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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.
Toshiba’s reform of its audit committee came too late to save the firm’s reputation for fiscal probity. Other Japanese firms need to take note and avoid a similar fall from grace.
British voters have voted decisively to leave the European Union, with markets reacting in predictable fashion. Badly.
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.
PWC ‘s Olivier Grandval, corporate treasury manager at PwC Hong Kong and China, shares his expertise on APAC specific cloud treasury implementations.