Entrepreneur loan program to kickstart startups
Joint media release with Minister for Education the Hon Jason Clare MP The Albanese Government is engaging key stakeholders to deliver on an election promise for a new program to help the next generation of young Australian entrepreneurs bring their ideas to life. The Startup Year program will provide up to 2000 HECS-style loans each…
THL’s proposed acquisition of Apollo not opposed
The ACCC will not oppose the proposed acquisition of Apollo (ASX:ATL) by THL, after accepting a court-enforceable undertaking that requires Apollo to divest a large proportion of its newest motorhome fleet. THL and Apollo are involved in the rental, sale and manufacture of recreational vehicles (RVs), such as motorhomes and campervans. “THL and Apollo are…
ASIC sues Nuix and its board
ASIC has commenced proceedings in the Federal Court against Nuix Limited (ASX:NXL) for alleged continuous disclosure breaches and misleading or deceptive conduct. ASIC has also brought proceedings against members of the Nuix board for breaches of their directors’ duties. ASIC alleges that Nuix made misleading or deceptive statements when reaffirming its Prospectus financial year 2021…
China to pilot inclusive finance reform in three cities
China will carry out pilot inclusive finance reform in three cities, the country’s central bank said Wednesday. Trials will be conducted in Tongchuan, northwest China’s Shaanxi Province, Lishui in east China’s Zhejiang Province, and Chengdu, capital of southwest China’s Sichuan Province, according to the plans released by the People’s Bank of China and seven relevant…
CommSec Morning Report Thursday
Latest news In US economic data, MBA mortgage applications fell by 3.7% in the past week. The goods trade deficit fell from US$90.2bn in July to US$87.3bn in August (survey: -US$89bn). Wholesale inventories lifted 1.3% in August (survey: +0.4%). Pending home sales dipped 2.0% in August (survey: -1.5%). European sharemarkets rose on Wednesday. The continent-wide…
Evening markets report Wednesday
The Aussie sharemarket erased its early gains following a series of economic updates and finished with a decline of 34.2 points or 0.5 per cent to 6462. Eight sectors and around 65 per cent of stocks in the ASX 200 lost ground. The Energy sector, despite climbing by as much as 3.4 per cent in…
Record retail spending. Budget deficit improves
According to the Australian Bureau of Statistics (ABS), in seasonally adjusted terms, retail trade rose by 0.6 per cent in August to record highs of $34.9bn. Spending was up 19.2 per cent on the year. Turnover at department stores ($1.9 billion) and at cafes, restaurants and takeaway food services ($5.1 billion) both hit record highs. The…
Construction begins on new gas transmission pipeline
Construction work on the fourth pipeline of a mega power transmission project that transports natural gas from China’s western regions to the country’s east kicked off Wednesday. With a total length of 3,340 km, the pipeline runs from Wuqia County in northwest China’s Xinjiang Uygur Autonomous Region to Zhongwei City in Ningxia Hui Autonomous Region….
Multi-million dollar support for critical minerals projects
The NSW Government is offering grants of up to $10 million for key infrastructure needed to progress new mining and processing projects to accelerate the critical minerals sector. Stream Two of the NSW Critical Minerals and High-Tech Metals Activation Fund provides between $2 million and $10 million for key enabling infrastructure, such as heavy haulage…
Modernising agricultural training
The Andrews Labor Government is supporting Victoria’s next generation of agricultural professionals, setting them up for success with innovative skills training. Minister for Agriculture Gayle Tierney today visited South West TAFE to launch the Labor Government’s $15 million Agriculture TAFE and Training Fund. The investment will support TAFE and other training providers to work directly…
