The volume of space dedicated to ‘trade wars’ in the past few months is vast. But this does not guarantee the subject has been properly examined and analysed. I would like to suggest another perspective, questioning some common assumptions.
A trade war is unlikely to turn into a currency war, and the yuan’s exchange rate against the dollar should stabilize and be slightly lower than it was before the trade war. However, this situation is not what the United States wants to see, and how it will develop still needs to be observed to further respond to the depreciation of the RMB.
Change is not just coming; change is here today, now. The impact of using electronic trade documents instead of hard copies of bills of lading, invoices, packing lists, and certificates to settle trade transactions via the Internet will be as profound to global trade finance as the containerization of cargo was to logistics.
It’s TFG’s first ever Podcast Takeover, and we welcomed Michael Bickers, Editorial Director of BCR Publishing, who Trade Finance Global have partnered with for the BCR Supply Chain Finance Summit APAC on the 15th and 16th of October in Singapore.
Donald Trump provoked trade disputes between the US’s trading partners all around the world. Most dramatically, Trump has imposed waves of tariffs against China on nearly half of the Chinese exports to the US.
TFG heard from David Morrish and Charles Woodgate from the London Institute of Banking and Finance, ahead of their annual conference, the World Conference for Banking Institutes (WCBI). Given times of unprecedented change within global trade, we discuss what this means for trade related education, as well as the current diversity and gender challenges within trade.
Your Monday morning coffee briefing from TFG. Here are some of the last week’s updates from the trade sector. 27th August 2019.
Open banking has been taking over as the latest FinTech model of global market disruption, but market implementation so far has been fraught with delays, slowdowns and difficulties. Open banking refers to a financial data aggregation system that will be implemented in banks and financial service channels.
The Marco Polo Network and Standard Bank Group announced today that Standard Bank has joined the Marco Polo Network, the largest and fastest growing trade finance network focused on bringing unprecedented efficiencies to trade financing.
In this interview series, we heard from two invoice discounting experts and learned more about the confidentiality features of this product and the fundamental differences to invoice factoring.TFG’s Persiana Ignatova spoke to Jeff Longhurst and Steve Box, who are members of World of Open Account (WOA).
The nature of Xi Jinping’s political hegemony has altered China’s conduct and outlook of international trade; based on China’s economic past, what could this spell for the future?
Your Monday morning coffee briefing from TFG. Here are some of the last week’s updates from the trade sector. 19th August 2019.
Japan has set out its strategy to reduce greenhouse gas emissions by 80% by 2050, and net zero emissions by the early years of the second half of this century. The strategy is not perfect and is in controversy with the actions of the corporates and the government. However, it is a welcome step and more pressure needs to be applied in order to make the strategy go further.
Today the completion of the world’s first integrated paperless trade transaction happened – in iron ore – involving Rio Rinto selling bulk iron ore to Cargill, who sourced the cargo… read more →
Credit Insurance is an important risk mitigant in international trade. But what actually is credit insurance, how can it be used to facilitate trade finance as a risk mitigant, and what are the key watch-outs a corporate or bank should consider when using credit insurance? We talked to two credit insurance experts about security, policy wording, obligations and what happens when things go wrong.