Search Results for: Australia's
Apple Wins Battle With Australia Banks Over Mobile Payments
November 29th, 2016
Apple Inc. won the first round of a battle with Australia’s largest banks, which have been trying to force the tech company to offer them access to its Apple Pay technology that allows smartphones and tablets to communicate with ...
ASIC welcomes ‘client money’ reforms
November 8th, 2016
ASIC today welcomed the Government’s decision to proceed with ‘client money’ reforms in respect of retail OTC derivatives. ‘The reforms to the client money regime will strengthen protection of client money that is provided by retail derivative clients. By ...
No matter who wins US Election markets are betting on one truly safe investment
November 7th, 2016
No matter who wins the race for the White House, markets are betting on one truly safe investment, and that is the currency of a country with bleak economic prospects – Japan. Markets had long been pricing in a ...
Why Oil Prices Are Bothering the AUD
October 17th, 2016
Historically, there hadn’t been much of a strong correlation between crude oil and the Australian dollar, whether it’s a positive or negative one. These days, however, the rise in the commodity seems to be accompanied by a drag on ...
Findex Group and Financial Index Australia fined by ASIC
October 10th, 2016
Findex Group Limited and Financial Index Australia Pty Ltd (FIA) have each paid a $10,800 penalty following the issuing by ASIC of infringement notices for potentially misleading claims on the Findex website (www.findex.com.au). The Findex group of companies (which ...
Asia markets rally after oil prices surge on OPEC production cut deal
September 29th, 2016
The overnight rally in oil prices amid reports that oil producers finally agreed to cut production levels sent Asia markets higher on Thursday. Australia’s ASX 200 was up 1 percent in afternoon trade, with the energy sector rallying 6.54 percent, while ...
Aussie gains as RBA keeps quiet on currency strength
September 6th, 2016
Australia’s dollar was the biggest gainer among major currencies as U.S. and European traders returned from summer holidays on Tuesday, jumping almost 1 percent after the country’s central bank said little on its 10 percent rise since January. The ...
Reserve Bank of Australia decided to leave the cash rate unchanged at 1.50 per cent
September 6th, 2016
At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. The global economy is continuing to grow, at a lower than average pace. Several advanced economies have recorded improved conditions over the ...
Asian stocks drop as investors avoid risk before Yellen speech
August 26th, 2016
Asian stocks extended their weekly loss on Friday (Aug 26) ahead of a speech by Federal Reserve Chair Janet Yellen later in the day that may shed light on the US interest-rate outlook. The yen meandered after Japanese consumer ...
Asian stocks slip on profit-taking; oil falls
August 24th, 2016
Asian stocks edged lower on Wednesday as strong U.S housing data overnight increased the chances of an interest rate increase in coming months, prompting some investors to take profits, while oil prices slipped after a surprise jump in U.S. ...
