Search results for

Teekay Shipping, the world's largest operator of midsized oil tankers, has selected the XRT Enterprise Suite (XES) to centrally manage its global treasury operations, including cash, liquidity and risk.

It is important to be punctual for business meetings in The Netherlands,

Over two thirds of FTSE 350 businesses expect an increase in UK M&A activity over the next six months, according to a new survey by PricewaterhouseCoopers, with a fifth predicting a major rise in their sector and just 10% foreseeing a decline in deals. Underlying the predicted increase in M&A is renewed corporate confidence, with 73% of respondents saying they would be confident to undertake a major acquisition in the next six months. More than half of the companies surveyed, however, would not be confident about making a major disposal, with over half citing concerns over valuation as the main reason.

OpenPages, the leading provider of enterprise governance, risk and compliance management (GRCM) solutions, today announced that Coca-Cola HBC (CCHBC) has selected OpenPages Sarbanes-Oxley Express (SOX Express) for its Sarbanes-Oxley compliance initiatives.

BearingPoint, the US consultancy and outsourcing firm, has appointed Oracle CFO Harry You as its new CEO, in a bid to show its commitment to control and transparency and ward off a potential downgrade from Moody's. BearingPoint chairman Rod McGeary said You's background in corporate finance would help the company "to put issues of control and transparency to rest once and for all."

Danfoss, an international group based in Nordborg, Denmark, has implemented SunGard's AvantGard-ETX to provide secure real-time connectivity to its banks, Citibank, Danske Bank and Deutsche Bank.

The Global Corporate Treasurers Forum, May 11-13 2005 in San Francisco, will bring together over 150 of the worlds senior ranking treasurers and officials to explore best practices for managing an International Treasury.

BearingPoint, one of the world's largest business consulting and systems integration firms, has issued a white paper, "Seven Pitfalls In Basel II Operational Risk Implementation," detailing the steps companies need to avoid in complying with the still-evolving requirements of Basel II.

Corporate treasurers across the land could be forgiven for heaving a collective sigh of relief at news that Senator Paul Sarbanes, the longest serving senator in Maryland history, has announced he will not seek re-election to a sixth term in 2006.

J Sainsbury, the UK supermarket operator, has appointed 38 year-old Darren Shapland as its new finance director. He joins from carpet retailer Carpetright where he has been group finance director since 2002. Sainsbury's CEO Justin King said: "He has excellent experience in the retail sector and has undertaken a number of hands-on and broad financial roles."

Telecom Italia today successfully concluded the bookbuilding and setting of conditions for a fixed-rate benchmark 50-year bond issue, offered to institutional investors, for a total of €850 million.

CFOs are forecasting a 13% increase in capital spending over the next 12 months. Even though they expect long-term interest rates to rise, they are not worried about the effect on their business. According to the first quarter "CFO Outlook Survey," conducted by Financial Executives International and Baruch College's Zicklin School of Business, CFOs rate their optimism on the economy at 71 out of a possible 100 and their optimism about the financial prospects for their company at 75. Both numbers have been within a two-point range of these rates for the past four quarters.