Thomas Tan, CIMB global sales, FX and transaction head offers advice to companies considering billing in local currencies to obtain better trade terms and improve group-wide hedging strategies.
Siemens, Alibaba, Huawei and ZTE are all in the second batch of SAFE’s pilot for cross-border FX cash sweeping, netting and centralised payments transactions, CT has learnt.
RBS and Bank of China announced their first commodity transaction using the Bolero electronic trade finance platform, following deals executed by Japan’s Mizuho Bank in March and China CITIC Bank last November.
AirAsia Berhad named Vijay Gopalan as chief financial officer of AirAsia India on August 19, in a move aimed at bolstering the management of its new joint venture with Tata Group and Telestra Tradeplace.
American scalable storage and data security firm Imation Corporation has sought a back-up liquidity line of 2 billion yen ($20 million) for its Japanese unit from GE Capital, based on the latter’s accounts receivable ...
German car parts and tyre maker Continental has joined the club of multinationals approved by China’s central bank to transact renminbi intercompany loans out of China.
Rodney Olsen, APAC CFO of Kimberly-Clark, on how the maker of Kleenex’s finance team joined forces with marketing to rollout True North, its global FP&A initiative.