Search Results for: Australia
Uber just lost a crucial court ruling – which might push up the price of a fare
February 17th, 2017
So it turns out an Uber is actually a taxi – at least for tax purposes. That’s the upshot of a Federal Court judgment handed down on Friday. Uber had fought an 18-month battle to avoid GST, but will now ...
ASIC released a consultation paper about ASIC Class Order Reporting requirements
February 17th, 2017
ASIC today released a consultation paper proposing to remake ASIC Class Order Reporting requirements under s989B. This is due to expire (‘sunset’) on 1 October 2017. This instrument grants relief to Australian financial services licensees who are ...
Asian Stocks Drop Even as Reflation Pullback Eases: Markets Wrap
February 17th, 2017
S&P 500 slips in New York trading, oil heads for weekly loss U.K. retail sales and U.S. leading index due on Friday Investors continued to step away from Asian equities at the end of the week even as a ...
Apple, Samsung, Google Race For Mobile Payments
February 16th, 2017
Mobile payments are growing significantly around the world, but that doesn’t mean there is a clear winning payments provider. Much like making purchases on the Web naturally evolved to making purchases via mobile websites, the behavior of paying for ...
Asia Stock rally fizzles as bonds gain; Dollar weakens
February 16th, 2017
Dollar weakens while Treasuries halt a five-day slide MSCI All-Country World Index hit a record on Wednesday The reflation trade rally that sent global equities soaring to the highest level on record was cut short during Asian hours as ...
ASIC cancels AFS licence of Sovereign MF Ltd
February 15th, 2017
The Australian Securities & Investment Commission (ASIC) has issued an announcement to inform that the Commission has cancelled the Australian Financial Services (AFS) licence of Sovereign MF Ltd (in liquidation) ACN 104 964 555 (Sovereign). Sovereign is the responsible ...
Asia stocks at 19-month high, dollar up
February 15th, 2017
Asian stocks scaled 19-month peaks on Wednesday, helped by a record-setting night on Wall Street after Federal Reserve Chair Janet Yellen flagged a possible interest rate rise next month, keeping the dollar near three-week highs. Spreadbetters saw the boon ...
International law firm sues eight partners who quit
February 14th, 2017
Herbert Smith Freehills has sued eight of the 10 partners who quit last year to launch White & Case in Australia. The case, filed at the Supreme Court of New South Wales, named Melbourne partners Andrew Clark, Joanne Draper, ...
Dollar slumps, yen strengthens
February 14th, 2017
Dollar slumps after Flynn resigns as national security adviser Japan shares fall as yen strengthens; Hong Kong equities swing Japanese stocks fell, taking the momentum out of a global rally after U.S. benchmarks surged to a fresh round of ...
Dollar hits two-week high vs yen on U.S.-Japan summit relief
February 13th, 2017
The dollar rose to a two-week high versus the yen on Monday, with the market breathing a sigh of relief as the closely watched two-day U.S.-Japan summit held over the weekend was seen to have ended smoothly. U.S. President ...
