Sumitomo Mitsui Banking (SMBC) will phase out corporate and project finance exposure to coal mining by 2040, but does not have a concrete timeline for reducing support to trade finance,… read more →
The European Bank of Reconstruction and Development’s (EBRD) Trade Facilitation Programme (TFP) supported its highest ever number of transactions in a single year in 2022. The programme facilitated 1,768 transactions… read more →
Increasing volatility in global supply chains means shipping lines must undergo a radical restructuring to survive, according to A.P. Moller-Maersk A/S. Ditlev Blicher, president of Asia-Pacific for the shipping line… read more →
The ICC United Kingdom has announced a new initiative to strengthen the UK finance industry against the impacts of duplicate financing fraud. The Centre for Digital Trade and Innovation (C4DTI)-led… read more →
China and Australia’s top trade officials have met for the first time since 2019, in the latest sign of warming in diplomatic relations between the two countries. Trade minister Don… read more →
To learn more about trade digitisation, Trade Finance Global (TFG) spoke with Oswald Kuyler, global head of strategy at MonetaGo.
Chief executive of gas grid operator Enagas, Arturo Gonzalo Aizpiri told reporters on Thursday that the European Union funds could finance 30% – 50% of the underwater hydrogen pipeline to… read more →
Bank ABC has successfully closed a 3-year $75 million term loan facility for the Industrial Bank of Kuwait K.S.C (“IBK”). The facility, which was finalised in December 2022, was arranged… read more →
The Board of Directors of the African Development Bank Group has approved a dual-currency Trade Finance Line of Credit for ECOWAS Bank for Investment and Development (EBID) comprising $50 million… read more →
The latest issue of TFG’s Trade Finance Talks, ‘Sailing into 2023: Navigating the new year’, is out now!
‘Permacrisis’ was crowned word of the year by the editors of the Collins English Dictionary at the end of 2022, defined as “an extended period of instability and insecurity”. It seems an appropriate term to describe the state of global trade, finance, and supply chains as we enter 2023.
The Ministry of Ports, Shipping and Waterways on Friday launched the national logistics portal–marine (NLP-M), a single-window platform aimed at bringing all trade stakeholders together and reducing the cost of… read more →
Tata Power, an integrated power company in India, has partnered with Contour, a digital trade finance network based out of Singapore, to make its financial management process more robust, transparent… read more →
Your Monday morning coffee briefing from TFG: VIDEO | Think data, not documents: advancing MLETR in 2023