American consumers are currently sitting on a fairly huge nest egg. Equity is at a higher level than ever before, and the personal saving rate has risen to a considerable 7.9% according to NASDAQ figures.
Events such as Brexit, the US-China trade war, political unrest between China and Hong Kong dominated the headlines in 2019, have all had significant implications on global trade. However, it has not all been bad news – with increased levels of cooperation and technological innovation, the outlook for trade/finance moving into 2020 could be promising.
Trade Finance Global, in partnership with Finastra, sat down with 6 global experts in trade to get a low down of 2019, the key themes and trends, as well as what’s been at the front of mind for practitioners in trade, receivables and supply chain finance.
Trade Finance Global spoke to Wenhui LIANG at the WTO Global Trade and Blockchain Forum, on the nature of the current state of the global trading and blockchain adoption in global trading.
TFG spoke to Stephen Renna, Chief Banking Officer at US Exim Bank at TXF CPRI in London, about the core priorities and focus for the bank in order to facilitate US exports, now that is has a wider remit to promote US SMEs.
With the development of more interconnected alternative finance options for businesses and the emergence of open banking in the marketplace, the option of Peer-to-Peer (P2P) lending is seeing a great increase in popularity over the years among its SME audience.
Despite what economists, central bankers, and politicians may tell you, the evolution of the world economy is not a graceful one. Rarely does it feel cooperative, since getting a good look at how a single element impacts the whole can seem downright impossible. However, the past few days have shined a light on how trade helps shape the global economic landscape, make waves across markets, and set the tone for the future.
It seems nowadays unicorn businesses are emerging in the venture capital scene with accelerating frequency. With an increasingly mobile and technologically capable world, fin-tech companies and eCommerce startups are dominating most of the visible market now. Is startup growth really as proliferate and fast-paced as it may seem? The answer is an unsurprising, billion-dollar “yes”.
We interviewed Geoff Brady, Head of Global Trade & Supply Chain Finance (GTS) at Bank of America Merrill Lynch. We talked about the physical and financial aspects of the supply chain management, about the importance of Blockchain Consortia in the trade finance space and the BAML’s agenda for the rest of the year.
TFG heard Judd Holroyde, Head of Global Product Management, Wells Fargo. We talked about the changing payments landscape, about SWIFT and SWIFT Gpi and how the FinTech creativity can be used as a customer value proposition messenger.
Twitter has changed the way politics is portrayed. Not only has it arguably drifted political opinions further apart, but it has also given rise to issues like false information and hate speech in the political discourse.
Chicago, 10th September 2019. Trade Finance Global (TFG) are delighted to announce a Media Partnership with BAFT (The Bankers Association for Finance and Trade) for their 29th Annual Conference on International Trade.
The pound had a rocky August as the October 31st Brexit deadline drew nearer and the ongoing drama of Brexit intensified. Prime Minister Boris Johnson rocked the pound by staying firm on the path to leave without a deal if nothing was agreed by the 31st October
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.
In July the pound continued its march lower as markets prepared for the prospect of a PM who would be more aligned with a no-deal Brexit outcome