Corporates
Asian corporates bullish on euro and sterling
Research by East & Partners shows a bullish case for EUR/USD and GBP/USD from business across Hong Kong, Singapore, Malaysia and the Philippines
India’s public-sector corporations adopt Bloomberg FXGO
Firms include Gas Authority of India, Rural Electrification Corporation and ONGC Videsh
e-FX Awards: HSBC – Best e-FX Platform for Corporates
The banking giant now has the institutional space in its sights with e-FX platform Evolve
Algo trading increasingly attractive to corporates, says Greenwich report
While the number of corporates using algos slightly increased in 2016, a significant boost in usage came from earlier adopters
Simple tax cuts best for dollar, says CBA
If Trump is able to slash corporate tax rate to 15% and achieve income tax cuts along with infrastructure spending, then the dollar and the economy will see a boost
Currency headwinds cost companies $11bn
North American firms report more losses than their European counterparts, but the amount is falling
Fewer US companies hedging currency risks
It appears global uncertainty is adding to corporates’ forecasting challenges
Businesses see spot FX volumes fall 42% in four years
Research by East & Partners shows a decline in contributions to the FX spot market, particularly from Australian firms
HSBC: global acceptance of redback is rising
Figures come from the bank's 2016 renminbi internationalisation survey, conducted with 1,600 corporates across 14 countries
China’s FX reform hit treasurers the most – JP Morgan survey
Senior financial executives from more than 100 global and regional corporates responded at Asia-Pacific Treasurers Forum
BIS: EM central banks up FX intervention to preserve stability
Maintaining financial stability shown to be increasingly important for EM central banks operating in FX markets
Corporates expect long-term negative impact of Brexit
45% of corporates domiciled in continental Europe believe Brexit will have a negative impact; with almost 30% of their UK counterparts sharing the sentiment, says a survey by Greenwich Associates
360T partners Bellin to offer trade-confirmation service
A single access point where corporate treasuries and banks can automate the exchange and management of deal confirmations
Corporate FX deals up 102% since UK referendum
UK exporters benefit from the weaker pound, according to in-house data from Moneycorp
Premier League clubs hope to net sterling rebound
Paul Pogba's move to Manchester United only broke the world record because of the weaker pound
Corporates caught out by Brexit and aftermath
Firms, especially new multinationals, are encouraged to bring in FX exposure talks at the due diligence stage
Kantox sees $100 million of trades since API launch
This increases the total worth of transactions on the platform to $3.2 billion since 2011
Bank e-FX Initiative of the Year: DBS Bank
"The idea is that any customer from Europe or the US can use DBS as a one-stop convenience bank for Asia" – Peter Soh
Best e-FX Platform for Corporates: 360T
360T says it understands corporates have peculiar needs and it remains focused on delivering solutions to meet them
Corporate treasuries are starting to feel capital cost pain
After years of stable IRD usage, corporate hedging is getting more expensive and even clearing may not help
Corporates explore new risk management paths
Understanding and resolving internal issues comes to the fore
Saxo Payments offers corporate access to real-time FX trading
Banking Circle Real-time FX promises to eliminate the need to turn to banks for foreign exchange trading or payments
Corporates must bridge internal gap to manage FX risks
With earnings battered by volatility, company treasurers and boards need to see eye to eye
Xignite aims to stabilise corporates' FX data sourcing
The data provider will supply FX rates to customers on Oracle Marketplace to enable more accurate global financial reporting