The dollar-yuan exchange rate - now at its lowest in more than a decade - highlights the need for businesses with exposure to the Chinese currency to either fortify their positions ... or just take it on the chin
The intensifying spat between the US and China could push refinancing costs sky high for corporates in Asia-Pacific heavily exposed to the dollar, S&P Global Ratings warns.
Global body for securities regulators say local market participants may stop dealing with entities considered 'US persons' in swaps market as complex rules kick in. One treasurer says the shift has already begun.