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ASIC consults on ‘sunsetting’ class orders about licensing relief for financial counselling agencies and rural financial counselling service providers

May 17th, 2017 (0)
ASIC today released a consultation paper proposing to remake three ASIC instruments relating to financial counsellors, which are due to expire between 1 October 2017 and April 2026. ASIC proposes to: Remake, without significant changes, Class Order  ...

Cotton rally frays. But soybean prices hold firm

May 16th, 2017 (1)
The previous time, before Monday that is, that spot cotton futures set a record high for trading volumes augured poorly for prices. That was in November 2010, when volumes hit 101,516 contracts (which stood as the highest until the ...

Grant Thornton names Peter Bodin its new CEO-elect

May 16th, 2017 (0)
Grant Thornton, a leading business adviser and one of the major global accounting organisations, has issued an announcement to inform that Peter Bodin named Global Chief Executive – elect. Bodin to succeed Ed Nusbaum from 1 January 2018 According ...

Oil Jumps as Saudis, Russia Favor Extending Output Deal to 2018

May 16th, 2017 (0)
Ministers agree pact should extend through the end of March OPEC deal is working and inventories decreasing: Al-Falih Oil rallied after Saudi Arabia and Russia stoked expectations that production cuts might be extended for nine months. Futures closed at ...

FXCM has appointed new CEO

May 15th, 2017 (0)
FXCM Group, LLC (“FXCM Group”), a leading international provider of online foreign exchange trading, CFD trading, spread betting and related services, today announced that its Board of Directors has appointed Brendan Callan as Chief Executive Officer of FXCM Group. ...

Foreign investors pumping billions in the second most populous city of the UAE

May 15th, 2017 (0)
Foreign investors pumping billions into Abu Dhabi real estate Investment into Yas, Reem and Saadiyat islands on the rise, says SCAD More than 25 percent of total foreign investment was made into Abu Dhabi’s real estate and infrastructure projects ...

Lawyers are suing international banking and financial services company Wells Fargo

May 15th, 2017 (0)
Lawyers for customers: Wells Fargo may have opened about 3.5M bogus accounts Lawyers suing Wells Fargo on behalf of aggrieved customers say the bank may have opened about 3.5 million unauthorized accounts, far more than the figure bank and ...

Digital currency, the Airbnb and Uber killer

May 15th, 2017 (0)
Ride-sharing app Uber experienced a setback on Thursday (11 May), as a top EU lawyer of the European Court of Justice (ECJ) stated in an opinion that the company can be regulated as a transport business, instead of an ...

Oil jumps after Saudis, Russia say supply cut to be extended to March 2018

May 15th, 2017 (0)
Oil prices jumped over 1.5 percent on Monday after the energy ministers of the world’s two biggest producers Saudi Arabia and Russia jointly said that a crude production cut would be extended from the middle of this year until ...

China shares gain on spending program

May 15th, 2017 (0)
Hang Seng China Enterprises Index on course for six-day surge Oil climbs as Russia, Saudi Arabia favor extending output deal Chinese equities rose as optimism over infrastructure spending offset concerns over the strength of the global economy, while oil surged ...
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