Changes in Chinese capital development will influence green finance
Although the uptake has been slow from an international perspective, it appears that China’s effort to change the way that it deals with capital concerning green bonds and loans is set to cause a global ripple effect on green finance in general. A relatively radical economic agenda floated toward the end of this year by…
Visa processing put out for private tender
Australia’s visa processing services have been put out to tender to the private sector, including an option to extend the privatisation process to citizenship applications. The Home Affairs Department released the tender document on Friday, calling for a platform to manage visa applications, decision-making workflows and attract potential visitors and migrants. ‘The Australian government will…
India calls for more Australian business investment
Indian President Ram Nath Kovind has said that Australia does not have enough of a presence in India. He is calling for investment so that Australian businesses can become more prominent and contribute more to the second-most-populous country. Offering ‘considerable returns’ for Australia putting capital into the Indian market, Kovind said that more needs done…
US Fed looks to Australia for consistent economic growth
Australia is a shining example of how to build an economy that can withstand volatility in the markets and avoid recessions, and the US Federal Reserve is looking to emulate its example. The US is contending with the idea that it may be able to fend off a recession and believes that the key to…
ANZ profit slips in tough Australian banking climate
Australia’s ANZ announced a slide in full-year profits Wednesday, weighed down by restructuring costs, payouts linked to misconduct charges and ‘strong headwinds’ in the retail banking sector.The Australia and New Zealand Banking Group said its cash profit on an ongoing basis was off 5 percent to Aus$6.49 billion (US$4.6 billion) in the full year to…
China VP pays highest-level visit to Israel since 2000
Chinese Vice President Wang Qishan on Monday became the most senior Beijing official to visit Israel in 18 years, as the two countries look to bolster their growing business ties.Wang headed to the Western Wall in Jerusalem, one of the most sacred sites in Judaism, after touching down at the start of his four-day trip,…
Samsung Electronics flags record Q3 operating profit
Samsung Electronics flagged Friday a third-quarter operating profit of 17.5 trillion won ($15.4 billion), a record for any-three month period, led by solid demand for its memory chips used in mobile devices.Sales for July to September are expected to reach 65 trillion won, the world’s largest maker of smartphones and memory chips said in a…
Porsche swears off diesel motors
Diesel-powered vehicles are out of the Porsche family for good, chief executive Oliver Blume has told the German daily Bild am Sonntag. Although the company does not currently produce diesel vehicles, Blume said he wants to be clear that they are also not on the horizon. Even without its own diesel vehicles, Porsche’s reputation has…
CommSec Daily Report Tuesday
Latest news Aussie stocks are softer for a fourth day, with the ASX 200 index down 0.3 per cent due largely to falls from the major banks. The big four are slumping by as much as 1.4 per cent ahead of this afternoon’s RBA Board meeting. Suncorp (SUN) confirmed the sale of its Life Insurance business…
CommSec Daily Report Friday
Latest newsAussie shares are bouncing back from a softer start to the day, with the ASX 200 index up 0.1 per cent at lunch. This puts the market on track to have its best week since early July and has also hit fresh 10.5 year highs. The ASX 200 remains above 6300pts for the third…
