China’s foreign trade sees positive changes in Q2: trade council
BEIJING, – China’s foreign trade saw positive changes in the second quarter as the government’s pro-growth policies gradually pay off, according to a survey conducted by the China Council for the Promotion of International Trade (CCPIT). In the second quarter, firms in the foreign trade sector reported improvements in new orders and operation costs, CCPIT…
Audi builds new e-car plant in China
BERLIN,- German carmaker Audi’s China joint venture has laid the cornerstone of a new electric car vehicle plant in Changchun, capital of northeast China’s Jilin Province. Construction is scheduled to be completed by the end of 2024. The new plant will be the first in China to exclusively produce fully electric models by Audi. The…
CommSec Morning Report Thursday June 30, 2022
Latest news At a European Central Bank forum, US Federal Reserve Chair Jerome Powell said the central bank will not let the economy slip into a “higher inflation regime”: “our job is to literally prevent that from happening and we will prevent that from happening.” In US data, the economy, as measured by GDP, contracted…
Evening report Wednesday
The Aussie market snapped a four-day winning streak, with the ASX 200 sliding by 63.4 pts or 0.94 per cent to 6700.2, after US markets posted their largest daily losses in a week. Declines were led by the real estate sector, which faced pressure after a number of real estate trusts traded ex-distribution. A 2.0…
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…
