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Russia Sanctions Scupper US$2bn Rosneft Deal with Vitol - 21 August 2014

A planned US$2bn deal between Russian state oil group Rosneft and Vitol, the world’s largest independent oil trader, has been scrapped as Western nations step up economic sanctions against Russia, according to the Financial Times ...

Singapore Skills Shortage Drives up Salaries - 21 August 2014

A drive for local talent mandated by the Singapore government has created a candidate-driven employment landscape and domestic wage inflation, according to the 2014 Mid-Year Market Update issued by recruitment firm Robert Walters ...

Standard Bank Offers Insights on African Corporate Borrowing - 21 August 2014

South African corporate borrowing is being driven through expansion into Africa coupled with refinancing activities, especially as a slower domestic economy curbs the need for bank loans and bond issuance required for local expansion, according to Standard Bank ...

US Industry Chief Says Payments Firms Warming to Bitcoin - 20 August 2014

Virtual currency Bitcoin’s perceived benefits as a more efficient, less costly alternative to traditional payment options have caused many to view incumbent payment service providers (PSPs) as antiquated competitors ...

TIPCO Signs Cooperation Agreements - 20 August 2014

Austria’s TIPCO, a specialist in the area of treasury reporting and forecasting systems, has entered into several cooperation agreements that includes one with international treasury management (TMS) system vendor Reval ...

Cyber Attack Risk ‘Could Derail M&A Boom’ - 20 August 2014

The collapse of five proposed mega-deals on August 5, for reasons ranging from a lack of board engagement to excessive regulatory interference, was “one of the darkest days for mergers and acquisitions [M&A] in Wall Street history” ...

Study Identifies Trends Affecting Australian and NZ Treasuries - 20 August 2014

As security concerns and the need for additional resources continue to drive IT investment for treasury functions, a study by SunGard and the Finance and Treasury Association in Australia has identified that 48% of Australian and New Zealand treasury systems are cloud-based ...

Axletree Achieves Premier Certification from SWIFT - 19 August 2014

Bank communication and treasury automation provider Axletree Solutions has become the first service bureau in the Americas to receive SWIFT’s highest certification level, the Premier Operational Practice certification ...

ADB: Climate Change Threatens South Asia’s Economy - 19 August 2014

The adverse effects of climate change threaten to cut up to 9% off the South Asian economy every year by 2100 if the world continues on its current “fossil-fuel intensive path”, the Asian Development Bank (ADB) has warned ...

More Singapore Companies are Late Payers - 19 August 2014

Fewer companies in Singapore settled their payments on time in the second quarter of 2014, according to a study released by Dun & Bradstreet (D&B) Singapore, which cited slower economic growth as a contributing factor ...

Scottish Independence ‘Would Create Pension Scheme Challenges’ - 18 August 2014

A vote for an independent Scotland that is no longer part of the United Kingdom in next month’s referendum may call into question the continued viability of defined benefit (DB) pension provision and present challenges to businesses and pension schemes, according to Buck Consultants at Xerox ...

Thomson Reuters Report Examines Links in Illicit Activity - 18 August 2014

A newly-published study issued by Thomson Reuters in conjunction with the United States Military Academy’s (USMA) Combating Terrorism Center at West Point, New York looks at the interrelationship between illicit activity in economic and political arenas ...

Study Indicates FX Wallet Share Under Pressure - 18 August 2014

Global banks and providers of foreign exchange (FX) services in the mature western markets of the US, the UK and Canada are struggling to maintain their share of the customer wallet, with business FX users increasingly using multiple providers reports East & Partners ...