Evening markets report Mon 28 November
The local share market snapped four straight days of gains after the ASX 200 fell by 0.4 per cent or 30.4 points to 7,229.1. Seven (of 11) sectors lost ground. Energy was the worst performing sector, largely due to falls in Woodside Energy (WDS) and Santos Ltd (STO). This was influenced by oil prices retreating…
World Internet of Things Expo kicks off
The 2022 World Internet of Things (IoT) Exposition opened Friday in the city of Wuxi, east China’s Jiangsu Province. The three-day event includes a summit, an exhibition featuring the latest IoT applications and products, and several forums focusing on themes like the industrial internet, intelligent sensing and intelligent connected vehicles. From self-driving vehicles to industrial…
Securing the Ranger uranium mine cleanup
The Australian Government has secured the ongoing rehabilitation of the Ranger uranium mine in the Northern Territory, and the gradual return of the site to the Mirarr Traditional Owners, with Parliament passing legislation to continue government oversight of the clean-up project. Minister for Resources and Northern Australia Madeleine King said the Atomic Energy Amendment (Mine…
Water Corporation powers towards net zero future
Water Corporation takes significant step towards net zero by 2035 target State-owned water utility secures development rights to one of WA’s largest wind farms Wind generated renewable energy critical to State Government’s net zero by 2050 target Renewable energy to power Perth’s desalination plants The McGowan Government is taking the next significant step towards achieving…
Doctors of tomorrow boost health workforce
More than a thousand medical students will be given the opportunity of gaining hands-on experience working in hospitals each year in paid positions supporting doctors, under an innovative collaboration between universities and the NSW Government. Premier Dominic Perrottet said the Assistant in Medicine (AiM) initiative was initially introduced in 2020 as a temporary workforce surge…
Tesla to recall almost 13,000 Model 3 vehicles
Electric carmaker Tesla has started to recall 12,863 Model 3 vehicles in China due to potential safety risk of seat belt. The recall covers 2,736 imported vehicles produced between Jan. 12, 2019 and Nov. 22, 2019, and 10,127 vehicles produced in China between Oct. 14, 2019 and Sept. 26, 2022, according to a statement filed…
CommSec morning report Mon 28 November
China’s central bank, the People’s Bank of China, announced on Friday that it is going to cut its required reserve ratio (RRR) for most banks by 25 basis points from December 5, 2022. European sharemarkets were little changed on Friday as hopes of slowing interest rate hikes offset a real estate sector (-0.9%) sell-off and…
Mining graduates are a crucial green building block
Winning the hearts and minds of a generation of graduates – and the universities they attend – is the latest challenge facing the mining industry as it struggles to deliver the metals the world needs for the net zero transition. In the search for a successful green transition over the next two decades, the world…
Reflecting on US markets and the year ahead
I have mixed memories of my first Thanksgiving, soon after I went to study in Massachusetts in 1985. Kindly invited to a friend’s family celebration, I was driving my clapped-out Chevy station wagon (1971, beige, $200) through a snowstorm when one of the back wheels quite literally fell off. I was grateful, I suppose, that…
It’s time to add climate change to the RBA’s top 3 economic goals
Increasingly, climate change is at the centre of government decision-making. This year’s federal budget devoted pages to an examination of the fiscal impact of climate change; Treasury has established a climate change modelling unit; and it’ll be front and centre of next year’s intergenerational report. Yet it is still nowhere near the centre of the…
