Western Union Offers Webinar for Businesses to Better Manage Currency Risk
November 14 2011 - 7:00AM
Business Wire
The Western Union Company (NYSE:WU), a leader in global payment
services, today announced that Western Union Business Solutions
will sponsor a free webinar on China’s changing role in global
financial markets. The event will be held Nov. 17, 2011 at 1 p.m.
ET, and focus on the profound changes that are occurring within
China – and the strategies that businesses in North America can use
to manage the risks and opportunities being created. To register,
go to WEBINAR | China: Looking the Gift Dragon in the Mouth
After four decades of spectacular growth, China has become one
of the world’s largest economies and a vital link in the global
marketplace. In many ways, this growth has been an invaluable gift
for US businesses, helping to reduce supply chain costs and greatly
expand international markets. The webinar will address the evolving
balance of power between the major economies, from a currency
trader’s distinctively independent perspective. Leading the webinar
will be:
- Karl Schamotta, Senior Market
Strategist at Western Union Business Solutions
- Ellen M. Heffes, Editor-in-Chief
Financial Executive magazine at Financial Executives
International
Mr. Schamotta and Ms. Heffes will discuss:
- Changes occurring within the Chinese
economy in a historical context
- Fundamental realities hiding behind
China's unprecedented rise
- China's recent impact on the global
financial markets, and how this is beginning to change
- Tactics and strategies that firms can
use to manage currency risk and harness the opportunities generated
in this environment
Western Union Business Solutions enables companies of all sizes
to send and receive cross-border payments and manage foreign
exchange. With deep expertise in moving funds around the globe,
access to over 140 currencies and a global financial network
spanning more than 200 countries, Western Union helps companies
spend less time managing international financial transactions and
more time growing their businesses. Since the acquisition of
Travelex Global Business Payments, Western Union is now the world’s
leading nonbank provider of cross-border business payments. Western
Union Business Solutions operates through locally licensed
affiliates in 18 countries.
About Western Union
The Western Union Company (NYSE: WU) is a leader in global
payment services. Together with its Vigo, Orlandi Valuta, Pago
Facil and Western Union Business Solutions branded payment
services, Western Union provides consumers and businesses with
fast, reliable and convenient ways to send and receive money around
the world, to send payments and to purchase money orders. The
Western Union, Vigo and Orlandi Valuta branded services are offered
through a combined network of approximately 485,000 agent locations
in 200 countries and territories. In 2010, The Western Union
Company completed 214 million consumer-to-consumer transactions
worldwide, moving $76 billion of principal between consumers, and
405 million business payments. For more information, visit
www.westernunion.com.
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