With no ready replacement after Libor’s expected demise, what can treasurers expect in terms of a working rate benchmark. CT waltzes you through one option being worked on in Australia.
A platoon of personal shoppers are offering a new option for corporates looking to build their presence in China. But selling via so-called daigou raises several treasury challenges.
Wanda walks away from or restructures huge international property deals and leaves cinema chain AMC Entertainment in the lurch. CT looks at what treasurers in the Chinese M&A space need to know.
The IMF has endorsed the renminbi as a freely usable currency, recognising China’s increased importance in the global financial market. The renminbi’s journey to attaining this status was never straightforward.
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.
Banks disagree on the foreign exchange implications of the PBOC’s announcement of a wider renminbi trading band, but advise SMEs to switch to invoicing in renminbi.