Search Results for: Australia
Apple Seeks to Launch Apple Pay in China by February
November 24th, 2015
Tech giant has paved way by striking deals with big four state-run banks, but regulatory hurdles may remain Apple Inc. seeks by early February to launch its new Apple Pay electronic-payment service in China—a vibrant but fiercely competitive market ...
Asian stocks under pressure from weak commodities prices
November 24th, 2015
A slide in commodities prices pressured Asian resources shares Tuesday, as investors in the region also try to navigate global central banks’ split approaches to monetary policy. Expectations the Federal Reserve will raise interest rates at its December meeting ...
Why rich Chinese are buying vineyards, islands in cash
November 23rd, 2015
A hundred years ago, Amadeo Modigliani painted a portrait of his wild British mistress splayed across a red velvet throw, nude, her hips arched, her kohl-rimmed eyes shut. The artist was hardly trying to play it safe – Paris ...
ASIC cancels license of financial services company
November 23rd, 2015
ASIC cancels Chronos Capital Pty Limited’s AFS licence and permanently bans Robert Lachlan Semple ASIC has cancelled the Australian financial services licence (AFSL) of Ultimo-based financial services company, Chronos Capital Pty Limited (Chronos), and permanently banned its director and ...
ASX, Kospi maintain winning run; Fed-watch continues
November 23rd, 2015
Asian markets continued to trade mixed on Monday afternoon, following a rally on Wall Street last week as investors continue to look out for comments from central bankers on the trajectory of U.S. monetary policy. Major U.S. indices ended ...
Dentons, Gadens and Rodyk to create the Pacific Rim’s leading global law firm
November 20th, 2015
Global law firm Dentons, Singapore’s Rodyk and Australian firm Gadens have agreed to come together to create the dominant global law firm in the Pacific Rim. Expected to launch in 2016, the combination brings Gadens and Rodyk the ability ...
Commonwealth Bank Seeks Leading Blockchain Role with Sydney Conference
November 20th, 2015
The Commonwealth Bank of Australia will host a two-day blockchain conference in Sydney next month in an attempt to explore the technology’s potential. According to a Computerworld report, the bank – which recently partnered with distributed ledger startup R3CEV and has experimented ...
UK banks hardest hit by non-bank money transfer firms
November 20th, 2015
The top 20 non-bank money transfer providers based in the UK now account for over £40 billion of foreign exchange per year, saving customers over £900 million annually, according to data compiled by FXcompared. The FXcompared International Money Transfer ...
Asian Stocks Set for Weekly Gain as Metals Advance With Ringgit
November 20th, 2015
Optimism that the Federal Reserve will take a gradual approach to raising interest rates sent Asian equities toward their biggest weekly gain in more than a month and buoyed the region’s currencies. Metals advanced and oil traded near a three-month ...
Brokers in push for mutual funds to be added on HKEx platform
November 19th, 2015
Mutual fund trading platform would bolster Hong Kong as a hub for financial products, brokers say Brokers have urged the Hong Kong Exchanges & Clearing to launch a trading platform targeted at listed mutual fund products. The Hong Kong ...
