ASIC 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
Read MoreFCA To Permanently Ban Binary Options From Tomorrow
The Financial Conduct Authority (FCA) has confirmed that it will roll out a permanent ban on retail selling of binary options. This does not come as a huge surprise as the UK financial watchdog had imposed major restrictions on the
Read MoreAMF Looks To Ban Binary Options & Restrict CFDs
The European Securities and Markets Authority (ESMA) has been very strict about binary options for months now. It recently extended its measures against binary options and contracts for difference (CFDs) and has plans on making things even more stringent going
Read MoreInvestors Should Keep Eye On Gold Prices As Spike Expected
Gold has always been a valuable commodity but over the past few weeks were not that great. Many have blamed this drop due to a drop in the US labor market. However, it is currently experiencing a recovery from a
Read MoreFCA Watching Property Funds Due To Surging Outflows In The UK
The Financial Conduct Authority (FCA) is worried after seeing investors withdraw millions of pounds from property funds. This is mainly because of uncertainty about Brexit and the withdrawal has caused a lot of fear about liquidity leaving the market. Now,
Read MoreS&P Global To Setup Bond Rating Business In China
S&P Global is now breaking into the Chinese market. The New York-based finance company has just been given approval by the People’s Bank of China (PBoC) to set up a domestic bond rating business. This makes it the first foreign
Read MoreBofAML Fund Manager Survey Reveals Investor Worries
The Bank of America Merrill Lynch (BofAML) Fund Managers Survey has always been a good barometer of how what investors are thinking. The survey released this month shows us an interesting viewpoint. For the first time since the 2008-2009 financial
Read MoreBIS Says Market “Jolt” Will Be First Of Many
The Bank of International Settlements (BIS) has said that the recent market selloffs in various global financial markets are going to be the first of many. This is because of tighter monetary regulations and the threat of a coming economic
Read MoreBitcoin Takes A Hit, Whilst Crypto Tokens Make Gains
Bitcoin and other major cryptocurrencies are taking hits to their value but crypto tokens are going in the opposite direction. According to recent data, tokens like ICON and Wanchain have experienced a 20 to 40 percent rise in value. Further
Read MoreGroupon swings to Q3 profit, raises FY17 profit view
Last week, the online daily deal service provider Groupon, Inc. (NASDAQ: GRPN) reported a swing to profit in the fiscal 2017 third-quarter. The company’s earnings also met analysts’ estimates. However, the revenue missed the Wall Street estimates. Still, on the
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