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.
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.
It's was well covered in the British press, but it is worth highlighting how a volatile currency can cause misery when selling or buying a foreign business.
RBS executives in Asia plan to encourage non-core transaction banking clients to transition to HSBC as part of its broader exit from the market, CT has learnt.