Search Results for: Australia
Ghana’s First Hedge Fund Planned by Ex-Exchange Regulator
June 26th, 2014
Tikowrie Capital Ltd., a Ghanaian money manager started by a former regulator, plans to establish the West African country’s first hedge fund. “The appetite of investors in the country has grown over the years,” Tikowrie Executive Director Maxwell Gidi ...
FINRA Expels Success Trade Securities and Bars CEO Fuad Ahmed for Ponzi Scheme
June 26th, 2014
The Financial Industry Regulatory Authority (FINRA) has announced that a FINRA hearing panel has expelled Washington, D.C.-based Success Trade Securities, Inc. from membership and barred its CEO and President, Fuad Ahmed, for the fraudulent sale of promissory notes and ...
CySec warning against unauthorised firm
June 25th, 2014
The Cyprus Securities and Exchange Commission (CySec) has published a press release informing the investors that the company ‘BDB Services Ltd’ (https://www.australia.bancdebinary.com and https://www.bbinary.com): 1. Is not permitted to provide investment and ancillary services in the Republic, pursuant to ...
S&P to face legal challenge from councils
June 24th, 2014
Ratings agency Standard Poor’s has failed to avoid a legal battle with 91 councils, church groups and charities over investments that went bad during the global financial crisis. The Federal Court has denied the agency’s leave to appeal a ...
Wheat Extends Gains as Rain Threatens to Thwart U.S. Harvest
June 19th, 2014
Wheat rose for a second day on concern that rain from Oklahoma to Kansas may delay harvesting and cause crop quality to deteriorate in the U.S., the world’s biggest exporter. Between 0.5 inch and 2 inches (5.1 centimeters) of ...
Core Liquidity Markets Announces MT4 Mobile Trading
June 19th, 2014
An Australia-based Forex broker and ASIC regulated ACN 164 994 049, namely Core Liquidity Markets, has announced the release of the MetaTrader 4 mobile trading application. The application is available for both iPhone and android and there is an IPad version available ...
Post-Crash Economics
June 19th, 2014
In last month’s European Parliament election, euroskeptic and extremist parties won 25% of the popular vote, with the biggest gains chalked up in France, the United Kingdom, and Greece. These results were widely, and correctly, interpreted as showing the ...
China and UK establish direct currency trades
June 19th, 2014
China and the UK have started the direct trading of the yuan against the pound, in a move that will help reduce currency conversion costs. Both sides are hopeful the direct yuan-sterling trade will help facilitate two-way investment and ...
Yuan to Start Direct Trading With Pound from tomorrow
June 18th, 2014
China will allow the yuan to be exchanged directly for British pounds from tomorrow in Shanghai as the world’s second-largest economy promotes the use of its currency in global trade and finance. “This is an important step in strengthening ...
ASIC suspends former Banksia auditor for five years
June 13th, 2014
The Australian Securities and Investments Commission (ASIC) has accepted an enforceable undertaking (EU) from Mr Warren John Sinnott of Kennington, Victoria, as part of an ongoing investigation into the collapse of Banksia Financial Group (Banksia Group). Under the EU, ...
