It’s annual report time and companies like the British pharma giant are setting out the multimillion-dollar impact business events such as Brexit could have.
By killing its Excel-based accounting model for FX transactions, the Indian FMCG group has saved both time and the money lost through costly human-based errors.
Cash pooling, FX and interest rate hedging are to be spared the tax rod after the US Treasury reportedly agreed to create a safe harbour for these activities.
At CT’s Shenzhen-based treasury conference, the central banks of Hong Kong and Singapore outline their treasury centre strategies for China’s aspirational corporates.