OpenTreasury

Pushpendra Mehta meets with Craig Jeffery, Managing Partner of Strategic Treasurer, and Jack Large, Editor of CTMfile, to review the latest treasury news and developments. Topics of discussion include the following: The United Kingdom enters mourning for Queen Elizabeth II, delaying interest rate meetings Australia hikes rates for a fifth month Hedge funds “bet US$37 billion against Italian debt” Emerging markets worried as China’s yuan weakens Recession now expected for Germany in 2023 JP Morgan evaluates shifting its operations from Germany to London due to blackout concerns UK businesses to receive provisional energy relief, but concerns about zero-carbon persist

Pushpendra Mehta meets with Craig Jeffery, Managing Partner of Strategic Treasurer, and Jack Large, Editor of CTMfile, to review the latest treasury news and developments. Topics of discussion include the following: Hong Kong’s key borrowing rate surging to highest level since 2008 Deutsche Bank offering loans to combat energy crisis Spiralling gas prices threatening to trigger European recession Barclays selling remaining shares in South African lender Absa Standard Chartered focusing on Singapore’s retail segment, rolling out digital-only bank Banco Santander partnering with Trovata US companies expecting to spend more to drive productivity despite inflation US government restricting chip exports to China and Russia, sending semiconductor stocks tumbling

Pushpendra Mehta meets with Craig Jeffery, Managing Partner of Strategic Treasurer, and Jack Large, Editor of CTMfile, to review the latest treasury news and developments. Topics of discussion include the following: The US and China ending a dispute that threatened to boot Chinese companies from US stock exchanges Euro slumping to two-decade low The US Federal Reserve (Fed) indicating and sticking to rate-hiking message The UK National grid wargaming for winter disaster on energy supplies Shell CEO issuing dire warning as Europe faces ‘really tough’ winter Growing exodus of Hong Kong residents shrinks the city’s workforce

Pushpendra Mehta meets with Craig Jeffery, Managing Partner of Strategic Treasurer, to review the latest treasury news and developments. Topics of discussion include the following: Russia offering SCO countries connection to its version of SWIFT Multinational companies developing contingency plans in the event of a US-China military conflict UBS investing in BigPanda, an American AI company Lending rates lowered again in China BlackRock warning Wall Street watchdog that new ESG rules could harm investors Drought hurting China’s economy The Rhine shrinking, adding to Germany’s ongoing economic woes

Pushpendra Mehta meets with Craig Jeffery, Managing Partner of Strategic Treasurer, and Jack Large, Editor of CTMfile, to review the latest treasury news and developments. Topics of discussion include India swapping the dollar for Asian currencies to pay for Russian trade; China’s economy slowing, prompting unexpected interest rate cuts; Citi announcing new sustainability-linked time deposit solution; Iran placing its first ever import order using cryptocurrency; and the growing threat of deepfake technology to an organization’s finances, brand and executive reputation. India foregoes the US dollar in trades with Russia China's economy takes a downturn due to pandemic outbreaks and fragile property market Citi introduces a deposit solution based on sustainability Iran places its first cryptocurrency import order Deepfake technology poses security and reputational risks for CEOs, CFOs and treasurers

Pushpendra Mehta meets with Craig Jeffery, Managing Partner of Strategic Treasurer, and Jack Large, Editor of CTMfile, to review the latest treasury news and developments. Topics of discussion include the following: Carry traders “use weak euro to win in emerging markets” Turkey’s inflation surge drives company debt to distressed level UK business insolvencies reach an all-time high Growth in same-day ACH propels the ACH Network to 2Q profits American Express introduces a digital, cross-border payment solution for small businesses in the US TD Bank nears US $1bn deal to buy investment bank Cowen Global Payments to acquire EVO for $4 billion to help expand its B2B business UK faces the highest rate of card fraud in Europe Mobile Security Index 2022: more companies experiencing mobile-related compromises  

Pushpendra Mehta meets with Paul Galloway, Senior Advisor at Strategic Treasurer, and Jack Large, Editor of CTMfile, to review the latest treasury news and developments. Topics of discussion include the following: Strong dollar wipes billions of corporate America’s earnings https://ctmfile.com/story/strong-dollar-wipes-billions-of-corporate-americas-earnings Venture capitalists continue crypto investments – Industry roundup: 27 July https://ctmfile.com/story/venture-capitalists-continue-crypto-investments-industry-roundup-27-july US rate hike adds to pressure on central banks – Industry roundup: 28 July https://ctmfile.com/story/us-rate-hike-adds-to-pressure-on-central-banks-industry-roundup-twenty-eighth-july Yellen backs ‘friend-shoring’ to bolster supply chains – Industry roundup: 21 July https://ctmfile.com/story/yellen-backs-friend-shoring-to-bolster-supply-chains-industry-roundup-twenty-first-july   Debate heats up on privatising India’s banks   https://ctmfile.com/story/indias-banks-time-to-privatise-industry-roundup-twenty-sixth-july   Working Capital Survey 2022: Companies need to prepare for tighter liquidity https://ctmfile.com/story/working-capital-survey-2022-companies-need-to-prepare-for-tighter-liquidity   SWIFT tasked with new cross-border payments challenges – Industry roundup: 29 July https://ctmfile.com/story/swift-tasked-with-new-cross-border-payments-challenges-industry-roundup-29-july The digital transformation of the global payments landscape: key components and markets https://ctmfile.com/story/the-digital-transformation-of-the-global-payments-landscape-key-components-and-markets

Pushpendra Mehta meets with Bob Stark, Global Head of Market Strategy at Kyriba, and Craig Jeffery, Managing Partner of Strategic Treasurer, to review the latest treasury news and developments. Topics of discussion include the following: Australia’s central bank signalling series of interest rate hikes to combat inflation European Central Bank’s first interest rate increase in 11 years Planned corporate bond deals increasingly being called off as cheap funds end US not prohibiting agricultural commodities from Russia Payments sent using Zelle surpassed checks written by Bank of America customers in 2021 Juniper Research predicts total number of tokenised payment transactions worldwide will exceed 1 trillion by 2026 BNP Paribas entering the crypto custody space The US Securities and Exchange Commission working to register crypto lending firms

Pushpendra Mehta meets with Craig Jeffery, Managing Partner of Strategic Treasurer, and Jack Large, Editor of CTMfile, to review the latest treasury news and developments. Topics of discussion include the following: Bank of Canada’s shocking 100 basis points rate hike to tame inflation China’s slowing economy U.S. inflation accelerating to a fresh 41-year high European Central Bank rolling out new bond instrument to contain the spread on Italian debt Risk management processes in U.S. corporations not keeping pace with growing risks Ransom payments rising as ransomware remains cybersecurity’s biggest challenge Citigroup’s Treasury and Trade Solutions (TTS) business posting a 33% jump in revenue

Pushpendra Mehta meets with Craig Jeffery, Managing Partner of Strategic Treasurer, and Jack Large, Editor of CTMfile, to review the latest treasury news and developments. Topics of discussion include the following: Bank of England’s warning on commodities China considering stimulus Evergrande Group on the verge of a landmark onshore default Euro sliding to a 20-year low HSBC looking to sell Russian business to Expobank Venture capital investments in embedded finance doubling in 2021 The European Central Bank’s confirmation of TARGET2-Securities (T2S) platform Denmark’s central bank questioning the motivation for adopting CBDC FT alleging Wirecard forged client details for investment from SoftBank Juniper Research estimating online payment fraud losses to exceed $343 billion by 2027