New Initiatives To Grow Harness Racing Industry
The Andrews Labor Government is helping to grow the harness racing industry by boosting the number of owners and breeders. Through the Labor Government’s Victorian Racing Industry Fund $1.42 million will enable Harness Racing Victoria’s (HRV) VicBred Platinum Scheme to encourage breeding, racing and ownership of Victorian horses, with HRV matching the investment. There are currently more…
China’s NEV sales soar in August
Sales of new energy vehicles (NEVs) in China surged in August amid supply improvement and favorable policy, data from an industry association showed Thursday. Last month, the retail sales of NEVs in China expanded 111.2 percent year on year to 529,000 units, according to the China Passenger Car Association. In the first eight months of…
Virgin Australia to enter into codeshare pricing arrangements
The ACCC has granted authorisation for Virgin Australia to enter into codeshare pricing arrangements with its international airline partners for 5 years. Virgin Australia’s international airline partners include United Airlines, Qatar Airways and other airlines that operate long-haul international routes. Under the arrangements, Virgin Australia’s international airline partners will set the fares for long-haul international…
Sino-French wine institute launched
A Sino-French wine institute was inaugurated on Thursday at the third Sino-French Wine Culture and Tourism Forum held in northwest China’s Ningxia Hui Autonomous Region. Initiated by the Ningxia regional government, the Sino-French Culture and Art Research Center, and some other institutions, the Sino-French Wine Institute is aimed at deepening cooperation between French wine regions…
Managed funds amend their marketing following ASIC surveillance
A recent ASIC surveillance found that some fund managers must do more to ensure the investment performance representations in their fund’s marketing materials are appropriate. Thirteen responsible entities or trustees of investment funds have voluntarily amended, or arranged for the investment manager to amend, their marketing materials and/or practices across 18 funds as a result…
CommSec morning report Friday
The European Central Bank (ECB) lifted its benchmark deposit facility rate by an unprecedented 75 basis points to 0.75% and promised further hikes to tackle soaring inflation. US Federal Reserve Chair Jerome Powell said the US central bank is “strongly committed” to fighting inflation and will not flinch in its efforts to curb price pressures…
Evening report Thursday
The Aussie market lifted for the first time in three days and managed to finish at session highs, with the ASX 200 rising by 1.77 per cent or 119.4 points, to 6848.7. 10 sectors out of 11, and 92 per cent of stocks in the ASX 200 finished higher. Mining stocks rallied by 2.66 per…
New $6 million fund to accelerate synthetic biology and biomanufacturing
The NSW Government is investing $6 million in a new synthetic biology and biomanufacturing development program, designed to improve access to manufacturing and production facilities and equipment across the State. Synthetic biology and biomanufacturing involves the design and manufacture of new and existing living systems to make products with applications in areas including biofuels, food…
Securing the Ranger mine clean up
Joint media release with Minister for Indigenous Australians Linda Burney The Australian Government is securing the ongoing rehabilitation of the Ranger uranium mine adjoining Kakadu National Park and the eventual return of the site to the Mirarr Traditional Owners. Minister for Resources and Northern Australia Madeleine King has introduced a Bill to Parliament to amend…
Record grain harvest exposed issues with grain ports
ACCC consultation with the bulk grain export industry has shown that grower representative groups and some exporters generally support regulation of bulk grain export supply chains, but port terminal operators largely do not. Grain exporters are, however, concerned about a lack of transparency in the way that port operators allocate capacity to them. The ACCC’s Bulk…
