China slowdown is now top concern of Asian treasurers
It replaces currency turmoil as the single largest worry, says JP Morgan survey
Singapore
CHINA'S economic slowdown has replaced foreign exchange volatility as the single largest concern for company treasurers in the Asia-Pacific region, according to a survey by JP Morgan.
Companies are also less concerned about interest rates, and most plan to use excess cash for strategic purposes, JP Morgan found in its twice-yearly survey of treasurers.
China's downshifting economy, which is expected to grow at around 7 per cent in 2015 from double-digit expansion in previous years, was cited by 48 per cent of respondents in the October surv…
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
FTSE 100 hits record high on big mining M&A, earnings push
Hermes Q1 sales jump 17% on strong China demand
AstraZeneca leaps after smashing Q1 forecasts
LSEG reports in-line first quarter as Microsoft partnership progresses
Japan brokerage Daiwa’s Q4 profit more than doubles as markets recover
Sanofi Q1 profit slips on generic competition, forex effects