Search Results for: Australia
Australian dollar hits fresh six-year low as Chinese factories continue to falter
July 24th, 2015
Chinese manufacturing was sluggish for the fifth month running, a new survey shows, while the strengthening greenback sends the Aussie below US73c The Australian dollar fell to a fresh six-year low and stocks across Asia dropped sharply after more ...
Australia Regulator Blocks Interactive Brokers’ Currency Trading
June 25th, 2015
Australia’s securities regulator told Interactive Brokers Group Inc. to stop offering over-the-counter currency trading, saying the company doesn’t have the right license to operate in the nation. The Australian Securities & Investments Commission is also assessing whether the U.S. ...
Australia’s central bank open to further easing, with caveats
June 10th, 2015
Australia’s central bank said on Wednesday it was “open to the possibility” of more interest rate cuts if needed, while cautioning that ever easier policy had risks given households were already burdened with a large amount of debt. In ...
Cryptography Researchers & Users Could Face Jail Time In Australia
May 28th, 2015
In recent weeks, not only has UK Prime Minister David Cameron suggested the banning of encryption use, Australia is on its way to making it a criminal offense to even lecture on the topic. Starting next May, academics could face ...
Iran’s markets opening up for Australia
May 14th, 2015
Bishop’s Tehran visit a sign of things to come Julie Bishop’s recent visit to Iran – the first by an Australian foreign minister in over a decade – marks an important step in the development of relations between the ...
ASIC: ICAP Futures (Australia) Pty Ltd pays $50,000 infringement notice penalty
May 14th, 2015
ICAP Futures (Australia) Pty Ltd (ICAP)has paid a total penalty of$50,000 to comply with an infringement notice given to it by the Markets Disciplinary Panel (MDP). The MDP found it had reason to believe that ICAP had contravened section 798H(1) ...
Australia: Multinationals face tax avoidance crackdown
May 11th, 2015
The Abbott government will legislate to crack down on tax avoidance by 30 multinational companies, with planned penalties for diverted profits that “will go further” than action taken by the United Kingdom. Announcing measures to be taken in tomorrow’s ...
Australia central bank cuts growth forecasts
May 8th, 2015
The Reserve Bank of Australia has lowered its growth and inflation estimates for 2015 and 2016, saying the economy will continue to grow at a subpar rate for a longer than expected period. The Australia dollar had a brief ...
Independent Reserve launches first Australian multi-currency bitcoin exchange
April 28th, 2015
Independent Reserve, the Bitcoin market, announced today that it had become the first Australian exchange to offer Bitcoin trading directly in both U.S. and Australian dollars. CEO Adrian Przelozny said the development would allow Australians to trade Bitcoin without ...
ASIC: FC Stone Australia Pty Ltd pays $130,000 infringement notice penalty
April 28th, 2015
FC Stone Australia Pty Ltd (“FC Stone”) has paid a total penalty of $130,000 to comply with an infringement notice given to it by the Markets Disciplinary Panel (“MDP”). The MDP had reasonable grounds to believe that FC Stone ...
