Evening markets report 18 January 2023
The Australian share market rose modestly on Wednesday. The S&P/ASX 200 index rose by just 7 points or 0.1% after trading in a 35-point range over the session. In overseas markets on Friday, key indexes in the US were mixed with the Dow Jones down 1.1% but the Nasdaq rose 0.1%. The European FTSEurofirst index…
Grants to boost critical minerals development
The Australian Government has released guidelines for new grants to help develop Australia’s critical minerals sector, support downstream processing, create jobs across regional Australia and support global efforts to achieve net-zero. The Critical Minerals Development Program will provide up to $50 million in grants from $1 million to $30 million to support projects that will…
Midway Limited pays $33,000 penalty
Australian wood-fibre processor and exporter Midway Limited has paid a $33,000 infringement notice over ASIC concerns that it failed to comply with its continuous disclosure obligations. ASIC issued the infringement notice following an investigation into announcements made by Midway on the Australian Securities Exchange (ASX). ASIC alleges that on 11 February 2022, Midway became aware…
Interim guidelines for gas industry
The ACCC has today published interim compliance and enforcement guidelines for the gas industry on the new Gas Market Emergency Price Order and explaining how the ACCC intends to exercise its enforcement role. In December 2022, the Australian Government’s Gas Market Emergency Price Order introduced a temporary price cap of $12 per gigajoule (GJ) that principally applies…
Major Infrastructure, Equipment Boost For Hospitals
The Andrews Labor Government is giving Victorian hospitals more of the latest medical equipment and essential infrastructure they need to continue providing world-class healthcare for all Victorians. Acting Premier Jacinta Allan and Acting Minister for Health Lizzie Blandthorn today announced 23 health services across Victoria will share in $55 million for new equipment and upgrades,…
China’s fixed-asset investment maintains stable growth
China’s fixed-asset investment saw a steady expansion in 2022, offering solid support to shore up the overall economy, data from the National Bureau of Statistics (NBS) showed on Tuesday. Last year, fixed-asset investment rose 5.1 percent year on year to over 57.21 trillion yuan (about 8.51 trillion U.S. dollars), according to the NBS. The growth…
CommSec morning report 18 January 2023
In US economic data, the New York State Empire manufacturing index fell from -11.2 to -32.9 in January (survey: -8.7), the lowest level since May 2020. European share markets closed mostly higher on Tuesday, ending at 9-month highs, after a report said the European Central Bank’s (ECB) policymakers were considering a slower pace of interest…
Evening markets report 17 January 2023
The Australian share market has fallen for just the second time in 10 days. The S&P/ASX 200 index fell by just 2 points or 0.03%. The ASX 200 is up still up 4.9 per cent in January. In overseas markets on Friday, US financial markets were closed for a holiday but European markets rose 0.4%….
Historical mine finds old gold in Central Queensland
The Australian Government’s Northern Australia Infrastructure Facility (NAIF) will provide $66 million to reinvigorate an abandoned historical Central Queensland gold mine. Heritage Minerals are planning to breathe new life into the Mount Morgan site by reprocessing old tailings and rehabilitating the site. Operations at Mount Morgan closed in 1990 and the abandoned mine has since…
Singaporean Tech Innovator Signs On For AI Hub In Victoria
The Andrews Labor Government is bringing new businesses and technologies to Victoria from overseas, attracting investments from companies that will create valuable local jobs now and in the future. In Singapore last night, Minister for Trade and Investment Tim Pallas announced that deep-tech company Seventh Sense will establish an artificial intelligence (AI) research and development…
