Archive for August, 2022

Your Monday coffee briefing from TFG: China ramps up trade restrictions against Taiwan

Analysts are seeing the recent drop in earnings by the world’s biggest mining companies as a sign that the days of bonanza dividend payouts are over.

Saudia Arabia, the world’s second-largest oil producer behind the USA, made headlines this week as reports surfaced that its economy had expanded by 11.8% in the second quarter of 2022, a massive pace largely fueled by high oil prices.

Africa is a dynamic and exciting market of opportunities waiting to be unlocked. Innovation, entrepreneurial mindedness, and the willingness to embrace change for the good of all make this continent and its people as unique as its emerging payments story. 

TFG has partnered with Trade4MSMEs in a bid to provide micro-, small-, and medium-sized enterprises (MSMEs) with relevant resources to aid in the growth of their businesses. 

TFG spoke to UCP 600 expert David Meynell, senior technical advisor for the ICC Banking Commission and digital rules advisor to the Centre for Digital Trade and Innovation, to discuss the evolution of the UCP 600 and supplementing rules for documentary credits.

In the D rules delivery does not occur until a named destination place. How it gets there, what origin port or place it left and when it left are all irrelevant. This puts the D rules completely at odds with the typical LC that requires a port of shipment, port of destination and a latest shipment date.

It may have ‘just’ been a football game, but its impact is far greater. The Union of European Football Associations (UEFA) Women’s Championship 2022 is over.

Your Monday coffee briefing from TFG: New from Trade Finance Talks – SME trade finance: flying under the radar