HSBC is offering treasurers self-managed virtual account management capabilities in Hong Kong and Singapore, pipping Citi whose solution only extends as far as Europe
Oil and gas multinational may have changed the transfer pricing landscape for all time. Just because two companies have independent boards, a court decided, doesn’t mean it’s arm’s length.
From a small Hong Kong office, a state-owned giant manages billions that bankroll global energy projects. Now, it's looking at taking its cash-pooling solutions global.
The Japanese company plans to reduce its reliance on bank loans by borrowing from subsidiaries with ample cash in a bid to raise $1.8bln of its $2.7bln funding needs.
With a referendum being held on June 23, a British exit from the European Union is now a distinct possibility. CT asks what the financial impact could be.