Europe’s banks are challenging the challengers - Industry roundup: 19 February
by Ben Poole
North American companies hit by US$30bn currency impact; Federal Reserve Board releases the hypothetical scenarios for annual stress test.
News
EBITDA margins could shrink over 30% by 2027 - Industry roundup: 16 February
by Ben Poole
Fed’s Barr moves to calm banking fears; US same day ACH surpasses 3 billion payments; Taulia and IFC build sustainable SCF programmes.
Japan and UK economies slip into recession – Industry roundup: 15 February
by Graham Buck
Uber plans US$7bn share buyback; Delivery Hero reassures on debt; Barclays exits new oil and gas projects; Standard Chartered bullish on China
Number of UK firms setting ESG targets up 48% in two years - Industry roundup: 14 February
by Ben Poole
US annual inflation higher than expected in January; Tunisia joins Pan African Payment and Settlement System.
Mexico usurps China as biggest exporter to the US – Industry roundup: 13 February
by Graham Buck
Global trade resilience expected; Body Shop UK to appoint administrators; Economic decoupling underway, says BofA; Digital rupee reaches next stage
Corporates need more education on the FX Global Code
by Ben Poole
The Code seeks to promote the integrity and effective functioning of the wholesale FX market.
Most finance chiefs preparing for greater regulatory scrutiny in 2024 - Industry roundup: 12 February
by Ben Poole
Barclays to acquire Tesco’s retail banking business; UK starting salary inflation softened to 34-month low in January; HSBC partners with Google Cloud
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.
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.
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
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.
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
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.
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.