Corporate treasurers and CFOs are backing a weaker renminbi in 2019, betting the People’s Bank of China will weaponise the currency to fight the escalating trade war.
CT takes a look at Cathay Pacific’s 2017 annual report to see how its treasury is dealing with its fuel hedging strategy and how new accounting practices affect the airline.
Automating workaday tasks costs money in the short term and saves money in the long term. Justifying the outlay to a sceptical board must be part of the treasurer’s skill set.
Increasingly, treasurers rely on internal and external systems, and large corporations have expensive, automated TMS. At its heart however is the idea that information means business.
He who doesn’t risk never gets to drink champagne, goes an old Russian proverb. But could you be offering Moet when the board would be just as happy with ginger ale?