Nine in ten CFOs project higher AI budgets in 2024 - Industry roundup: 9 February
by Ben Poole
European Parliament issues 10 seconds rule for instant money transfers; Deutsche Bank and XTransfer facilitate onshore Thai Baht trade in Thailand.
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US recession no longer in prospect, says Deutsche Bank – Industry roundup: 8 February
by Graham Buck
China reports deflation last month; India keeps rates on hold; Revived fortunes for two Italian banks; ADB trade aid for Cambodia
Global B2B payments to reach US$124 trillion by 2028 - Industry roundup: 7 February
by Ben Poole
Lithuania tops Baltics for startup investments; Micro Connect and HSBC sign up to US$200m asset-backed loan facility.
Fides unveils next-generation unified treasury management platform
by Pushpendra Mehta , Executive Writer, CTMfile
Industry-leading multibank connectivity provider launches Fides ONEHub, a new paradigm for centralized corporate treasury services.
OECD revises up 2024 global growth to 2.9% – Industry roundup: 6 February
by Graham Buck
Central bank updates from Australia, Turkey and Nigeria; Germany's trade volumes fall; Standard Bank launches Lyra Energy
Most treasurers prioritize SLY for short-term investment
by Pushpendra Mehta , Executive Writer, CTMfile
Treasury executives wary of liquidity risk, have been stashing cash in short-term investment vehicles over the past year.
Human skills will remain critical for businesses - Industry roundup: 5 February
by Ben Poole
UK businesses’ confidence increases to kick off 2024 with greater positivity; Why US stocks are worth sticking with.
US companies ready to sever ties with organizations hit by payment fraud - TREASURY NEWS #123
by CTM News Team
US firms cutting ties, M&A trends, Red Sea impact, risk exposures.
BoE split but UK interest rates maintained at 5.25% - Industry roundup: 2 February
by Ben Poole
Hong Kong corporates concerned about US-China relations; UK businesses save 150 hours every year with open banking.
Fed not yet ready to cut US interest rates – Industry roundup: 1 February
by Graham Buck
Hapag-Lloyd CEO warns on Red Sea crisis; Japan gives US$20bn for green hydrogen; UAE cross-border CBDC payment; YouLend unlocks £4bn for SMEs
Europe narrowly avoids technical recession - Industry roundup: 31 January
by Ben Poole
Bank of England and HM Treasury respond to digital pound consultation; ECB steps up climate work; BNY Mellon launches virtual account solution.
China’s fallen property giant Evergrande ordered to liquidate – Industry roundup: 30 January
by Graham Buck
Singapore keeps policy on hold; Japan's digital yen progresses; Vietnam's sluggish corporate bond market; Amazon abandons US1.4bn iRobot bid
US companies ready to sever ties with organizations hit by payment fraud
by Pushpendra Mehta , Executive Writer, CTMfile
The possible domino effect of fraud: senior finance and treasury leaders in the US willing to cut ties with entities that experience payment fraud.
Sweden’s near-term economic headwinds will be better by summer
by Ben Poole
Inflation will fall, interest rates will decline and household real income will rise in 2024, Swedbank's Economic Outlook finds.
Risk exposures outpacing hedging programmes for corporates - Industry roundup: 29 January
by Ben Poole
78% of FP&A professionals plan to improve technology and data skills in the next year; ESG and employment are key disputes risks in 2024.
Transformation tops CFO priorities for 2024 - Industry roundup: 26 January
by Ben Poole
Sustainable bond issuance will hold steady this year; Kantox solution to centralise FX management for global corporates; ECB continues rate pause.
India “beats China as supply chain base for US firms” – Industry roundup: 25 January
by Graham Buck
Turkey in "final" rate hike to 45%; German business morale sinks further; Mastercard fund for Europe's SMEs; BNP Paribas launches UK fintech incubator
Cyber incidents top list of business risks for 2024
by Ben Poole
Cyber incidents are the biggest worry for companies globally in 2024, according to the Allianz Risk Barometer 2024.
Payment fraud attempts on US businesses up 71% – Industry roundup: 24 January
by Ben Poole
EU to bring in maximum cash payment limit; DigiFT and HashKey Capital to offer regulated access to on-chain treasury management.
Germany Economy Q4 2023: Shifting from Reverse to 1st Gear in 2024
by CTM News Team
Germany's economy to shift from contraction to growth in 2024.
Four key M&A trends for 2024
by Pushpendra Mehta , Executive Writer, CTMfile
With M&A set to pick up in 2024, CFOs and treasurers, guided by key themes, can make strategic acquisitions that pay off when global economy rebounds.
Red Sea attacks pose growing threat to supply chain – Industry roundup: 23 January
by Graham Buck
Africa's rising debt burden; US manufacturers look to Mexico; China acts to support yuan; Montenegro explores Samurai bonds
London stock market IPO proceeds fell 40% in 2023
by Ben Poole
The London stock market saw just 23 issuers listing in 2023, a 49% decline on 2022.
Businesses fear reforms will lead to double taxation - Industry roundup: 22 January
by Ben Poole
TreviPay and Mastercard partner to launch B2B financing; Do mega projects signal a renaissance for US manufacturing?