Today
Glen Point Capital’s Neil Phillips found guilty of FX fraud
The former hedge fund executive faces a maximum of 10 years in prison but will have to wait until March 14 to hear his sentence.
- Chris Dolmetsch, Carter Johnson and Greg Farrell
This Month
Morgan Stanley FX head testifies bank restricts barrier trades
The investment bank does not permit spot trades intended to move the underlying rate or to trigger a barrier rate.
- Chris Dolmetsch and Carter Johnson
Glen Point trial reveals Morgan Stanley tried to buy back option
Morgan Stanley offered to buy back the option on December 18, 2017, starting at $US9 million. Three hours later, the bank said it was willing to pay $US13 million.
- Chris Dolmetsch and Carter Johnson
Glen Point trial casts Morgan Stanley as hedge fund’s victim
The case against Phillips focuses on a frantic one-hour buying spree of the South African rand that began in the waning minutes of Christmas 2017.
- Greg Farrell and Carter Johnson
MHC Digital Group founder Mark Carnegie on crypto regulation
"Whatever happens in terms of the regulatory framework ... we have nobody to blame but ourselves," says MHC Digital Group founder Mark Carnegie.
- Updated
Hot US inflation hits $A, lifting chance of RBA rate rise
The Aussie is trading near an 11-month low after US consumer prices rose more than expected overnight, strengthening the case of high rates for longer.
- Cecile Lefort
- Opinion
- Review
Did Michael Lewis get sucked in by Sam Bankman-Fried?
The bestselling financial author met the cryptocurrency boss at the apex of his wealth and influence. The pair may have become far too close.
- James Ledbetter
Israel’s $70b shekel defence is tested in market showdown
The central bank resorted to unprecedented measures to contain volatility, but its intervention could not prevent a steep slide in the currency.
- Galit Altstein and Netty Ismail
August
IFM Investors expect powerful stimulus from China this year
The $215 billion fund manager says a deeper property downturn in China would hit commodities and Australia’s economy.
- Cecile Lefort
Switzerland weighs new money-laundering rules amid US criticism
A new Swiss federal register will require companies and other legal entities to name their beneficial owners, making it harder for criminals to hide assets.
- Hugo Miller and Bryce Baschuk
Bitcoin jumps as court ruling may unlock billions
Crypto enthusiasts celebrated on Wednesday after a landmark decision paved the way for more investors to buy into the world’s largest digital currency.
- Tom Richardson
Crypto surges as court ruling paves way for first Bitcoin ETF
The ruling, by a three-judge panel, marks a major legal win for the crypto industry and sent the price of bitcoin surging. The decision could still be appealed.
- Sabrina Willmer, Allyson Versprille and Yueqi Yang
ANZ’s head of FX is optimistic about the Australian dollar
Mahjabeen Zaman also believes the next RBA rate move is more likely to be up than down and doesn’t envisage rate cuts until late next year.
- Cecile Lefort
Crypto ETF drags ESG label into wildly volatile world of bitcoin
Martin Bednall, a former BlackRock executive, is telling investors that the Jacobi FT Wilshire Bitcoin ETF will be “fully decarbonised”.
- Lisa Pham
Lacklustre China stimulus lifts the Australian dollar
The Aussie has stabilised after five weeks of losses after Beijing announced a series of small measures to boost the stuttering recovery.
- Cecile Lefort
