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BP Petrochemicals transacted the first automated multi-bank bank payment obligation (BPO) over the last week of April for a Europe-centred transaction.
Banks running Bank Payment Obligations, a new Swift-enabled trade finance process, are now all inter-bank capable and automated, while BTMU has leapt ahead with BPO-enabled factoring that led mining giant Vale to ...
Global trade flow volumes have declined in 2012, dwindling to $37.7 billion and registering 217 deals in the year. This is down from $40.5 billion and 593 deals recorded in 2011.
The British bank, HSBC, has hired Quang Buu Huynh from Vietnam to Hong Kong to run global trade and receivables business in an effort to drive trade revenue in the bank’s key markets.
Indonesia July PMI reaches 51.4 with strong growth in new orders, HSBC economists show, but other regional manufacturing PMI numbers are dismal for July