Most central banks now developing a digital currency – Industry roundup: 24 April
by Graham Buck
Hong Kong help for SMEs; Commerzbank fined €1.45m for AML breaches; Standard Chartered builds on aXess; Citi sells maple bonds
Buying & Selling FX
Background
Today many corporate treasury departments use the automated multi-bank FX trading platforms which make buying and selling FX very easy. Just ask 3-4 banks on your panel of approved banks or approved…
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HSBC sets up US$1 billion fund for Asean’s digital economy – Industry roundup: 28 March
by Graham Buck
Sweden could cut rates in May; Sri Lanka rate cut surprises markets; Life less sweet as cocoa prices soar; Thames Water faces funding crisis
Six key priorities for navigating currency management in 2024
by Pushpendra Mehta , Executive Writer, CTMfile
Treasury must enhance automation, visibility, and control across all phases of the FX workflow to harness currency management as a driver for growth.
Japan nears end of negative interest rates era – Industry roundup: 12 March
by Graham Buck
Egypt’s inflation jumps to 35.7%; India signs US$100bn free trade deal; NatWest to exit BNPL market; Inditex investors seek supply chain transparency
Nigeria hikes rates to support currency – Industry roundup: 29 February
by Graham Buck
US economy ends 2023 on a high; Deutsche updates sustainable investment guide; Verizon completes sixth green bond; Action plan on plastic pollution
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
US debt load ended year at US$34 trillion – Industry roundup: 4 January
by Graham Buck
HSBC challenges Revolut and Wise; China's top banks review smaller peers; Goldman raises $650m for life sciences; Mexico kicks off 2024 bond sales
Japan ending 2023 with rates still negative – Industry roundup: 20 December
by Graham Buck
UK inflation falls to 3.9%; Norway advances CBDC pilot; BNP Paribas signs new securitisation; Philippines incentives for sustainable finance
Hong Kong and Thailand link rapid payment systems – Industry roundup: 5 December
by Graham Buck
Gold set to remain at record highs; Chase tipped as new Apple Card partner; US call for cash flow accuracy; Qataris halve stake in Barclays
Argentina’s economic outlook still murky – Industry roundup: 24 October
by Graham Buck
US 10-year Treasury yield at 16-year high; Priorities for G7 Osaka summit; Nigeria sees liquidity crunch relief; Security new 'S' of ESG
Russia’s central bank hikes rates to 12% at crisis meeting – Industry roundup: 15 August
by Graham Buck
Japan's economic growth beats forecasts; Argentina devalues and lifts rates; China economic data misses targets; Multinationals expand use of AI
World Bank chief sees “window of opportunity” for India – Industry roundup: 20 July
by Graham Buck
UK and Turkey to update trade deal; Climate change 'may end 9-5 workday'; China's e-yuan gains traction; SG wins France's first full crypto licence
Corporates move to diversify FX counterparties following banking crisis
by Ben Poole
88% of US corporates are exploring diversifying FX counterparties, while ESG has grown in importance to the business for 90% in the past year.
US Treasury resurrects one-day bills – Industry roundup: 6 June
by Graham Buck
Australia surprises with rate hike; Hong Kong green bonds raise US$6bn; Japan's tourism revival boosts wages; Vote decides future of UK's CBI
Market has one month left to end of Libor – Industry roundup: 1 June
by Graham Buck
Accord on raising US debt ceiling; Emerging Asia "will be economic powerhouse"; WE Soda's planned IPO boosts London; Australia's minimum wage to rise
Japan’s economy revives after dip into recession – Industry roundup: 18 May
by Graham Buck
Central banks increase use of yuan; BNP Paribas team on US debt ceiling; Kenya fintech M-Kopa raises US$250m; Swan, Citi embedded finance launches
Election uncertainty pushes Turkish lira to record low – Industry roundup: 16 May
by Graham Buck
China opens new Swap Connect prog; Singapore's new anti- crime platform; Thailand's economy buoyant in Q1; Amex closing non-US business FX ops
Cost of US credit default swaps soars – Industry roundup: 11 May
by Graham Buck
HK overnight funding rates soar; Crypto exchange Bittrex files for bankruptcy; Bank opinion divided on ESG; Visa CBDC project aids Brazil’s farmers
Clock ticking for US government debt ceiling rise – Industry roundup: 9 May
by Graham Buck
Malaysia-Indonesia payments link; Europe banks on bigger gas price drop; Apple returns to bond market; Free trade benefits for Africa outlined
The US dollar’s dominance in global trade and finance is steadily declining
by Pushpendra Mehta , Executive Writer, CTMfile
While the supremacy of the dollar won’t end anytime soon, its stranglehold on the global financial system is gradually reducing.
European corporates can expect further rate hikes – Industry roundup: 2 March
by Graham Buck
Ghana misses debt restructure target; Brazil's corporate debt load grows; Saudi Arabia green hydrogen funds; Swaps market ready for Libor conversion
Digital pound “likely before 2030” – Industry roundup: 7 February
by Graham Buck
Roubini predicts challenge to USD; Volatile dollar raises hedging cost; Australia lifts bank rate to 3.35%; Bond scarcity fears in Europe
Managing currency volatility and uncertainty in 2023
by Pushpendra Mehta , Executive Writer, CTMfile
Treasury will have to ramp up automation efforts and take a holistic approach to currency management to prepare for another challenging year.
China to expand digital yuan testing – Industry roundup: 2 February
by Graham Buck
UK issues plans to regulate crypto; Gmail creator sees ChatGPT ousting Google; Eurozone and UK hike interest rates; Raiffeisen earns more from Russia