ACCC Says Half A Billion Dollars Lost Due To Scams In 2018
The Australian Competition and Consumer Commission (ACCC) recently published data which shows that Aussies have lost close to half a billion dollars due to various scams that worked in 2018. The scams cover a variety of schemes from telephone and
Read MoreSingapore Focuses On Branding Itself As Global Forex Hub
Singapore is making progress in its plans to brand itself as a major forex trading hub. A recent report revealed that the country has been encouraging a lot of forex firms to start setting up shop in the country. The
Read MoreJPMorgan Expands Blockchain Payments Network
JPMorgan recently announced that it is planning to widen its use of its Interbank Information Network (IIN). As the banking industry’s leading blockchain technology, IIN was intended to help share information on an open ledger. In 2018, 75 of the
Read MoreCrypto-Tracking Stocks Might Be Better Than Bitcoin ETFs
The trading world has been waiting for some time to whether the Securities and Exchange Commission (SEC) will approve the various applications for bitcoin-based exchange-traded fund (ETFs). Many bitcoin supporters believe that ETFs are a great way for the cryptocurrency
Read MoreForex Operators Show Interest In Lucrative MENA Region
The Middle East and North Africa (MENA) region is quickly becoming a hot spot for the forex market. In the past, local instability and the low oil prices have slowed down their development. However, the market is showing steady growth
Read MoreAustralian Brokers Fighting Back Against ASIC Demands
The Australian Securities and Investments Commission (ASIC) recently received increased product intervention powers. The financial watchdog wasted no time in putting out a request for detailed information that current brokers in the Australian marketplace had to supply. However, this request
Read MoreDeutsche Börse Says No to Rumoured $3.5bn Price Tag for FXall
News has been bubbling about the upcoming purchase of the FXall unit of Refinitiv by the Deutsche Börse exchange. Though there have only been rumours floating around, the exchange finally confirmed that they were in negotiations for the purchase. However,
Read MoreIMF Slashes Global Growth Outlook On Policy Uncertainty, Trade Tensions
On Tuesday, the International Monetary Fund trimmed this year’s global economic growth prediction by mentioning commercial conflicts, weaker business confidence, stricter financial situation and greater policy unpredictability. The Washington based institution slashed this year’s growth estimate to 3.3% in its
Read MoreSaudi Aramco Bond Value Hits $30bn Due To Massive Demand
Saudi Aramco recently issued its first bonds and the response has been staggering. The state-run oil giant has witnessed massive demand for its bonds which has boosted its value to over $30 billion, according to Saudi Energy Minister Khalid al-Falih.
Read MoreASIC To Decide Which FIN Products Can Be Offered In Australia
Change is coming to the financial regulatory environment in Australia. This is thanks to the new bill that just passed and now only requires formal approval to become a law. The Design and Distribution Obligations and Product Intervention Powers Bill
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