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Container throughput in ports rises in first eight months
BEIJING, Oct. 4 (Xinhua) — Container throughput in Chinese ports continued stable growth in the first eight months of the year, data from the Ministry of Transport showed. In the January-August period, 194.4 million twenty-foot equivalent units of containers were handled at ports in China, up 4.1 percent year on year, according to the ministry….
Evening markets report Friday
Following a slump in Wall Street overnight, the local sharemarket ended the final day of the week, month and quarter with a decline, after the ASX 200 tumbled by 80.8 points or 1.2 per cent, to 6474. The Energy and Mining sectors however climbed, by 0.1 per cent and 0.7 per cent, respectively. Gold miners…
Investing in new ways to recycle solar panels
The Andrews Labor Government is calling on innovators to develop new ways of recycling solar panels, boosting Victoria’s nation-leading transition to renewable energy, cutting waste and creating jobs. Minister for Solar Homes Lily D’Ambrosio today launched Breakthrough Victoria’s $10 million Solar Waste Challenge, setting out to invest in innovative solutions to reduce solar panel waste….
App helps drivers save on petrol as excise discount ends
NSW drivers are being urged to use the FuelCheck app to find a cheaper servo and save up to $10 a tank as the fuel excise discount ends on Wednesday. Treasurer Matt Kean said the app can save drivers up to $800 a year and is just one of the measures contributing to the almost…
Australian Government secures gas supply
The Australian Government has signed a new Heads of Agreement with East Coast LNG Exporters to prevent a gas supply shortfall and secure competitively priced gas for the domestic market. The negotiations ensure additional gas supply, improving security and affordability of domestic gas supplies in future years, while also introducing transparency measures to improve the…
China rolls out measures to tackle housing challenge
Some halted housing projects in China have resumed construction as local governments and financial firms are helping out real estate developers with liquidity-activating solutions. The solutions come in different forms ranging from relief funds, policy banks’ special loans, takeover by creditors, bond auctions, and credit assignment to trusteeship of partners. In Zhengzhou, capital of central…
ACCC seeks further views on Telstra, TPG mobile network deal
The ACCC has released a statement of preliminary views on the authorisation sought by Telstra and TPG for their proposed regional mobile network arrangements. The ACCC is calling for further submissions and looks forward to hearing from stakeholders about its preliminary views. Telstra and TPG are asking the ACCC to provide authorisation for the deemed acquisition of…
Conflicted remuneration proceedings against banks dismissed
The Federal Court has dismissed proceedings brought by ASIC alleging breaches of conflicted remuneration laws, finding Colonial First State Investments Limited (Colonial) did not breach the law when it agreed to pay the Commonwealth Bank of Australia (CBA) to distribute Essential Super. The arrangements between Colonial and CBA regarding the distribution of Essential Super was…
CommSec morning report Friday
In US economic data, the economy, as measured by GDP, contracted at a 0.6% annualised rate in the June quarter (third estimate, survey: -0.6%). Initial jobless claims fell by 16,000 to a 5- month low of 193,000 last week (survey: 215,000). European sharemarkets tumbled on Thursday as a host of companies, including Swedish fashion retailer…
