Evening markets report 12 January 2023
The Australian share market has risen for the sixth time in seven days. The S&P/ASX 200 index rose by 85 points or 1.2 per cent. Over January, the ASX 200 has so far lifted 3.4 per cent, offsetting the losses recorded in December. The Aussie share market again followed the positive lead from overseas markets….
Revealing the hidden resource potential of Tasmania
Joint media release with Tasmanian Minister for Resources the Hon Felix Ellis MP New data will put the spotlight on the hidden geology beneath the feet of Tasmanians, as part of the Australian Government’s Exploring for the Future program. Last year, a helicopter carrying radiometric and magnetic surveying equipment flew across nearly 10,000 square kilometres…
Beijing eyes new momentum in opening-up
Beijing is eyeing new momentum in reform and opening-up at a higher level, science and technological innovation, and high-quality development in 2023, said Yin Yong, acting mayor of Beijing, in an interview with Xinhua. “The city will grasp the opportunity presented by the construction of the Integrated National Demonstration Zone for Opening up the Services…
CommSec morning report 12 January 2023
In US economic data, MBA mortgage applications rose 1.2% in the past week. European sharemarkets closed higher on Wednesday as investors positioned for another potential slowdown in US consumer prices. Real estate stocks saw the largest uptick, up 3.1%, with property developer Aroundtown’s shares jumping 8.6%. The continent-wide FTSEurofirst 300 index gained 0.4%. And the…
Evening markets report 11 January 2023
The Australian share market returned to the winner’s circle on Wednesday. The S&P/ASX 200 index rose by 64 points or 0.9 per cent after falling 20.3 points or 0.3 per cent on Tuesday. The Aussie share market benefited from a positive lead-in from the US share market with key indexes gaining 0.6-1.0 per cent. Federal…
$100 million jobs boost for Regional NSW
Driving productivity and growth for local businesses, attracting new investment to the regions and boosting job security will be the focus of the next round of the NSW Government Regional Job Creation Fund. Deputy Premier and Minister for Regional NSW Paul Toole said the $100 million Regional Job Creation Fund Round 3 will provide grants…
AAT upholds Olive Financial Markets’ AFS licence cancellation
The Administrative Appeals Tribunal (AAT) has upheld ASIC’s decision to cancel the Australian financial services (AFS) licence of Olive Financial Markets Pty Ltd (Olive). Between 2013 and 2018, Olive operated two Gold Coast-based financial services businesses. In March 2020, ASIC cancelled Olive’s AFS following concerns it had breached a number of its legal obligations. Following…
SAIC Motor reports robust sales
Major Chinese automaker SAIC Motor sold over 5.3 million vehicles in 2022, ranking first in China for the 17th consecutive year, according to company statistics. In 2022, the company’s self-owned brands sold nearly 2.79 million vehicles, accounting for 52.5 percent of its total sales, and passenger cars of its self-own brands achieved record sales of…
ChiNext IPOs raise nearly 180 bln yuan in 2022
The initial public offerings (IPOs) of 150 newly listed companies on ChiNext, China’s Nasdaq-style board of growth enterprises, raised 179.64 billion yuan (about 26.57 billion U.S. dollars) in 2022, data from the Shenzhen Stock Exchange showed. By Jan. 9, the number of listed companies on the ChiNext board reached 1,232, with the total market capitalization…
Victoria lands more international airline flights
Victorians will soon benefit from more international flights from Vietnam, bringing more visitors, growing our exports to the Asia Pacific and creating hundreds of new jobs in our aviation and tourism sectors, thanks to support from the Andrews Labor Government. Minister for Trade and Investment Tim Pallas in Vietnam today announced VietJet’s decision to select…
