How planning ahead can benefit you in retirement
Work out how much money you need in retirement Regularly check your super and get financial advice Top up your super We all know that the COVID-19 pandemic has caused widespread disruption to our lives and for many, that included their retirement plans. Some lost their jobs at a crucial life stage, others were unable…
CommSec morning report Wednesday
In US economic data, existing home sales fell by 3.4% in May to a 5.41 million annual rate (survey: 5.4m). The Chicago Federal Reserve national activity index fell from 0.40 to 0.01 in May (survey: 0.32). European sharemarkets rose for a third straight day on Tuesday. Miners rose 1.3% and oil & gas stocks rose…
Evening report Wednesday
Despite lifting by as much as 0.5 per cent in early trade, the ASX 200 finished 0.23 per cent or 15.3 pts lower to 6508.5. This is in part due to futures pointing to a softer start to trade in the United States tonight. The Energy and Utility sectors did most of the heavy lifting…
Evening report Tuesday
The Aussie sharemarket had its best day in around three weeks and snapped a seven day losing streak in the process, after the ASX 200 added 1.4 per cent or 90.4pts, to 6523.8. Resource stocks did most of the heavy lifting, with the Energy sector posting its largest win in almost two weeks. The big…
road freight volume drops in first five months
BEIJING, – China’s road freight volume fell 4.6 percent year on year in the first five months of the year, data from the Ministry of Transport showed. About 14.37 billion tonnes of road cargo were transported during this period, according to the ministry. In May alone, China’s road freight volume neared 3.26 billion tonnes, the…
electric vehicle industry
June 21- China continues to expand its investment to support the development of Indonesia’s electric vehicle industry. Contemporary Amperex Technology (CATL), one of the leading companies among the world’s electric vehicle battery manufacturers and supplies to various automakers, including Tesla and Volkswagen, is one of the Chinese companies investing in this Southeast Asian country. A…
China goes all out to bolster employment for college graduates in record year
BEIJING, – In a year where a record 10.76 million graduates stream out of colleges, China is living out its jobs-first commitment to helping them enter the workforce against COVID-19-induced snarls. This job-hunting season may prove challenging for college graduates due to COVID-19-hampered job interviews and lukewarm demand for fresh labor, said Wu Aihua, an…
Morning Report Tuesday June 21, 2022
Latest news • US financial markets were closed on Monday in observance of the Juneteenth National Independence Day holiday. • St. Louis Federal Reserve President James Bullard spoke at an event hosted by the AXA-Barcelona School of Economics on Monday. President Bullard said, “US inflation expectations could become unmoored without credible Fed [Federal Reserve] action.”…
Squirrel Super to pay $55,000 penalty for misleading marketing
The Federal Court has ordered Squirrel Superannuation Services Pty Ltd pay a $55,000 penalty for false and misleading marketing regarding investing in residential property via self-managed superannuation funds (SMSF). The Court found Squirrel distributed a brochure conveying misleading representations about residential property investment returns at a seminar and via email on about 9,420 occasions, between…
Digital channels empower retailers during mid-year shopping festival
SHANGHAI – Livestreamed fashion week, up to 50 percent discount vouchers and more convenient group purchase options were some of the new features of this year’s mid-year online shopping festival in Shanghai. The “618” online shopping fest that took place on June 18 was the first shopping spree after Shanghai eased COVID-19 curbs and resumed…
