Survey has Hong Kong favourite for regional treasury centres
by Graham Buck
China’s booming economy and HK’s proximity to the mainland have helped it achieve prominence, reports East & Partners.
Region
Banks agree $2bn loan for Vietnam coal-fired power plant
by Graham Buck
JBIC leads the consortium that will fund a project that breaches international agreements to phase out fossil fuels.
Amazon Pay enters India’s P2P payments market
by Graham Buck
Despite an already crowded market, the online giant believes that the country still lacks an efficient money transfer service.
Stripe’s billing product makes debut in Europe
by Graham Buck
The US online payments platform provider says that Stripe Billing can help European businesses of all sizes get paid faster.
Equifax buys PayNet, pledges innovative solutions for SMEs
by Graham Buck
The US data analytics and tech company says the deal should produce better access to capital for small to medium-sized businesses.
Deutsche Bank and Commerzbank abandon merger talks
by Graham Buck
After nearly six weeks of negotiations, Germany’s two biggest banks decided the risks and costs of a union were excessive.
Samsung ‘developing own blockchain network’
by Graham Buck
The South Korean electronics group is reportedly working on several projects based around the new technology.
Lack of finance ‘costs UK auto firms £25bn in lost revenue’
by Graham Buck
Mid-sized automotive manufacturers are held back due to lack of access to funding, claims a Wyelands Bank study.
Treasury consultant Zanders expands with two Nordic offices
by Graham Buck
The Dutch finance and treasury consultancy marks its 25th year with new office openings in Denmark and Sweden.
Hungary’s central bank aims to boost corporate bond market
by Graham Buck
The National Bank of Hungary’s deputy governor wants to double or even triple its size.
UNCTAD launches network to connect women e-commerce leaders
by Graham Buck
The UN Conference on trade and development wants to raise their profile and maximise opportunities in the digital economy.
Saxo Bank warns of European economic headwinds
by Graham Buck
In its outlook for Q2 of 2019, the Danish online trading specialist sees the next two years as crucial for Europe’s evolution.
APEXX global payments marketplace launches in Russia
by Graham Buck
The single marketplace for global payments announced that Russia’s three largest banks are now part of its network.
Australian SMEs stall on hiring, investment as election nears
by Graham Buck
A survey suggests that concerns over the outcome of the federal election, likely to take place in May, is delaying business decisions.
Regulatory headaches move to top of treasury risk agenda
by Graham Buck
A survey conducted in North America and Europe suggests that it has become a bigger worry than trade disputes and fraud.
JP Morgan Chase opening 90 new US branches this year
by Graham Buck
The banking giant aims to step up competition with rivals Bank of America and Wells Fargo.
Europe’s PSD2 ‘could re-direct fraud to other regions’
by Graham Buck
The European Union’s stricter requirements for prevention could result in more fraud in the US and elsewhere, claims a report.
UK considers new options for infrastructure funding
by Graham Buck
Chancellor Philp Hammond said the consultation will look at how to support investment after the UK loses EIB financing.
China poised to overtake the US in digital payments
by Graham Buck
The world is fast adopting digital payments, despite a continuing fondness for old methods such as cheques in the US.
Worldpay reports ‘complex landscape’ for payments
by Graham Buck
Winners will be companies that can offer the right mix of payment options, says the group.
UOB offers working capital funding for Thai SMEs’ digitisation
by Graham Buck
The Singapore banking group’s smart business transformation programme aims to support Thailand’s smaller businesses.
UK ‘must maintain anti- money laundering drive’
by Graham Buck
Companies must not relax their AML standards post-Brexit to secure trade deals, says the Treasury Committee.
UK to stay in SEPA regardless of Brexit outcome
by Graham Buck
The European Payments Council agreed that the UK will remain a member of the single euro payments area.
China eases foreign exchange controls
by Graham Buck
The move is the latest in a slow but steady policy of economic liberalisation - although not for the property sector.