For the second month in a row, renminbi (RMB) payments volumes fell, according to SWIFT. The RMB lost two places since September, against the South African rand and New Zealand dollar, to become world payments currency number 17 in October.
This is not a stellar performance for an emerging currency/economy, it might challenge some analysts’ predictions that the RMB will be a top three currency by 2015. Although volumes overall are down, there is significant RMB usage and increase with Taiwan, Russia, Indonesia, and Philippines.
These observations are based on actual payments going over the global SWIFT network between October 2010 and October 2011.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.