straight win, with the ASX 200 finishing 57.6pts or 0.86 per cent higher, to 6763.6. Materials and Energy stocks added 3.6 per cent and 3.0 per cent, respectively, and did most of the heavy lifting after five sectors finished lower. Of the…
Unearthing growth potential in sustainable investing
Asia is becoming a vital market for those looking to drive sustainable change. With appropriate research and an understanding of local issues, find out how ethically focused managers are working with the region’s companies to enhance their environmental, social and governance (ESG) profiles and increase the potential for long-term returns. Sustainable investing (SI) in Asia…
industrial profits improve on rebounding factory activities
BEIJING, – Profits of China’s major industrial companies saw a narrower decline in May as factories in the world’s second-largest economy restarted production lines as business sentiments improved, official data showed Monday. Major industrial firms, each with business revenue of at least 20 million yuan (about 2.99 million U.S. dollars), saw their profits decline 6.5…
Adelaide financial adviser charged
On 24 June 2022, financial adviser Tai Thanh Nguyen, of Adelaide, South Australia, was charged with seven counts of alleged falsification of company books following an ASIC investigation. Mr Nguyen operated a financial services business, Financial Wealth Advisers Pty Ltd from around July 2005. From 6 December 2011 to 4 August 2015, Mr Nguyen was…
Steady improvements in logistics flow
BEIJING, June 27 (Xinhua) – China’s logistics and circulation industry saw steady advancements with key indicators showing recovery signs amid continued efforts to stabilize the industrial and supply chains. The country has made improvements in unclogging and smoothening logistics due to combined efforts of different localities and government organs, Zhao Chongjiu, vice minister of transport,…
CommSec Morning Report Tuesday, 28 June 2022
Latest news In US economic data, durable goods orders rose by 0.7% in May (survey: +0.1%). Pending home sales rose by 0.7% in May (survey: -3.7%). The Dallas Federal Reserve manufacturing index fell from -7.3 to -17.7 in June (survey: +1). European sharemarkets posted gains on Monday. Mining stocks led gains, up 1.8% after China…
ASIC obtains orders to freeze funds and assets
ASIC has obtained urgent interim orders from the Federal Court to freeze the assets of Ashley Vincent Arandez and four companies of which he is a director. ASIC sought these orders on an urgent, ex parte, basis because it is concerned that Mr Arandez, and/or these four companies, have allegedly: carried on a financial services…
The global energy shock and the Aussie sharemarket
Energy and fuel prices have soared in 2022, with S&P/ASX 200 energy shares jumping 22.3 per cent year-to-date. Aussie-listed oil and gas companies have performed well, offering investors a natural hedge against rising inflation. In Australia, increasing input costs due to the Ukraine war, supply shortages and strong winter consumer demand have been pushing wholesale…
Mobile gaming industry revenue declines
BEIJING – Chinese mobile game developers saw their sales revenue drop 10.85 percent year on year in May to 16.6 billion yuan (about 2.48 billion U.S. dollars), according to a recent industry report. The revenue was also 2.15 percent lower than in April, according to the report released by CNG, a research institute on the…
China’s dairy output up 2.9% in May
BEIJING – The output of China’s major dairy companies rose 2.9 percent year on year in May, bucking the trend of decline in April, according to the Ministry of Industry and Information Technology. These enterprises, each with annual operating revenue of at least 20 million yuan (2.99 million U.S. dollars), produced about 2.76 million tonnes…
