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.
A joint CT CBA poll examines the behaviour of corporate treasury departments throughout Asia-Pacific and finds dependence on counterparty ratings and local treasuries limited by central policy.