Corporates
Australian corporates pessimistic on Aussie
A survey by East & Partners shows Australian corporates preparing for their country's currency to weaken
LBC selects Bloomberg’s FXGO for treasury
Philippine logistic company eyes further expansion and looks for seamless trade execution
Crown Agents Bank launches FX trading platform
UK-regulated bank provides a link between developing markets and OECD governments, financial institutions, NGOs and corporates
Salmon warns of algo risks
BoE's Chris Salmon cautions against lack of transparency brought in by automated high-frequency trading
GE’s FX managing director retires, launches advisory
As banks downsize their sales teams, David Rusate is looking to lend his currency expertise to small- to medium-sized firms
Northern Trust: algos give power to clients
The release of an FX algorithm suite in June ushered in a new era for the custody giant
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