On the 9th February, Swiss-based commodities trader Trafigura alleged that it had been exposed to “systemic fraud” to the value of $577 million of nickel, in relation to UAE-based businessman Prateek Gupta’s London trading company TMT Metals Holdings Ltd, and companies connected to him.

2022 was a year of seismic and rapid changes for international trade and trade finance. War in Europe, COVID-19, and inflation created unimaginable disruptions in the industry. This dynamic phase is creating opportunities and gives way for new entrants in the ecosystem.

To support export and import-based businesses to cope with global uncertainties brought on by the COVID-19 pandemic, IFC is providing $50 million to Prime Bank Limited in Bangladesh.   This IFC… read more →

Your Monday morning coffee briefing from TFG, 13 February 2023

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 →

To learn more about sustainability approaches within the industry, Trade Finance Global spoke to Eva Rubio, head of global transaction banking at BBVA at BAFT’s Europe Bank to Bank forum held in London this January.

The digital economy has seen tremendous growth over the past decade for several reasons. This has given rise to a large number of digital assets that are commonly used as part of transactions in digital environments and beyond. 

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 →

To learn more about trade digitisation, Trade Finance Global (TFG) spoke with Oswald Kuyler, global head of strategy at MonetaGo.

Your Monday morning coffee briefing from TFG: RELEASED – Trade Finance Talks – Sailing into 2023: Navigating the new year To agriculture and beyond: a look at how IoT technology… read more →