The bank has moved $900 million across borders at lightning speed since tapping Ripple's blockchain solution. Its transaction services chief tells CT how, and details the limits of the system.
New renminbi rules will reduce the cost and risk of hedging, to the benefit of treasurers. China’s regulator is making the changes to slow the currency’s appreciation.
With as many as 700 companies – including multinationals – paying no Australian tax at the end of 2017, the government announces tighter laws around foreign trusts.
In an attempt to fix naked malfeasance, the latest ticket from China’s banking regulator will keep banks on the straight and narrow. That will help higher-rated borrowers.
Bitcoin, Etherium and even Air Miles are all forms of non-sovereign assets. In a region famous for its forex controls, will the cryptowallet soon be used to pay suppliers?
In an effort to reduce reliance on US dollars, Southeast Asian neighbours launch new framework to facilitate corporate access to all three currencies in their local market