The SWIFT network, operated by the Society for Worldwide Interbank Financial Telecommunication, facilitates secure messaging between financial institutions globally. Abdelkader Husriyeh, governor of Syria’s central bank, told Reuters that a… read more →
Soyabean oil futures have climbed 11% since Thursday, marking the highest level since October 2023. Meanwhile, palm oil has reversed earlier losses to gain over 6% this week, after suffering… read more →
The Guiding and Establishing National Innovation for US Stablecoins Act, or GENIUS Act, was passed yesterday, on Tuesday, 17 June. It has created regulated pathways for banks, fintech companies and… read more →
SBI Factors, a wholly-owned subsidiary of State Bank of India (SBI) and regulated by the Reserve Bank of India (RBI), began operations in April 1991 as India’s first factoring company.… read more →
Commerzbank, ING, Santander, and Standard Chartered announced their backing of the International Chamber of Commerce’s Principles for Sustainable Trade Finance on Thursday, collectively representing about 25% of the global trade… read more →
The transaction, completed on Tuesday, used a digital bill of exchange alongside supporting documents powered by blockchain verification technology from Swedish fintech Enigio, and executed through an interoperable digital channel… read more →
This marks a significant step in the bank’s digital transformation as Latin America seeks to capitalise on a potential $90 billion trade finance opportunity, shifting from legacy back-office systems to… read more →
On Tuesday 10 May, the exchange introduced seven futures contracts with expiration dates ranging from November through May next year, followed by the first options contracts of their kind later… read more →
The partnership’s first transaction supported a leading global food company’s cocoa procurement from Côte d’Ivoire, the world’s leading cocoa producer; this will unlock over $70 million in annual procurement opportunities.… read more →
The Paris-based organisation warned that mounting protectionism could disrupt the pace of the global energy transition, as companies adopt a “wait and see” approach to significant new investments dependent on… read more →
