EuroFinance’s top articles of 2022
We have compiled a top five list of the most-read EuroFinance news articles from 2022 so far, as ranked by unique user views from our global corporate treasury community.
1) European airlines gain €5bn from hedging as oil prices soar after invasion of Ukraine
Top European airlines that locked in prices of fuel for 2022 now have $5bn in mark-to-market gains as sanctions on Russia drive the rally in oil prices.
2) Inflation and the corporate debt hangover
After the binge comes the hangover. Non-bank companies increased their debt by a net amount of $1.2 trillion between the start of the pandemic in March 2020 and the end of February 2022, according to a Risky Finance analysis based on Markit iBoxx data. With central banks backstopping the corporate bond market, much of this borrowing was used to reward shareholders via dividends, share buybacks or M&A deals.
3) Consumer & Industrial giants grow inventory, extend payments as supply problems worsen
Two months ago, treasurers boasted about how their technology initiatives were driving working capital efficiencies amidst supply disruptions. Now, Russia’s invasion of Ukraine is reversing those gains as it piles new troubles onto consumer and industrial multinationals.
4) Africa: access to finance ‘a challenge’
The demand for trade finance and working capital is growing across the continent as economies start to recover from the ravages of the Covid-19 pandemic.
5) European automakers ramp up renminbi hedges as Russia threats mount
Europe’s automobile giants, Volkswagen, BMW, Mercedes-Benz and Stellantis boosted foreign-exchange hedging in 2021, mainly the Chinese renminbi as they anticipate selling more cars in China, their largest export market.