Installed capacity of renewable energy exceeds 1 bln kilowatts
BEIJING – China’s installed capacity of renewable energy had reached 1.1 billion kilowatts by the end of May, up 15.1 percent year on year, data from the National Energy Administration showed. From January to May, China’s newly installed capacity of renewable energy was 43.49 million kilowatts, accounting for 82.1 percent of the total newly installed…
China’s manufacturing hub balances GDP and carbon goals
GUANGZHOU – Erected on sea water, arrays of photovoltaic panels glow in the sun while fishers paddle in the interspace. This is not a plot in science fiction movies, but an actual scene in Haiyan Township, Jiangmen City, south China’s Guangdong Province. As a manufacturing heartland and leading foreign trade province, Guangdong accounted for 10.9…
ASIC calls on industry to improve resilience during market outages
ASIC is calling on market operators and participants to continue to implement its expectations to improve the resilience of the Australian equity market during outages, including by facilitating trading on alternative markets. ASIC released Report 708 ASIC’s expectations for industry in responding to a market outage (REP 708) in response to the ASX equity market…
CommSec morning report Wednesday
In US economic data, the Conference Board consumer confidence index fell from 103.2 to 98.7 in June (survey: 100). S&P/Case-Shiller home prices rose by 2.3% in April (survey: +2.8%). The FHFA house price index lifted 1.6% in April (survey: +1.4%). The Richmond Fed factory index fell from -9 to -19 in June (survey: -7). The…
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…
