After the State Bank of Vietnam’s (SBV) devaluation of the dong on January 7, CT asks FX strategists what similar FX moves Asia-Pacific treasurers should look for in 2015.
CT's Working Capital Chronicle has been updated. New deals include: Singapore Airline's new FX payments facility; Toyota's new derivatives reporting platform; and LyondellBasell Industries' cash management solution.
Banks disagree on the foreign exchange implications of the PBOC’s announcement of a wider renminbi trading band, but advise SMEs to switch to invoicing in renminbi.
Standard Chartered Bank has arranged a 10-year fixed renminbi cross-currency swap based on Hibor for an undisclosed client, highlighting the rapid development of the offshore renminbi market.
Japan’s parliament has approved two new nominees to the Bank of Japan, Nomura's Takahide Kiuchi, and Morgan Stanley MUFG Securities' Takehiro Sato. Both are favourable to monetary policy easing.
Vietnam’s balance of payment surplus soared past the $2 billion mark in first quarter 2012. This compares to the $126 million deficit it posted the same period last year. The news augurs well for the stability of the ...