Guangdong carbon market closes higher
GUANGZHOU – Carbon emissions allowances closed at 79.02 yuan (about 11.79 U.S. dollars) per tonne on Thursday, 0.57 percent up from Wednesday, at Guangzhou Emissions Exchange, the largest local carbon market in China. A total of 111,187 tonnes of allowances were transacted on Thursday, with a turnover of 8.79 million yuan. The allowances, officially known…
Huawei partners with world’s marathon star
NAIROBI – Chinese technology firm, Huawei, has partnered with Eliud Kipchoge, a two-time Olympic champion and world record holder in the marathon, in a new campaign that seeks to inspire Kenyan youth. According to Huawei, the campaign aims to instill among the youth key values that are important in achieving success such as perseverance, dedication…
ASIC sues Mercer Financial Advice for misleading customers
ASIC has commenced civil penalty proceedings in the Federal Court against Mercer Financial Advice (Australia) Pty Ltd (Mercer) for allegedly making false or misleading representations to its customers about fees charged and services that were not provided, and for failing to provide fee disclosure statements. ASIC Deputy Chair Sarah Court said. ‘These proceedings are another…
non-manufacturing PMI back to expansion territory in June
BEIJING, – The purchasing managers’ index (PMI) for China’s non-manufacturing sector came in at 54.7 in June, up from 47.8 in May, the National Bureau of Statistics (NBS) said Thursday. A reading above 50 indicates expansion, while a reading below it reflects contraction. As the epidemic prevention and control situation in China continues to improve,…
CommSec Evening Report Thursday
Latest News On the last day of the financial year, the Aussie market finished near session lows and extended its losses to a second straight day after the ASX 200 shed 132.1pts or 1.97 per cent to 6568.1. All sectors finished lower for the 16th time this year. The index was held back by the…
Market exchange rates in China — June 30
BEIJING,- The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 24 major currencies announced on Thursday by the China Foreign Exchange Trade System: Currency Unit Central parity rate in yuan U.S. dollar 100 671.14 Euro 100 700.84 Japanese yen 100 4.9136 Hong Kong dollar 100 85.519 British pound…
China’s foreign trade sees positive changes in Q2: trade council
BEIJING, – China’s foreign trade saw positive changes in the second quarter as the government’s pro-growth policies gradually pay off, according to a survey conducted by the China Council for the Promotion of International Trade (CCPIT). In the second quarter, firms in the foreign trade sector reported improvements in new orders and operation costs, CCPIT…
Audi builds new e-car plant in China
BERLIN,- German carmaker Audi’s China joint venture has laid the cornerstone of a new electric car vehicle plant in Changchun, capital of northeast China’s Jilin Province. Construction is scheduled to be completed by the end of 2024. The new plant will be the first in China to exclusively produce fully electric models by Audi. The…
CommSec Morning Report Thursday June 30, 2022
Latest news At a European Central Bank forum, US Federal Reserve Chair Jerome Powell said the central bank will not let the economy slip into a “higher inflation regime”: “our job is to literally prevent that from happening and we will prevent that from happening.” In US data, the economy, as measured by GDP, contracted…
Evening report Wednesday
The Aussie market snapped a four-day winning streak, with the ASX 200 sliding by 63.4 pts or 0.94 per cent to 6700.2, after US markets posted their largest daily losses in a week. Declines were led by the real estate sector, which faced pressure after a number of real estate trusts traded ex-distribution. A 2.0…
