Much like the rest of the global economy, the world of correspondent banking has undergone rapid changes in recent years. Though we have started to witness the changing dynamics of correspondent banking relationships, we have yet to truly understand their long-term impacts. TFG heard from leaders at banking association BAFT, who have recently partnered with TFG for the launch of their correspondent banking hub.
At the 4th National Summit Trade Finance for Inclusive Growth organised by ASSOCHAM, the state of global trade finance was discussed by industry leaders. One point came across clearly: the path to growing the Indian economy is easy access to trade finance. Deepesh Patel, TFG’s Editorial Director, recently joined the ASSOCHAM Trade Finance Steering committee, helping to provide insights into market activities and trends.
The 2023 Commonwealth Trade Ministers Meeting drew to a close today, with a resolute focus on collaborative efforts to nurture resilient, inclusive, green, and digital economies. Building upon the initiatives… read more →
China experienced a 7.5% decline in exports in May compared to the previous year, while imports were down by 4.5%, signalling a deceleration in the economic recovery post the lifting… read more →
HSBC has announced a £15 billion lending fund for UK SMEs, to help expand access to the market and grow existing businesses. This SME lending fund is part of a… read more →
The International Air Transport Association (IATA) has unveiled a series of roadmaps aimed at achieving net zero carbon emissions in the aviation industry by 2050. These roadmaps cover critical aspects… read more →
The House of Commons recently released a research summary of the Electronic Trade Documents Bill (ETDB), marking yet another step towards the bill becoming an enshrined law in the summer… read more →
The financing partners of the Asian Development Bank (ADB) have committed $11.4 billion in cofinancing for ADB projects in 2022, aimed at enhancing the resilience of developing member countries and… read more →
The Food and Agriculture Organization (FAO) of the United Nations reported a significant decline in the world price index for food commodities in May. The index, which tracks the prices… read more →
In recent years, various disruptions such as the Covid-19 pandemic and the invasion of Ukraine have prompted a reassessment of global supply chains. These events are impacting companies and influencing… read more →
Today, the report, “Future of Trade: New opportunities in high-growth corridors” was released by Standard Chartered. The report predicts that global trade will reach AED 120 trillion by 2030, with… read more →
In response to the challenges posed by the COVID-19 pandemic and the recent crisis in Ukraine, the World Trade Organization (WTO) has introduced the Global Trade Data Portal. This initiative… read more →
The manufacturing and shipping industries tally up some of the highest, more impactful numbers to the atmosphere’s degradation, adding to an already-intense climate crisis.
The latest reading of the barometer index indicates positive growth, with a rise from 92.2 in March to 95.6. However, it remains below the baseline value of 100, indicating a… read more →
First Abu Dhabi Bank (FAB), the UAE’s largest bank and a global financial powerhouse, strengthens its trade product offerings by introducing the Supply Chain Finance (SCF) programme in KSA, expanding… read more →