South Africa’s Standard Bank has launched a new digital payments partnership with Africa-based fintech Flutterwave. Under the terms of the deal, Standard Bank customers in eight African countries will be… read more →
New research has found that up to $50 trillion in new investment in SMEs will be needed to reach global net zero transitions goals. A joint white paper, released today… read more →
UK development finance fund CDC Group has committed to a $30 million trade finance loan to Bangladesh’s Prime Bank. The loan facility, which will enable Prime Bank to extend more… read more →
UK budget: Sunak promises action on HGV crisis, shipping and tonnage tax, warns of further inflation
British Chancellor Rishi Sunak today presented his Autumn Budget of 2021 to the UK House of Commons.
If your work involves international trade transactions, you will find that one of the most common and useful SWIFT Codes that you will encounter is SWIFT code MT 754.
French international bank BNP Paribas has executed a green repurchase agreement (repo) transaction with state-owned utility company Électricité de France (EDF). The two companies have worked jointly to structure and… read more →
The UK Financial Conduct Authority (FCA) plans to transition from the London Interbank Offered Rates (LIBOR) to Risk-Free Rates (RFRs) by the end of 2021, to restore trust and integrity in the market. This shift comes after several banks manipulated their interest rates for profit, disturbing trust in the global economy.
Steven Lauricella explains the five things CFOs and Treasurers need to know about the new regulations, and how alternative solutions can be harnessed to fund crucial supply chain initiatives.
Merchants would go on voyages for several weeks, if not months, in a caravel, carrack or clipper to the Far East, or elsewhere, to buy cotton, wool, tea, spices or other commodities. They would be equipped with a Letter of Credit in their trunk, often handwritten by the clerk of their high street banks.
The UK and ten major trading partners have agreed to end export credit support for unabated coal-fired power plants
The pandemic and the ensuing disruptions in how the world produces, transports, stores, and consumes bulk commodities is placing physical inventory control and monitoring in the cross-hairs of revolutionary change.… read more →
British tea and coffee supplier Union Papertech has secured government support for its latest expansion into the production of environmentally-friendly tea bags. The Manchester-based firm has signed a deal with… read more →