Treasury

US president Donald Trump is causing chaos this week across global markets with a spate of tariffs set to take effect in the US on April 2, against a wide range of goods; Goldman Sachs is predicting an extra US rate cut this year, amid stagflation fears.

The agreement is part of a total package of $306m which will help provide funding for business loans and for financing electric vehicles; MSMEs contribute to 30% of India's GDP and employ over 120 million people, including female entrepreneurs.

The window left for negotiation remains key for the market to understand the impact of tariff policies, according to experts speaking at HSBC’s summit in Hong Kong this week; overnight the White House has announced 25% tariffs on cars from April 3 and car parts from May 3.

The pharmaceutical firm expects its workforce in Beijing to grow to 1,700 employees and is launching a JV with BioKangtai to help make vaccines; there is also investment into AI.

The bank's regional Apac co-head of trade finance has said he is leaving to take a break; Aditya Gahlaut, has started as regional head, Asia, global trade solutions, at HSBC; the bank has also made changes in its regional payment leadership team.

PGIM research challenges the idea that globalisation has been derailed, despite tariffs ramping up.

While wider migration has been adopted across banks, corporate clients are being encouraged to follow suit to create a standardised payment ecosystem.

The money raised from the 3.5% notes, due in 2030, will go towards the data infrastructure firm's green projects such as energy efficiency at its data centres across Apac; DBS, Standard Chartered, HSBC and OCBC helped secure the bond.

Jennifer Barker, global head of treasury services and depositary receipts at BNY, recently discussed cross-border and instant payments, collaboration, Swift, AI, trade finance, and more, with CT.

Retail sales and industrial output have beaten expectations for January and February, as China's leadership eyes 5% GDP growth again; meanwhile global suppliers are showing optimism for the year ahead, according to a survey.

Multiple payment fintechs have announced expanded offerings across Apac, reflecting a growing cross-border payment space that might challenge traditional players, especially for SMEs.

Nathan Goonan will replace Michael Rowland at Westpac, with Shaun Dooley set to step in as acting CFO at NAB.