AUD News 

Australia’s Late Payments Fight Shows The Limits Of Government Intervention

“But the late B2B payments problem is a global one, and while the U.K. explores how to approach the topic, there is another jurisdiction in which the late payments fight is heating up: Australia” reports pymnts.com. Xero and Amex described the nation’s late payments problem as “endemic” across the mid-market.Recent research from Australian small business accounting firm Xero and payments company American Express explored just how big of a stressor late invoice payments are on Australian companies.Australia’s Small Business and Family Enterprise Ombudsman (ASBFEO) Kate Carnell is one of the…

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AUD News 

The UK media’s ‘Aussie flu’ fears have gone viral – but can a global source be identified?

“Flu viruses circulate all year around, all over the world, and they are constantly evolving through mutation” writes Ian M for theguardian.com. Multiple flu viruses circulate each year and are broadly grouped into two types: A and B. Influenza B viruses form two main groups, while the influenza A viruses are more variable.Flu viruses are also shared around the globe thanks to air travel. Source: theguardian.com Share This:

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AUD News 

Market report: PPB and William Hill caught up in merger love triangle with Aussie bookie CrownBet

“Aussie bookie CrownBet was caught in the middle of a merger love triangle with UK firms William Hill and Paddy Power Betfair yesterday as the spate of consolidation deals in the gambling sector saw the two bookies fighting for a suitor” writes Allister Heath for telegraph.co.uk. Deal-making among betting firms has transformed the industry in recent years but GVC’s takeover attempt of Ladbrokes Coral was recently shelved by the uncertainty created by the upcoming conclusion of the Government’s review into the betting sector.The Chinese Ministry of Finance said that the…

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AUD Crypto News 

This Aussie Pole Dancing Instructor Finds Success with Bitcoin, Helps Newcomers

“In Australia, a bitcoin regulation bill was recently greenlighted, a move that upped efforts on anti-money laundering and counter-terrorism financing” writes unknown author for cryptocoinsnews.com. Speaking to SBS News, she admitted that despite loving pole dancing, the cryptocurrency has been her passion.According to Australian publication SBS News, a pole dancing instructor found success after investing in bitcoin, as she bought the cryptocurrency back in July and has tripled her initial investment since them.Dee Heath owns a pole-dancing fitness business in western Sydney, and earlier this year decided to invest in…

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AUD News 

RBA chief sees stronger growth for Aussie economy

“The jobs growth is occurring across the country, the RBA said” writes James Glynn for marketwatch.com. He added that households had been coping reasonably well with higher debt levels so far.Still, some caution will need to exhibited by the RBA as soaring household debt levels will require policy makers to act carefully, he said.SYDNEY–Australia’s economy is on track for lower rates of unemployment and stronger growth as it exits a period dominated by a mining investment boom and bust, according to central bank chief Philip Lowe. Source: marketwatch.com Share This:

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AUD News Oil Stocks 

Japan, Aussie stocks continue to rise, spurred on by commodity prices

“Asian shares gave up earlier gains Wednesday, though Japanese and Australian stocks outperformed, helped by an improvement in appetite for risk, which pushed the U.S. dollar and commodity prices higher overnight” writes Kenan Machado for marketwatch.com. Commodities led the charge in European and U.S. trading on Tuesday, with copper prices jumping 4% and oil rising more than 3%.Often a stronger dollar results in weaker commodities prices as many such products are denominated in the U.S. currency. The Australian dollar AUDUSD, -0.4662%  was recently off 0.4% against major currencies, reversing some…

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AUD Markets News Stocks 

Aussie stocks lead a rebound for Asian markets as dollar steadies

“Asian stock markets were mostly stronger in early trading Tuesday, with Australia leading the way higher after badly lagging regional peers a day earlier” writes Ese Erheriene for marketwatch.com. The gains have helped Asian oil stocks, with Woodside Petroleum WPL, +0.81%  up 1.3% in Australia.Its recent weakness had been pressuring down stocks in Australia and Japan in particular.Technology stocks were also a bright spot, following the latest record closing high overnight for the Nasdaq Composite COMP, +0.36%  . Source: marketwatch.com Share This:

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AUD News Stocks 

Japan, Aussie stocks knocked by weak dollar, commodity prices

“Asian shares were mostly lower Monday, with stocks in Japan and Australia underperforming notably as further declines in the U.S. dollar continued to weigh on investor sentiment” writes Kenan Machado for marketwatch.com. A fresh pullback in commodity prices also hurt equities, despite the weaker dollar.Many assets in the sector are denominated in the dollar and often rise when the currency falls. Source: marketwatch.com Share This:

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AUD Markets News 

Dollar inches up from 10-month lows; Aussie continues its climb

“Washington policy has also been a feature in currency trading this week” writes Rachel Koning Beals for marketwatch.com. UBS says the market has priced in about a 40% chance for higher U.K. rate policy in 2017.The WSJ Dollar BUXX, -0.05% which looks at the currency against a wider basket of rivals, was little changed at 86.95.The pound had risen above $1.31 to 10-month highs earlier in the week as the dollar fell across the board. Tellingly, the New Zealand Dollar also rose,” said Ilya Spivak, currency strategist with Daily FX,…

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