AUD News 

Intuit Study: A Third Of Small Businesses Grapple With Late Payments

“Intuit found through a study that, across the globe, as much as 61 percent of small businesses (SMBs) face difficulties when it comes to managing cash flow” reports pymnts.com. Under that code, companies embrace paying suppliers (that are also small businesses) within 30 days.When it comes to late payments, 53 percent of small businesses said they invoice, “while 47 percent require payment in advance.” Thirty-one percent of those surveyed said they wait “more than 30 days to get paid by customers,” as noted in Small Business Computing.Hiccups in accounts receivable —…

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AUD Markets News Stocks 

Stocks in Australia gain; US-China trade talks set to resume

“Stocks in Australia rose on Monday morning with investors watching out for developments on the U.S.-China trade situation, as negotiations are set to continue in Beijing later this week” writes Eustance Huang for cnbc.com. In Australia, the ASX 200 rose 0.17 percent in early trade, with most sectors seeing gains. Japan’s stock markets are closed on Monday for a public holiday. Source: cnbc.com

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AUD News Reviews 

AUD Daily Review February 10, 2019

AUD Daily Review for February 10, 2019 AUD/USD Snaps Upward Trend as RBA Cuts Growth & Inflation Forecast The AUD flash-crash rebound may continue to unravel following the fresh updates from the RBA as both price and the RSI snap the upward trends   AUD bullish news: Iron ore hits highest since 2014 Iron ore futures surged more than 5 percent to hit the highest level since 2014 on fears that the crisis at top miner Vale SA would create supply defi   AUD/USD Technical Analysis: 1H & 4H RSI…

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AUD Markets News Platforms 

Regulation needed to curb Facebook and Google, watchdog says

“In the past three years, Google and Facebook are estimated to have captured 80% of the growth in digital advertising” writes Amanda Meade for theguardian.com. The production of news and journalism cannot be left entirely to market forces and regulation is needed to curb the power of Facebook and Google, the competition regulator says.The preliminary report recommended a powerful new authority to oversee the commercial activities of Google and Facebook.The ACCC chairman, Rod Sims, says the digital platforms inquiry, which delivered its preliminary report in December, revealed that the market…

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AUD GBP News 

ASIC encourages international firms to review their AFS licensing arrangements ahead of Brexit

“Of these firms, 285 UK foreign financial services providers (FFSPs) operate in Australia under an Australian financial services (AFS) licensing exemption” reports financefeeds.com. The Australian Securities & Investments Commission (ASIC) has earlier today posted an update on preparations for Brexit, encouraging firms with global operations to review their AFS licensing arrangements.Among other things, ASIC is seeking to enhance its co-operation with UK financial regulators post-Brexit. Source: financefeeds.com

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AUD News 

Australia’s bruised big banks offered respite in inquiry wash-up

“Broker-originated loans currently account for up to half of some of the big banks’ mortgage books” reports businessinsider.com. Finance Brokers Association of Australia managing director Peter White said the big banks would use their branches to take the lion’s share, at a cost to consumers.The big Australian banks also need to retain sufficient capital to meet new regulator-imposed requirements being imposed in Australia and New Zealand, where they also operate.Many of the wealth management, insurance and financial planning units divested by big Australian banks in recent years were profitable but…

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AUD News Reviews 

AUD Daily Review February 7, 2019

AUD Daily Review for February 7, 2019 AUD/NZD bulls keen for a test on the 1.05 handle on NZ jobs data big miss Following a surprisingly dovish speech from the RBA yesterday that took the shine out of AUD which has lost upside momentum against the kiwi, the NZ e   AUD/USD and NZD/USD Sink Through Support. USD Eyes Jerome Powell The S&P 500 halted its winning streak after poor German economic data, AUD/USD and NZD/USD had their worst days in years. The US Dollar eyes   AUD/USD Technical Analysis:…

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AUD News 

AUD/USD takes a look under 0.71 as aussie woes continue in the new day

“There’s just no relief for the aussie as it continues to be pressured with AUD/USD now taking a peek just under the 0.7100 handle” reports forexlive.com. Near-term sentiment remains bearish for the pair as traders continue to wait on developments from US-China trade talks. Those will be key levels in keeping the pair afloat moving forward and I reckon it will be an area that sellers will look to take some money off until more clarity is seen on trade talks. Source: forexlive.com

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AUD Markets News 

Stocks in Asia trade mixed; Softbank shares soar more than 16 percent

“Stocks in Asia traded mixed on Thursday, while U.S.-China trade hopes are up as negotiations are set to continue” writes Eustance Huang for cnbc.com. Japan’s Nikkei 225 slipped more than 0.9 percent in morning trade while the Topix declined 1.14 percent as shares of Fast Retailing fell by 2.59 percent.Softbank Group soared more than 16 percent in morning trade, on the back of its announcement on Wednesday that it would purchase up to 600 billion yen ($5.46 billion) of stock in its largest ever buyback.The heavily weighted financial subindex rose…

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