Australian Stock Exchange Faces Tighter License Conditions After Outage Probe

Australia’s financial regulator imposed additional conditions on three licenses held by the Australian Stock Exchange (ASX) following an investigation on a market outage last year. The Australian Securities & Investments Commission (ASIC) said in a statement on Wednesday that its …

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China Crackdown Pushes Hong Kong Out of Top Three IPO Venues

Hong Kong has been replaced by Shanghai in the world’s top three venues for stock listings as crackdowns in China’s private sectors continue to hurt investor sentiment. Shanghai took over third place after raising $45.6 billion in new initial public …

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World Leaders Deny Wrongdoing After Pandora Papers Leak

Several world leaders have denied wrongdoing after being included in one of the biggest leaks of financial documents from offshore companies. The Pandora Papers investigation involved some 600 journalists of the International Consortium of Investigative Journalists (ICIJ) from a variety …

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KPMG Agrees to Pay $80.11 Million to Settle 1MDB Scandal

The Ministry of Finance in Malaysia announced on Thursday that Anglo-Dutch multinational audit firm KPMG has agreed to pay a total of 333 million ringgit ($80.11 million) in settlement to resolve all claims regarding its role in the 1Malaysia Development …

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Intuit Buys Mailchimp for $12 Billion

Tax and accounting software giant Intuit announced on Tuesday that it has agreed to purchase email newsletter platform Mailchimp in a $12 billion cash-and-stock deal. Intuit, which is known for owning financial and accounting software packages like TurboTax, QuickBooks, Mint, …

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PayPal Closes Deal to Acquire Japan’s Unicorn Paidy for $2.7 Billion

PayPal Holdings Inc. said that it has reached an agreement to acquire Japanese buy-now-pay-later (BNPL) payments platform Paidy for 300 billion yen ($2.7 billion). In a press release, the U.S. fintech giant announced the deal that is going to be …

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Indian Central Bank Orders Mastercard to Stop Issuing New Cards

The Reserve Bank of India (RBI) has ordered Mastercard to stop issuing prepaid, debit, or credit cards to domestic customers after authorities said that it failed to comply with the data storage rules of the country. In a statement, RBI …

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