Treasury lessons from LME nickel turmoil
June 15th 2022On 4th May, auto giant Volkswagen bragged to shareholders about a €3.8 billion fair value gain...
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Browse topics and content
Hedging provides a $2bn relief to Asian Airlines against rising fuel prices
June 7th 2022
Top Asia-Pacific airlines which locked in prices of fuel earlier this year are sitting on a fair value gain of $2 billion as crude oil tops multi-year highs.
US consumer giants suffer $4bn headwind as the dollar strengthens
May 31st 2022
Treasurers at US consumer multinationals with high foreign currency exposure added $9.1bn of FX hedges as accelerating dollar weighs on earnings.
Supply squeeze hits automaker working capital
May 17th 2022
VW, BMW, Ford are taking longer to convert cash as escalating supply chain disruptions force them to hold unfinished products and hoard raw materials.
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EuroFinance’s top articles of 2022
June 21st 2022 NULL
European multinationals hunt for yield as cash balances surge
May 24th 2022
With the ECB maintaining negative deposit rates until September, treasurers continue using derivatives to boost returns on expanding European cash piles.
US tech giants sold bonds as yields soared
May 10th 2022
Led by Amazon, six largest technology companies reduced their bond portfolio by $37.3bn in the first quarter as yields rose ahead of Federal Reserve plans to unwind its $8.4 trillion portfolio
Consumer & industrial giants grow inventory, extend payments as supply problems worsen
May 3rd 2022
As the Russia-Ukraine war exacerbates supply issues, corporates including 3M, GE, PepsiCo, Kraft Heinz struggle to reduce working capital and accelerate cash conversion
Treasurers pull back deposits at top US banks as rates rise
April 26th 2022
Corporate clients withdrew $70bn in deposits from JPMorgan, BofA, Wells Fargo and Citigroup amid Federal Reserve rate hikes and plans for quantitative tightening
European corporates gain €3.8bn from hedging as commodity prices soar
April 19th 2022
Hedges amassed in 2021 provide a €3.8bn relief to European automobile and consumer goods multinationals but that protection will fade as hedges expire and costs of new ones catch up with today’s prices
US travel & leisure companies in the front line as interest rates rise
April 12th 2022
Already burdened by debt expense, US travel & leisure companies are expected to pay an additional $785mn in interest expense in 2022 as rates rise.
EuroFinance International Treasury Management returns to Vienna featuring keynote speakers, Guy Verhofstadt and Göran Carsted
April 6th 2022 string(150) "Already burdened by debt expense, US travel & leisure companies are expected to pay an additional $785mn in interest expense in 2022 as rates rise. "
European corporates unwind pandemic cash piles to reward shareholders and repay debt
April 6th 2022
Top EuroStoxx 50 companies are using their cash holdings built during the pandemic to pay down debt, boost dividends and repurchase stock in 2022