Multiple payment fintechs have announced expanded offerings across Apac, reflecting a growing cross-border payment space that might challenge traditional players, especially for SMEs.
US inflation was lower than expected in February; the 2.8% read came as the US introduced global 25% tariffs on steel and aluminium imports; and then the EU and Canada retaliated; in Apac, Australian and Korean steelmakers are most at risk.
US president Donald Trump appears to be moving ahead with tariffs on Canadian and Mexican goods, and additional tariffs on China. China has since placed retaliatory tariffs on many US products including soybeans, chicken and dairy products, of up to 15%.
Debt capital markets’ traditional resistance to change continues to hold back deployment of blockchain technology in terms of both bond issuance and post-trade processing.
ICD in partnership with CorporateTreasurer is conducting a survey to examine the impact of economic and geopolitical challenges on the way treasury departments function in key markets across the Asia Pacific region.
Generative artificial intelligence could be used for cash flow forecasting, cash positioning and market risk management, treasurers suggested in a survey.
After a 9% decline in Apac M&A, excluding Japan, in the first nine months of 2024, a rebound is on the cards over the next 12 months as firms look to innovate and sentiment improves.
Overall there was a small increase in the last financial year with Japan improving, but many markets such as Hong Kong, Thailand, India and Australia heading in the wrong direction.