ASIC To Investigate SMSF Advice After Violations Are Uncovered
Self-managed superannuation funds (SMSF) are under the microscope right now in Australia as a recent review showed that a lot of detrimental advice was being given to the trustees of these funds. This was caught when the Australian Securities and
Read MoreBNY Mellon Launches FX Options To Enhance Global Offerings
The Bank of New York (BNY) Mellon has decided to improve its forex offerings by adding FX options to their current product. With the new addition, BNY traders will be able to have a better handle on the market, have
Read MoreFaceBook Investors Want Mark Zuckerberg To Step Down
There is a revolt happening among Facebook shareholders right now. Reports say that investors who own a total of $3 billion in Facebook shares are pushing for chairman and CEO Mark Zuckerberg to step down. This comes in the wake
Read MoreWhat Is A Forex Cashback Rebate? How To Take Advantage
Forex trading is an excellent way to earn some money on the side or even turn it into your major revenue source provided you are good at it. However, there is always a chance of losing that you could lose
Read MoreGlobal Financial Markets Impacted By US-China Trade War
The trade spat between the United States and China has escalated once again. The latest tit-for-tat between the two countries resumed when President Donald Trump announced that he would be implementing tariffs on $50 billion worth of Chinese trade goods.
Read MoreCitibank Agrees To Pay $100m Fine For LIBOR Rate Manipulation
Citibank, one of the world's largest banks has finally agreed to pay a hefty $100 million fine that will be spread across 42 states in America. This is in connection with Citibank’s manipulation of the London Interbank Offered Rate (LIBOR),
Read MoreChina’s FX Regulator Says Foreign Investors Keen To Hold Yuan Assets
Pan Gongsheng, the director of China's State Administration of Foreign Exchange recently told a financial forum in Shanghai that foreign investors were now more willing to hold their yuan and yuan-denominated assets. This is a sign of increasing confidence in
Read MoreForeign Investors To Find It Easier To Move Money Out Of China
China recently tweaked its qualified foreign institutional investor program (QFII). This is an old and underused channel that used to be the only way foreign investors could use to buy Chinese stocks and bonds. The rule change was posted on
Read MoreIndia’s Currency Market Intervention Reaches 18 Month High In April
The Reserve Bank of India (RBI) went all out in April to ensure that the rupee's would not slide any further. The RBI sold a total of $6 billion in debt, the highest amount sold since November 2016. This was
Read MoreFilipino Call Center Busted For Running Stock Market Scam
In a recent raid on a call center in the Pampanga's Clark Freeport Zone, the Philippine National Police arrested more than 482 people including 8 Israeli Nationals for running a stock market scam that had victims from all over the
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