In this Q&A, we speak to author and markets veteran James Fok about his new book, Financial Cold War: A View of Sino-US Relations from the Financial Markets
Category: United States
Trailstone Group signs €175m multicurrency secured uncommitted revolving credit facility
US energy firm Trailstone Group has signed a €175 million multicurrency secured uncommitted revolving credit facility for use by Trailstone Renewables GmbH. The facility was arranged by ING Bank, which acted as sole arranger, security agent, facility agent, and fronting bank. In a press statement, Trailstone said the structure of the facility aligns with the… Continue reading Trailstone Group signs €175m multicurrency secured uncommitted revolving credit facility
A world without LIBOR – Perspectives on the transition from ITFA, BAFT, JPM
Almost two weeks have passed since the retirement of the world’s most important number: the London Interbank Offered Rate (LIBOR).
UK trade deficit with China triples in one year thanks to COVID-19 lockdowns – report
The UK’s trade deficit with China has more than tripled after a year of lockdowns during the COVID-19 pandemic.
2021 – A Year in Review with Trade Finance Global
As the clocks struck midnight, we looked back at over 700 articles, handpicking our favourite stories that made the headlines in 2021
Gunvor secures $1.13bn LNG syndicated borrowing base facility with emissions measurement commitments
Gunvor Group, one of the world’s largest independent traders of liquefied natural gas (LNG), has signed a new syndicated borrowing base facility worth $1.13 billion. In what the company believes is a first-of-its-kind agreement, the LNG facility will include measurement commitments on Scope 1, 2, and 3 emissions, as per the Enterprise Carbon Accounting (ECA)… Continue reading Gunvor secures $1.13bn LNG syndicated borrowing base facility with emissions measurement commitments
Stagflation: Over 80% of US, UK businesses hit by increased costs due to inflation
New surveys on both sides of the Atlantic have found that the vast majority of businesses are struggling with inflation, and many are already passing on price hikes to consumers.
The worst of the supply chain crisis is over, shows recent World Trade Organisation report
The supply chain crisis appears to be subsiding, according to the World Trade Organization’s (WTO) most recent World Trade Report.
COP26: Denmark announces greener shipping declaration signed by US, 12 other countries
An agreement has been reached by Denmark, the US, and 12 other countries on delivering a net-zero global maritime industry by 2050. Led by Denmark, the ‘Declaration on Zero Emission Shipping by 2050’ was announced on the sidelines of the United Nations (UN) Climate Change Summit, COP26, in Glasgow, Scotland this week. The declaration will… Continue reading COP26: Denmark announces greener shipping declaration signed by US, 12 other countries
British tea and coffee supplier secures government support for expansion
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 UK Export Finance (UKEF), the UK export credit agency, worth $1 million. The deal will enable Union Papertech to unlock further growth and finance new… Continue reading British tea and coffee supplier secures government support for expansion
Capco partners with Coherent to deliver new digital solutions in banking, insuretech
[box] Global technology and management consultancy Capco has signed a new digital solutions partnership with Asia- and US-based insuretech Coherent. [/box] The partnership will bring together Capco’s consulting skills and domain knowledge with Coherent’s core technology and platform suite to deliver new digital solutions. Under the terms of the deal, Capco and Coherent will provide… Continue reading Capco partners with Coherent to deliver new digital solutions in banking, insuretech
New Standard Chartered research shows companies in Europe, North America are doubling down on supply chain resilience
New research from Standard Chartered has found that environmental, social and governance obligations are top of mind for corporates in Europe and North America, as the post-pandemic business recovery gets underway.
Euler Hermes UK: business failures to increase by 32%
Euler Hermes, the world’s leading trade credit insurer, states the UK is set for a significant rise in business failures as companies readjust to the removal of government COVID-19 pandemic support measures.
A new vision for inclusive trade: addressing inequalities and global reform
Divides and discrimination within countries along the lines of race, ethnicity, gender and Indigenous identity have resulted in longstanding social, economic and political challenges.
Human rights due diligence in international trade: A practical approach to achieving SDGs
This article posits that human rights due diligence is the most practical approach to addressing climate change concerns and achieving other sustainable development goals.