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Companies in financial distress could find their debt restructured and even see their business palmed off to private equity firms if they continue to fail to meet bank obligations, according to Korea’s financial ...
HK conglomerate announces a series of finance director changes at subsidiaries. Meanwhile Cathay Pacific, in the spotlight over hedging losses, names a new CEO.
Toshiba’s reform of its audit committee came too late to save the firm’s reputation for fiscal probity. Other Japanese firms need to take note and avoid a similar fall from grace.
Trafigura, Natixis, and IBM launch new blockchain ledger geared for crude oil trade finance. They say every party in the payment ecosystem will be able to access it and benefit from the technology
With a simple tweak to its deposit management, the Indian FMCG has potentially added almost $40,000 to the bottom line.
After the successful launch of its RTC, the CFO of the frozen food company believes the creation of a shared services centre is the next logical step.
With virtual accounts, the Indian FMCG has automated a key aspect of its payments process to distributors. Time saved is equivalent to three hours a day.
Malaysia’s PM promises to deliver some ‘liberalisation’ in the domestic FX market in the future, months after the country banned the offshore NDF market. But the lack of detail is disappointing.
Most airlines hedge fuel expenses. This time, Cathay Pacific failed to predict oil would stay cheap. It is not alone in making this call ... and it wasn't necessarily wrong.
MNCs in Vietnam have received clearer guidance on transfer pricing compliance but putting them into practice will be challenging.