Search Results for: Australia
Bank of International Settlement published first phase of a global code of conduct for currency markets
May 27th, 2016
The first phase of the Global Code of Conduct for the Foreign Exchange Market and principles for adherence to the new standards were released today in New York by the Foreign Exchange Working Group (FXWG). “In a globalised world, the foreign exchange market ...
Oil prices retreat from $50 on oversupply concerns, stronger dollar
May 27th, 2016
Oil futures slipped in Asian trade on Friday after hitting resistance at the $50 a barrel mark as investors worried higher prices could reactivate shuttered crude output, adding to global oversupply. Prices were also pressured by a strong greenback ...
Asian Stocks Extend Global Rally as Oil Regains $50; Yen Climbs
May 26th, 2016
Crude Rises on falling U.S. oil stocks, supply disruptions Norwegian krone, Malaysian ringgit strengthen; gold rebounds Energy producers led stocks higher in Asia and the currencies of oil-exporting nations strengthened as Brent crude traded above $50 a barrel for ...
HSI, Nikkei lead gains as most Asian markets advance
May 25th, 2016
Asia markets mostly closed higher on Wednesday, with Hong Kong leading gains and several major indexes advancing more than 1 percent each. Japan’s Nikkei 225 closed up 258.59 points, or 1.57 percent, at 16,757.35, with shares receiving an additional boost from ...
DMM FX ceases FX operation
May 23rd, 2016
DMM FX Australia Pty Ltd (DMM FX) has issued an announcement to advise that the firm has made a business decision to cease its current operations in Australia. According to DMM FX’s announcement, clients are requested to close all ...
ASIC suspends the license of an investment services firm
May 23rd, 2016
ASIC has suspended the Australian financial services licence held by Marigold Falconer International Limited (Marigold Falconer) until 31 May 2016. ASIC found that Marigold Falconer does not have current professional indemnity insurance to cover claims for breaches of financial ...
ASIC: Credit Suisse Equities paid a $74,000 penalty
May 20th, 2016
Credit Suisse Equities (Australia) Limited (“Credit Suisse”) has paid a penalty of $74,000 to comply with an infringement notice given to it by the Markets Disciplinary Panel (“MDP”). The MDP had reasonable grounds to believe that Credit Suisse contravened ...
High Court rejects Big Tobacco’s appeal against plain packaging
May 20th, 2016
Four of the world’s largest tobacco companies have lost a high-profile legal challenge against the UK government’s new rules on plain packaging for cigarettes. British American Tobacco, Imperial Tobacco, Philip Morris International and Japan Tobacco International launched a High ...
Asian stocks get a lift from higher oil prices
May 20th, 2016
A bounce in oil prices supported major Asian benchmark indexes on Friday, though the prospect of higher U.S. interest rates again weighed on some markets in the region. China-related stocks were up 1.5% in Hong Kong and the Hang ...
Android Pay launches in the UK
May 19th, 2016
Google’s Android Pay has launched in the UK, enabling millions of Brits to make contactless instore and in-app payments with their handsets. Bank of Scotland, First Direct, Halifax, HSBC, Lloyds Bank, M&S Bank, MBNA and Nationwide Building Society are ...
