North American and European corporates reported suffering negative currency impacts in Q4 2016 of $10.47 billion, despite relatively low currency volatility. Even though the overall EPS impact reported by North American companies has declined over the previous six quarters, unprepared corporates have suffered major impacts from individual currencies. For example, the […]
London, Eng., February 16, 2017 — Treasury Management International (TMI) announced today the winners of the annual 2016 Corporate Recognition Award. We would like to congratulate Magnus Attoff, the Head of Financial Risk Management & Operations at Ericsson who won in the Risk Management category. This prestigious award recognizes innovation and excellence in […]
Companies lost nearly $11 billion to currency impacts in the third quarter of 2016, according to our latest analysis of the earnings calls of 1200 publicly traded North American and European companies. A total of 263 companies – 218 in North America and 45 in Europe – reported negative currency impacts. Of the companies […]
2016 has been a year of massive volatility. There’s no indication that 2017 will be any better; in fact, there are many reasons to believe that volatility will get worse.
Our aim here on the No Surprises blog is to offer you actionable steps you can take to reduce the impact of market volatility […]
FiREapps’ CEO Wolfgang Koester was on CNBC this week answering questions about the impact of a strengthening dollar on U.S. and European multinationals, whether a dollar correction is on the horizon, and how a currency surprise from China could shock the market. What’s the solution? A currency analytics platform helps corporations manage the risk […]
It’s been a big week for Europe, but for corporate leaders, the plan of action should be the same.
First up: Italy, where the constitutional referendum lost resoundingly. As he promised he would if the “No” vote won, Prime Minister Matteo Renzi stepped down. Both were largely seen as a victory for the anti-European Union […]
Trump’s Election, the Dollar’s Surge, and the Stock Market’s Rally Do Teach a Lesson: Prepare to Be Surprised
Pundits thought that Brexit taught the world a powerful lesson. And they expected the lesson out of Donald Trump’s surprise election on Tuesday would be the same.
While the British pound fell to a three-decade low after Britain’s vote to leave the European Union, the U.S. dollar rose to an 11-month peak after Trump […]
For Currency Markets, Corporations, and Investors, the U.S. Presidential Election Means One Thing: Uncertainty
Today, we are in the midst of what has been called “America’s Brexit moment.” On both sides, each candidate’s supporters have predicted chaos should the other win. But as with Brexit, it is not as much the outcome that is affecting markets but rather the uncertainty. Uncertainty, as Brexit showed us, wreaks […]
With what is arguably one of the most controversial U.S. elections in recent history coming up, uncertainty has been fairly widespread.
Globally, however, this isn’t the first recent event to garner strong opinions, speculation and preparation for fallout. Three months ago, Brexit— the United Kingdom’s vote to leave the EU— […]
After a volatile 2+ years (9 crises in 9 quarters, directly affecting 8 different currencies), it’s hard to believe that it’s already budgeting time for most companies.
If you’re like most corporates, you’re currently in the process of vetting what you’ll need to be successful as a finance organization in […]