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Mexico: New President Pledges To ‘Fix’ Pemex

Global Finance

Factors contributing to the losses included decreased total sales; increased fixed asset deterioration, especially in hydrocarbon processing plants; and losses on foreign exchange. All finances will be concentrated in a single entity: Pemex. In September, Pemex announced a third-quarter loss of 161.5 Pemexs total sales were 7.7%

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China's Central Bank Tells Ant Group To Concentrate On Payments Business

PYMNTS

The Chinese central bank's statement came after it had met with representatives of Ant and regulatory officials from the country's securities, banking and foreign exchange sectors, presented as a Q&A with PBOC vice governor Pan Gongsheng. There weren't many more specifics than that.

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Growth And Restructuring: Q&A With Mongolia’s Central Bank Governor Byadran Lkhagvasuren

Global Finance

The growth outlook for 2024 and 2025 remains favorable, supported by strong external demand and a significant rise in the Oyu Tolgoi mine’s copper concentrate production. GF: Mongolia’s foreign exchange reserves increased last year and external debt was reduced. Byadran Lkhagvasuren: The Mongolian economy grew by 5.6%

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Best Treasury And Cash Management Providers 2024: Systems And Services

Global Finance

Meanwhile, Nordea’s foreign exchange (FX) automation has evolved into a “comprehensive treasury management autopilot” that includes daily FX, FX hedging, and money market products, according to the bank.

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World’s Best Banks 2024: Global Winners

Global Finance

The US Federal Deposit Insurance Corporation’s quick response to the banks’ failures stemmed additional contagion and has left businesses with an object lesson in concentration risk. Scale and automation are critical elements for a sub-custodian to deliver efficiency and security in the settlement process.

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What Investors Need to Know

CFO News Room

In addition, cryptocurrency markets and exchanges are not regulated with the same controls or customer protections available in equity, option, futures, or foreign exchange investing. There is no assurance that a person who accepts a cryptocurrency as payment today will continue to do so in the future.

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Best Treasury And Cash Management Providers­ 2024: Latin America

Global Finance

Despite a generally positive outlook, foreign exchange risks remain. Citi , our Best Bank for Long-Term Liquidity Management, offers cash concentration and pooling that lets clients optimize idle cash across subsidiaries for better returns.