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Showing 191 - 200 of 2160 results for "Currency"

World Bank warns of a sharp global growth decline

ANDREW MCKEAN  |  WEDNESDAY, 11 JAN 2023
... decelerate from 3.8% in 2022 to 2.7% in 2023. This reflects significantly weaker external demand compounded by high inflation, currency depreciation, tighter financing conditions and other domestic headwinds, the World Bank said. World Bank Prospects ...

Hostplus defies inflation fears

ELIZABETH FRY  |  MONDAY, 28 NOV 2022
... Nevertheless, Sicilia says there are times when falling in line with peers is smart. All funds have an aversion to large currency swings. The currency markets are hazardous because volatility is notoriously hard to predict. "And you could be killed because ...

ASIC sues crypto fintech over unlicensed advice

JAMIE WILLIAMSON  |  THURSDAY, 24 NOV 2022
... in Federal Court against Block Earner, an authorised representative of Flash Partners and AUSTRAC-registered digital currency exchange. It offered a range of fixed-yield earning products based on crypto-assets, with names including USD Earner, Gold Earner ...

Colonial First State debuts 'major wealth platform innovation'

ANDREW MCKEAN  |  WEDNESDAY, 23 NOV 2022
... Q1 2023, enhancements will expand the breadth of CFS investment offerings to include international equities, foreign currency, margin lending and unique wholesale options. In developing the platform, CFS said it consulted with a wide range of advisers ...

ASIC suspends FTX Australia's licence

ANDREW MCKEAN  |  WEDNESDAY, 16 NOV 2022
... been appointed as voluntary administrators of FTX Australia and its subsidiary FTX Express, which operates a digital currency exchange that's not regulated by ASIC. In the United States, FTX Trading, West Real Shires Services (trading as FTX US) ...

Forget BRICs: Skerryvore

CHLOE WALKER  |  WEDNESDAY, 9 NOV 2022
... example, he said. "The UK has a weak political situation at the moment, lots of political change and has a very weak currency, so it's almost acting like an emerging market. Yet, there are a whole host of emerging market countries that are actually ...

US recession probability reaches 75% - is Australia at risk?

ANDREW MCKEAN  |  TUESDAY, 1 NOV 2022
... can avoid financial distress." There are two financial distress risks that worry him - household financial distress and currency risk. "Household financial distress increases if households can't pay their mortgages when the RBA increases interest ...

Government enshrines new rule for Aussie Bitcoin owners

ANDREW MCKEAN  |  FRIDAY, 28 OCT 2022
... federal government introduced new rules for Bitcoin owners, clarifying that digital currencies are not taxed as foreign currency. The government said it will introduce legislation to clarify that digital currencies (such as Bitcoin) continue to be excluded ...

RBA downplays exchange rate inflationary impacts

ANDREW MCKEAN  |  TUESDAY, 25 OCT 2022
... of a rise in wages in Australian dollar terms and a nominal exchange rate appreciation that pushed up wages in foreign currency terms," Kent said. Though, once the terms of trade and mining investment declined and the associated labour was freed up from ...

ASIC sues BPS Financial over crypto claims

CASSANDRA BALDINI  |  TUESDAY, 25 OCT 2022
... consumers who purchased Qoin tokens could be confident they would be able to exchange them for other crypto-assets or fiat currency (such as Australian dollars) through independent exchanges. BPS Financial also claimed Qoin tokens could be used to purchase ...